Keysight Technologies Inc (KEYS) shares projected to rise by 25.04%

Keysight Technologies Inc [KEYS] stock prices are up 1.53% to $156.11 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The KEYS shares have gain 2.52% over the last week, with a monthly amount drifted -0.88%, and not seem to be holding up well over a long-time horizon.

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On 3, April 2024, Keysight Becomes Validated Test Tool Provider for FiRa® 2.0 Technical and Test Specifications. In a post published today on Yahoo Finance, Ultra-wideband testing solution meets all requirements for physical layer conformance testing against the FiRa 2.0 Core Technical and Test Specifications.

From an analyst’s perspective:

Keysight Technologies Inc [NYSE: KEYS] stock has seen the most recent analyst activity on February 15, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $170 from $184. Previously, Morgan Stanley upgraded its rating to Overweight on September 15, 2023, and kept the price target unchanged to $165. On September 05, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $164 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $144 on August 18, 2023. BofA Securities downgraded its rating to a Underperform and reduced its price target to $148 on August 14, 2023. Citigroup started tracking with a Buy rating for this stock on June 30, 2023, and assigned it a price target of $200. In a note dated January 11, 2023, Goldman downgraded an Neutral rating on this stock and revised its target price from $196 to $189.

The stock price of Keysight Technologies Inc [KEYS] has been fluctuating between $118.57 and $172.72 over the past year. Currently, Wall Street analysts expect the stock to reach $195.2 within the next 12 months. Keysight Technologies Inc [NYSE: KEYS] shares were valued at $156.11 at the most recent close of the market. An investor can expect a potential return of 25.04% based on the average KEYS price forecast.

Analyzing the KEYS fundamentals

The Keysight Technologies Inc [NYSE:KEYS] reported sales of 5.34B for trailing twelve months, representing a drop of -8.83%. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.2 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 153.80 points at the first support level, and at 151.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 157.35, and for the 2nd resistance point, it is at 158.60.

Keysight Technologies Inc [KEYS] reported earnings per share of $1.63 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.59/share, meaning a difference of $0.04 and a surprise factor of 2.50%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $1.99 per share as compared to estimates of $1.87 per share, a difference of $0.12 representing a surprise of 6.40%.

Ratios To Look Out For

It’s worth pointing out that Keysight Technologies Inc [NYSE:KEYS]’s Current Ratio is 1.93. On the other hand, the Quick Ratio is 1.34, and the Cash Ratio is 0.83. Considering the valuation of this stock, the price to sales ratio is 5.10, the price to book ratio is 5.67 and price to earnings (TTM) ratio is 28.68.

Transactions by insiders

Recent insider trading involved NARAYANAN KAILASH, SVP, that happened on Mar 26 ’24 when 4300.0 shares were sold. Director, Nersesian Ronald S. completed a deal on Dec 27 ’23 to sell 29672.0 shares. Meanwhile, EVP and CFO Dougherty Neil sold 14686.0 shares on Dec 15 ’23.

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