In a report released today, Mehdi Hosseini from Susquehanna initiated coverage with a Buy rating on Keysight Technologies (KEYS) and a price target of $115.00. The company’s shares closed last Monday at $97.16, close to its 52-week high of $102.00.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 9.6% and a 50.7% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Applied Materials Inc.
Keysight Technologies has an analyst consensus of Strong Buy, with a price target consensus of $108.29.
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Based on Keysight Technologies’ latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $1.09 billion and net profit of $159 million. In comparison, last year the company earned revenue of $1 billion and had a net profit of $121 million.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KEYS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Keysight Technologies, Inc. engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries.
