Agilent Technologies Inc. (A) stock price forecast predicts $151.29 value

At the time of writing, Agilent Technologies Inc. [A] stock is trading at $144.16, down -2.20%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The A shares have gain 0.30% over the last week, with a monthly amount drifted -2.13%, and not seem to be holding up well over a long-time horizon.

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On 4, April 2024, Agilent Brings Great Science to Life at Analytica 2024. In a post published today on Yahoo Finance, Unveiling innovative automation capabilities and transformative workflows for analytical laboratories.

From an analyst’s perspective:

Agilent Technologies Inc. [NYSE: A] stock has seen the most recent analyst activity on April 05, 2024, when Stifel upgraded its rating to a Buy and also boosted its price target to $163 from $145. Previously, Wolfe Research started tracking the stock with Outperform rating on December 13, 2023, and set its price target to $140. On December 12, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $133 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $125 on November 17, 2023. Bernstein initiated its recommendation with a Mkt Perform and recommended $123 as its price target on September 28, 2023. Evercore ISI downgraded its rating to In-line for this stock on July 31, 2023, and downed its price target to $124. In a note dated May 24, 2023, Wells Fargo reiterated an Overweight rating on this stock and revised its target price from $170 to $160.

For the past year, the stock price of Agilent Technologies Inc. fluctuated between $96.80 and $151.58. Currently, Wall Street analysts expect the stock to reach $151.29 within the next 12 months. Agilent Technologies Inc. [NYSE: A] shares were valued at $144.16 at the most recent close of the market. An investor can expect a potential return of 4.95% based on the average A price forecast.

Analyzing the A fundamentals

According to Agilent Technologies Inc. [NYSE:A], the company’s sales were 6.74B for trailing twelve months, which represents an -5.58% plunge. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.2%, 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 0.21 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.

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 143.45 points at the first support level, and at 142.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 144.96, and for the 2nd resistance point, it is at 145.77.

Agilent Technologies Inc. [A] reported earnings per share of $1.29 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 $1.22/share, meaning a difference of $0.07 and a surprise factor of 5.70%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $1.38 per share as compared to estimates of $1.34 per share, a difference of $0.04 representing a surprise of 3.00%.

Ratios To Look Out For

It is important to note that Agilent Technologies Inc. [NYSE:A] has a current ratio of 2.68. Further, the Quick Ratio stands at 2.04, while the Cash Ratio is 1.08. Considering the valuation of this stock, the price to sales ratio is 6.27, the price to book ratio is 6.83 and price to earnings (TTM) ratio is 34.34.

Transactions by insiders

Recent insider trading involved Binns Philip, Senior Vice President, that happened on Mar 25 ’24 when 2827.0 shares were sold. CEO and President, McMullen Michael R. completed a deal on Mar 08 ’24 to sell 52297.0 shares. Meanwhile, V.P., Corporate Controller Gonsalves Rodney sold 4828.0 shares on Mar 07 ’24.

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