A number of other analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Agilent Technologies from a hold rating to a buy rating and set a $52.00 price target for the company in a report on Wednesday, October 5th. Goldman Sachs Group Inc. restated a buy rating and set a $53.00 price target on shares of Agilent Technologies in a report on Wednesday, September 7th. Morgan Stanley set a $47.00 target price on shares of Agilent Technologies and gave the company a hold rating in a report on Thursday, August 18th. Robert W. Baird lifted their target price on shares of Agilent Technologies from $48.00 to $52.00 and gave the company an outperform rating in a report on Thursday, August 18th. Finally, Evercore ISI lifted their target price on shares of Agilent Technologies from $50.00 to $53.00 and gave the company a buy rating in a report on Thursday, August 18th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Agilent Technologies has an average rating of Buy and a consensus price target of $48.89.
Agilent Technologies (NYSE:A) opened at 45.69 on Friday. The firm has a market capitalization of $14.82 billion, a P/E ratio of 31.69 and a beta of 1.35. The stock’s 50 day moving average price is $46.56 and its 200-day moving average price is $44.86. Agilent Technologies has a 12 month low of $34.15 and a 12 month high of $48.63.
Agilent Technologies (NYSE:A) last announced its quarterly earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The business earned $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. Agilent Technologies had a net margin of 11.59% and a return on equity of 14.97%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. Equities analysts forecast that Agilent Technologies will post $1.91 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Tuesday, October 4th will be given a dividend of $0.115 per share. The ex-dividend date is Friday, September 30th. This represents a $0.46 annualized dividend and a dividend yield of 1.01%. Agilent Technologies’s dividend payout ratio (DPR) is currently 31.72%.
In related news, Director Boon Hwee Koh sold 5,298 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $47.66, for a total value of $252,502.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Cullen sold 13,574 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $47.52, for a total transaction of $645,036.48. The disclosure for this sale can be found here.
Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its position in Agilent Technologies by 500.5% in the third quarter. BNP Paribas Arbitrage SA now owns 501,978 shares of the company’s stock worth $23,638,000 after buying an additional 418,388 shares in the last quarter. Eqis Capital Management Inc. acquired a new position in Agilent Technologies during the third quarter worth approximately $211,000. Macquarie Group Ltd. raised its position in Agilent Technologies by 57.3% in the second quarter. Macquarie Group Ltd. now owns 278,800 shares of the company’s stock worth $12,367,000 after buying an additional 101,550 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Agilent Technologies during the second quarter worth approximately $587,000. Finally, Kentucky Retirement Systems acquired a new position in Agilent Technologies during the second quarter worth approximately $1,236,000.
About Agilent Technologies
Agilent Technologies, Inc provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. The Company serves the life sciences, diagnostics and applied chemical markets. It has three business segments: life sciences and applied markets business, diagnostics and genomics business, and Agilent CrossLab business.
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