Agilent Technologies Inc. (A) Given a $51.00 Price Target by Bank of America Corp. Analysts
Agilent Technologies Inc. (NYSE:A) has been assigned a $51.00 target price by investment analysts at Bank of America Corp. in a research report issued to clients and investors on Friday. The firm currently has a a “buy” rating on the stock. Bank of America Corp.’s price target suggests a potential upside of 7.64% from the company’s current price.
A has been the topic of several other reports. Zacks Investment Research downgraded Agilent Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. BTIG Research started coverage on Agilent Technologies in a research report on Friday, July 22nd. They set a “buy” rating and a $55.00 target price on the stock. Evercore ISI increased their target price on Agilent Technologies from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, August 18th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $50.00 target price on shares of Agilent Technologies in a research report on Thursday, August 18th. Finally, Robert W. Baird increased their target price on Agilent Technologies from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $48.89.
Shares of Agilent Technologies (NYSE:A) traded up 0.17% on Friday, reaching $47.38. The company’s stock had a trading volume of 1,663,127 shares. The company has a 50 day moving average of $46.59 and a 200 day moving average of $44.67. The stock has a market capitalization of $15.37 billion, a P/E ratio of 32.86 and a beta of 1.35. 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 issued its quarterly earnings data on Wednesday, August 17th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Agilent Technologies had a return on equity of 14.97% and a net margin of 11.59%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business earned $0.44 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that Agilent Technologies will post $1.91 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Tuesday, October 4th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, September 30th. Agilent Technologies’s dividend payout ratio is currently 31.72%.
In other Agilent Technologies news, VP Rodney Gonsalves sold 8,141 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $47.82, for a total transaction of $389,302.62. Following the transaction, the vice president now owns 16,322 shares of the company’s stock, valued at approximately $780,518.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Cullen sold 13,574 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $47.52, for a total value of $645,036.48. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in A. Cribstone Capital Management LLC purchased a new position in Agilent Technologies during the second quarter worth approximately $102,000. ClariVest Asset Management LLC purchased a new position in Agilent Technologies during the second quarter worth approximately $105,000. CENTRAL TRUST Co increased its position in Agilent Technologies by 1.3% in the second quarter. CENTRAL TRUST Co now owns 2,596 shares of the company’s stock worth $115,000 after buying an additional 34 shares in the last quarter. JFS Wealth Advisors LLC increased its position in Agilent Technologies by 7,555.6% in the second quarter. JFS Wealth Advisors LLC now owns 3,445 shares of the company’s stock worth $153,000 after buying an additional 3,400 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new position in Agilent Technologies during the second quarter worth approximately $154,000.
About Agilent Technologies
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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