Agilent Technologies Inc. Reaches New 12-Month High at $58.54 (A)
Shares of Agilent Technologies (NYSE:A) hit a new 52-week high on Wednesday, Analyst Ratings Network.com reports. The company traded as high as $58.54 and last traded at $58.28, with a volume of 1,793,113 shares trading hands. The stock had previously closed at $57.45.
A number of analysts have recently weighed in on A shares. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Agilent Technologies in a research note to investors on Monday. They now have a $65.00 price target on the stock, up previously from $60.00. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $56.13.
In other Agilent Technologies news, SVP Michael Mcmullen unloaded 4,402 shares of the stock on the open market 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 completion of the sale, the senior vice president now directly owns 76,213 shares in the company, valued at approximately $4,373,864. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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 $55.39 and its 200-day moving average is $50.05. The company has a market cap of $19.374 billion and a price-to-earnings ratio of 27.36.
Agilent Technologies (NYSE:A) last announced its 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.
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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