Agilent Technologies Shares Up 3.3% on Earnings Beat (A)
Shares of Agilent Technologies (NYSE:A) shot up 3.3% during trading on Friday following a stronger than expected earnings report, Analyst Ratings.Net reports. The stock traded as high as $59.06 and last traded at $57.44, with a volume of 3,419,316 shares trading hands. The stock had previously closed at $55.62.
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.
A number of research firms have recently commented on A. Analysts at Zacks reiterated a “neutral” rating on shares of Agilent Technologies in a research note on Friday. They now have a $58.00 price target on the stock. Finally, 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. Four 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 company’s stock. Agilent Technologies has a consensus rating of “Buy” and an average target price of $62.50.
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 $19.192 billion and a P/E ratio of 26.32.
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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