Agilent Technologies Rating Reiterated by Zacks (A)
Agilent Technologies (NYSE:A)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued on Friday. They currently have a $58.00 price target on the stock. Zacks‘s price target points to a potential upside of 11.39% from the company’s current price.
Zacks’ analyst wrote, “Agilent Technologies is a broad-based OEM of test and measurement equipment. The company’s third quarter earnings were above the Zacks Consensus Estimate. Agilent’s focus has shifted to life sciences, genomics, diagnostics and wireless test markets, where the company has made a few important acquisitions. The Electronic Measurement spin-off should reduce the cyclicality of the business. However, the macro weakness in the U.S. and Europe may temper revenue growth with the significant increase in operating expenses impacting the bottom line. We therefore have a Neutral recommendation on Agilent shares.”
A has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of Agilent Technologies in a research note on Thursday, July 17th. They set a “neutral” rating on the stock. Analysts at Goldman Sachs initiated coverage on shares of Agilent Technologies in a research note on Monday, June 23rd. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $62.50.
Shares of Agilent Technologies (NYSE:A) traded up 3.69% on Friday, hitting $57.67. The stock had a trading volume of 3,327,481 shares. Agilent Technologies has a 52 week low of $46.17 and a 52 week high of $61.22. The stock has a 50-day moving average of $56.52 and a 200-day moving average of $56.51. The company has a market cap of $19.219 billion and a price-to-earnings ratio of 26.32.
Agilent Technologies (NYSE:A) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.04. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.75 billion. Analysts expect that Agilent Technologies will post $3.07 EPS 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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