Jefferies Group LLC Reiterates Buy Rating for Agilent Technologies Inc (A)

Agilent Technologies Inc (NYSE:A)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Group LLC in a report issued on Friday. They currently have a $59.00 price objective on the stock. Jefferies Group LLC’s price objective indicates a potential upside of 11.01% from the stock’s previous close.

A has been the topic of several other reports. BTIG Research reissued a “buy” rating and set a $55.00 price objective on shares of Agilent Technologies in a report on Sunday, December 4th. Zacks Investment Research raised shares of Agilent Technologies from a “sell” rating to a “hold” rating in a report on Friday, February 17th. Deutsche Bank AG initiated coverage on shares of Agilent Technologies in a report on Wednesday, January 18th. They set a “buy” rating and a $54.00 price objective on the stock. Barclays PLC raised shares of Agilent Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $48.00 to $51.00 in a report on Wednesday, January 4th. Finally, Morgan Stanley raised shares of Agilent Technologies from an “equal weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a report on Wednesday, March 15th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $53.61.

Analyst Recommendations for Agilent Technologies (NYSE:A)

Shares of Agilent Technologies (NYSE:A) opened at 53.15 on Friday. The company has a 50 day moving average price of $50.98 and a 200 day moving average price of $47.25. Agilent Technologies has a 1-year low of $38.89 and a 1-year high of $54.82. The stock has a market cap of $17.13 billion, a P/E ratio of 34.09 and a beta of 1.19.

Agilent Technologies (NYSE:A) last posted its quarterly earnings results on Tuesday, February 14th. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. Agilent Technologies had a net margin of 10.99% and a return on equity of 15.49%. The firm earned $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts anticipate that Agilent Technologies will post $2.15 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Tuesday, April 4th will be issued a $0.132 dividend. This represents a $0.53 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, March 31st. Agilent Technologies’s dividend payout ratio is currently 37.59%.

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In other Agilent Technologies news, VP Rodney Gonsalves sold 8,496 shares of Agilent Technologies stock in a transaction on Friday, March 10th. The shares were sold at an average price of $52.05, for a total value of $442,216.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Didier Hirsch sold 22,256 shares of Agilent Technologies stock in a transaction on Monday, January 9th. The stock was sold at an average price of $48.50, for a total transaction of $1,079,416.00. Following the completion of the transaction, the chief financial officer now directly owns 190,023 shares in the company, valued at $9,216,115.50. The disclosure for this sale can be found here. Insiders sold 101,293 shares of company stock worth $5,088,405 over the last ninety days.

Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Agilent Technologies by 0.5% in the third quarter. Wells Fargo & Company MN now owns 1,424,764 shares of the company’s stock valued at $67,093,000 after buying an additional 6,539 shares during the last quarter. Cadence Capital Management LLC increased its stake in Agilent Technologies by 303.2% in the fourth quarter. Cadence Capital Management LLC now owns 39,234 shares of the company’s stock valued at $1,788,000 after buying an additional 29,504 shares during the last quarter. Tyers Asset Management LLC bought a new stake in Agilent Technologies during the fourth quarter valued at approximately $306,000. Cardinal Capital Management increased its stake in Agilent Technologies by 3.2% in the third quarter. Cardinal Capital Management now owns 60,825 shares of the company’s stock valued at $2,864,000 after buying an additional 1,887 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Agilent Technologies by 64.3% in the third quarter. Two Sigma Advisers LP now owns 1,551,925 shares of the company’s stock valued at $73,080,000 after buying an additional 607,193 shares during the last quarter.

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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