BTIG Research Reiterates “Buy” Rating for Agilent Technologies Inc. (A)
Agilent Technologies Inc. (NYSE:A)‘s stock had its “buy” rating reaffirmed by investment analysts at BTIG Research in a note issued to investors on Wednesday.
A has been the subject of a number of other reports. Zacks Investment Research cut Agilent Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Evercore ISI increased their price target 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 set a $50.00 price target on shares of Agilent Technologies in a report on Thursday, August 18th. Leerink Swann assumed coverage on Agilent Technologies in a report on Thursday, November 10th. They set an “outperform” rating and a $53.00 price target for the company. Finally, Robert W. Baird increased their price target on Agilent Technologies from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $49.73.
Agilent Technologies (NYSE:A) opened at 45.94 on Wednesday. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 31.86 and a beta of 1.29. Agilent Technologies has a 1-year low of $34.15 and a 1-year high of $48.63. The firm has a 50-day moving average price of $45.53 and a 200 day moving average price of $45.65.
Agilent Technologies (NYSE:A) last released its quarterly earnings results on Tuesday, November 15th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The business earned $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Agilent Technologies had a return on equity of 15.50% and a net margin of 10.99%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. On average, equities research analysts anticipate that Agilent Technologies will post $2.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Tuesday, January 3rd will be given a dividend of $0.132 per share. This represents a $0.53 annualized dividend and a dividend yield of 1.15%. This is a positive change from Agilent Technologies’s previous quarterly dividend of $0.12. Agilent Technologies’s dividend payout ratio (DPR) is 32.62%.
In related news, Director James Cullen sold 13,574 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $47.52, for a total transaction of $645,036.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Patrick Kaltenbach sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $47.00, for a total value of $94,000.00. Following the transaction, the insider now owns 22,463 shares in the company, valued at approximately $1,055,761. 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. Renaissance Technologies LLC increased its position in Agilent Technologies by 1,473.3% in the first quarter. Renaissance Technologies LLC now owns 755,200 shares of the company’s stock worth $30,095,000 after buying an additional 707,200 shares in the last quarter. Nuveen Asset Management LLC increased its position in Agilent Technologies by 76.4% in the first quarter. Nuveen Asset Management LLC now owns 97,273 shares of the company’s stock worth $3,876,000 after buying an additional 42,143 shares in the last quarter. AMP Capital Investors Ltd increased its position in Agilent Technologies by 30.6% in the first quarter. AMP Capital Investors Ltd now owns 219,671 shares of the company’s stock worth $8,813,000 after buying an additional 51,525 shares in the last quarter. National Pension Service increased its position in Agilent Technologies by 4.4% in the first quarter. National Pension Service now owns 220,144 shares of the company’s stock worth $8,773,000 after buying an additional 9,355 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Agilent Technologies by 0.7% in the first quarter. Legal & General Group Plc now owns 1,373,497 shares of the company’s stock worth $54,735,000 after buying an additional 9,480 shares in the last quarter.
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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