Agilent Technologies Inc. (A) Given a $51.00 Price Target at Bank of America Corp.
Agilent Technologies Inc. (NYSE:A) has been given a $51.00 price target by stock analysts at Bank of America Corp. in a research note issued on Friday. The firm currently has a a “buy” rating on the stock. Bank of America Corp.’s price objective suggests a potential upside of 7.82% from the company’s previous close.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut Agilent Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. BTIG Research started coverage on Agilent Technologies in a report on Friday, July 22nd. They issued a “buy” rating and a $55.00 target price for the company. Evercore ISI lifted their target price on Agilent Technologies from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $50.00 target price on shares of Agilent Technologies in a report on Thursday, August 18th. Finally, Robert W. Baird lifted their target price on Agilent Technologies from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $48.89.
Shares of Agilent Technologies (NYSE:A) traded up 0.27% during midday trading on Friday, reaching $47.43. The company had a trading volume of 1,261,785 shares. The stock has a market capitalization of $15.39 billion, a price-to-earnings ratio of 32.89 and a beta of 1.35. The firm’s 50 day moving average price is $46.59 and its 200-day moving average price is $44.67. Agilent Technologies has a 1-year low of $34.15 and a 1-year high of $48.63.
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Agilent Technologies (NYSE:A) last released its quarterly earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The business earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Agilent Technologies had a return on equity of 14.97% and a net margin of 11.59%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. Equities research analysts expect that Agilent Technologies will post $1.91 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Tuesday, October 4th will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, September 30th. Agilent Technologies’s payout ratio is 31.72%.
In related news, Director James Cullen sold 13,574 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $47.52, for a total transaction of $645,036.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Patrick Kaltenbach sold 2,000 shares of the business’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $47.30, for a total value of $94,600.00. Following the transaction, the insider now owns 22,463 shares in the company, valued at $1,062,499.90. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in shares of Agilent Technologies by 500.5% in the third quarter. BNP Paribas Arbitrage SA now owns 501,978 shares of the company’s stock valued at $23,638,000 after buying an additional 418,388 shares during the period. Eqis Capital Management Inc. purchased a new stake in Agilent Technologies during the third quarter valued at $211,000. Macquarie Group Ltd. increased its stake in Agilent Technologies by 57.3% in the second quarter. Macquarie Group Ltd. now owns 278,800 shares of the company’s stock valued at $12,367,000 after buying an additional 101,550 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Agilent Technologies during the second quarter valued at $587,000. Finally, Kentucky Retirement Systems purchased a new stake in Agilent Technologies during the second quarter valued at $1,236,000.
Agilent Technologies Company Profile
Agilent Technologies, Inc provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. The Company serves the life sciences, diagnostics and applied chemical markets. It has three business segments: life sciences and applied markets business, diagnostics and genomics business, and Agilent CrossLab business.
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