Agilent Technologies Stock Rating Reaffirmed by Morgan Stanley (A)
Agilent Technologies (NYSE:A)‘s stock had its “overweight” rating reaffirmed by investment analysts at Morgan Stanley in a note issued to investors on Monday, American Banking & Market News reports. They currently have a $65.00 price objective on the stock, up from their previous price objective of $60.00. Morgan Stanley’s price objective would indicate a potential upside of 14.20% from the stock’s previous close.
The analysts wrote, “A is one of the most economically sensitive stocks under coverage, driven primarily by the T&M segment,” the report said. “While F13 was challenging for T&M (-11% organic growth, though -8% excl. one large contract headwind), F14 is expected to show significant improvement, with guidance calling for 3% growth. With the roll off from the comp base of the large wireless contract combined with the impact of improving PMIs and GDP, EMG upside is a realistic possibility (after a string of quarterly shortfalls).”
In other Agilent Technologies news, SVP Michael Mcmullen sold 4,402 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $57.39, for a total transaction of $252,630.78. Following the sale, the senior vice president now directly owns 76,213 shares of the company’s stock, valued at approximately $4,373,864. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on A. Analysts at Cowen and Company raised their price target on shares of Agilent Technologies from $57.00 to $65.00 in a research note to investors on Wednesday, December 18th. Separately, analysts at Jefferies Group raised their price target on shares of Agilent Technologies from $60.00 to $65.00 in a research note to investors on Tuesday, December 17th. Finally, analysts at ISI Group raised their price target on shares of Agilent Technologies to $63.00 in a research note to investors on Friday, November 15th. They now have a “strong-buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $56.13.
Agilent Technologies (NYSE:A) traded up 0.07% during mid-day trading on Monday, hitting $56.96. The stock had a trading volume of 258,717 shares. Agilent Technologies has a 52 week low of $40.19 and a 52 week high of $57.94. The stock’s 50-day moving average is $55.24 and its 200-day moving average is $49.76. The company has a market cap of $18.900 billion and a price-to-earnings ratio of 27.10.
Agilent Technologies (NYSE:A) last posted its quarterly earnings results on Thursday, November 14th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.05. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts predict that Agilent Technologies will post $3.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 22nd. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.132 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, December 27th. This is a boost from Agilent Technologies’s previous quarterly dividend of $0.12.
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.
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