Agilent Technologies’s “Overweight” Rating Reaffirmed at Morgan Stanley (A)
Agilent Technologies (NYSE:A)‘s stock had its “overweight” rating reiterated by Morgan Stanley in a research note issued on Friday, StockRatingsNetwork reports. They currently have a $60.00 price target on the stock, up from their previous price target of $49.00. Morgan Stanley’s target price points to a potential upside of 17.69% from the stock’s previous close.
The analysts wrote, “We like Agilent’s multi-year margin improvement story, organic growth profile and superior ROIC profile – all of which have been overshadowed by the macro weakness. The decision to break the company into two pieces is an important value-creating event, allowing the appropriate investor bases to analyze/evaluate each piece (leading to multiple expansion), enabling separate mgmt teams to form distinct strategies and allocate capital appropriately, and affording upside optionality given sector consolidation.”
Shares of Agilent Technologies (NYSE:A) traded up 1.97% on Friday, hitting $51.985. 2,599,290 shares of the company’s stock traded hands. Agilent Technologies has a 1-year low of $35.38 and a 1-year high of $53.47. The stock has a 50-day moving average of $47.35 and a 200-day moving average of $44.57. The company has a market cap of $17.196 billion and a price-to-earnings ratio of 18.97.
Agilent Technologies (NYSE:A) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Analysts expect that Agilent Technologies will post $2.84 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on A. Analysts at Jefferies Group reiterated a “buy” rating on shares of Agilent Technologies (NYSE:A) in a research note to investors on Friday. They now have a $60.00 price target on the stock, up previously from $54.00. Separately, analysts at ISI Group upgraded shares of Agilent Technologies (NYSE:A) from a “buy” rating to a “strong-buy” rating in a research note to investors on Thursday. They now have a $63.50 price target on the stock, up previously from $56.00. Finally, analysts at Janney Montgomery Scott upgraded shares of Agilent Technologies (NYSE:A) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday.
One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Agilent Technologies has a consensus rating of “Buy” and an average target price of $51.63.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 23rd. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Friday, September 27th.
Agilent Technologies, Inc (NYSE:A) is a measurement company providing bio-analytical and electronic measurement solutions to the communications, electronics, life sciences and chemical analysis industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.