Keysight Technologies (KEYS) Upgraded to Top Pick by Citigroup

Keysight Technologies (NYSE:KEYS) was upgraded by equities research analysts at Citigroup to a “top pick” rating in a research report issued on Friday, The Fly reports. The firm presently has a $100.00 price target on the scientific and technical instruments company’s stock. Citigroup‘s target price points to a potential upside of 22.32% from the stock’s previous close.

KEYS has been the topic of several other reports. Zacks Investment Research raised shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Thursday, February 14th. TheStreet cut shares of Keysight Technologies from an “a-” rating to a “c+” rating in a research note on Tuesday, November 20th. ValuEngine upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Finally, Jefferies Financial Group raised their target price on shares of Keysight Technologies from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, November 21st. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Keysight Technologies has a consensus rating of “Buy” and a consensus target price of $76.44.

NYSE:KEYS opened at $81.75 on Friday. The stock has a market capitalization of $15.22 billion, a PE ratio of 27.25 and a beta of 1.13. The company has a current ratio of 1.63, a quick ratio of 1.20 and a debt-to-equity ratio of 0.53. Keysight Technologies has a 1-year low of $45.31 and a 1-year high of $82.00.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Thursday, February 21st. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.09. Keysight Technologies had a net margin of 4.25% and a return on equity of 22.80%. On average, analysts forecast that Keysight Technologies will post 3.5 EPS for the current fiscal year.

In other news, VP John C. Skinner sold 2,637 shares of the company’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $57.70, for a total transaction of $152,154.90. Following the completion of the transaction, the vice president now directly owns 37,755 shares of the company’s stock, valued at approximately $2,178,463.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Satish Dhanasekaran sold 1,354 shares of the company’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $61.54, for a total value of $83,325.16. Following the transaction, the senior vice president now directly owns 29,337 shares of the company’s stock, valued at $1,805,398.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 232,173 shares of company stock valued at $13,909,042. Corporate insiders own 0.65% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Sun Life Financial INC acquired a new position in shares of Keysight Technologies during the 4th quarter worth approximately $32,000. Kaizen Advisory LLC purchased a new stake in shares of Keysight Technologies during the fourth quarter worth approximately $32,000. Parkside Financial Bank & Trust increased its position in shares of Keysight Technologies by 41.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 527 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 154 shares in the last quarter. Guardian Life Insurance Co. of America purchased a new stake in shares of Keysight Technologies during the fourth quarter worth approximately $33,000. Finally, Lindbrook Capital LLC purchased a new stake in shares of Keysight Technologies during the fourth quarter worth approximately $34,000. 84.73% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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The Fly

Analyst Recommendations for Keysight Technologies (NYSE:KEYS)

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