Published On: Wed, Sep 7th, 2016

Agilent Technologies Inc. (A) PT Raised to $53.00 at Goldman Sachs Group Inc.

Agilent Technologies Inc. (NYSE:A) had its price objective increased by equities researchers at Goldman Sachs Group to $53.00 in a report issued on Wednesday. Goldman Sachs Group‘s target price would indicate a potential upside of 12.89% from the stock’s current price.
A has been the topic of several other reports. Zacks Investment Research lowered shares of Agilent Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Evercore ISI reiterated a “buy” rating and set a $48.00 target price (up from $43.00) on shares of Agilent Technologies in a research report on Tuesday, May 17th. Cowen and Company reiterated an “outperform” rating and set a $49.00 target price (up from $47.00) on shares of Agilent Technologies in a research report on Thursday, May 26th. BTIG Research assumed coverage on shares of Agilent Technologies in a research report on Friday, July 22nd. They set a “buy” rating and a $55.00 target price on the stock. Finally, Leerink Swann reiterated a “buy” rating and set a $51.00 target price (up from $44.00) on shares of Agilent Technologies in a research report on Tuesday, May 17th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $48.32.
In other Agilent Technologies news, VP Rodney Gonsalves sold 8,141 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $47.82, for a total value of $389,302.62. Following the completion of the sale, the vice president now owns 16,322 shares of the company’s stock, valued at $780,518.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Cullen sold 13,574 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $47.52, for a total transaction of $645,036.48. The disclosure for this sale can be found here.

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Agilent Technologies (NYSE:A) traded up 0.309% on Wednesday, hitting $47.095. 1,225,442 shares of the company were exchanged. The firm has a market cap of $15.26 billion and a price-to-earnings ratio of 32.660. The stock has a 50 day moving average price of $47.36 and a 200 day moving average price of $43.48. Agilent Technologies has a one year low of $33.12 and a one year high of $48.63.
Agilent Technologies (NYSE:A) last posted its quarterly earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The company earned $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that Agilent Technologies will post $1.91 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Robecosam AG increased its stake in shares of Agilent Technologies by 40.4% in the first quarter. Robecosam AG now owns 791,151 shares of the company’s stock valued at $31,741,000 after buying an additional 227,764 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Agilent Technologies by 1,473.3% in the first quarter. Renaissance Technologies LLC now owns 755,200 shares of the company’s stock valued at $30,095,000 after buying an additional 707,200 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Agilent Technologies by 0.7% in the first quarter. Legal & General Group Plc now owns 1,373,497 shares of the company’s stock valued at $54,735,000 after buying an additional 9,480 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Agilent Technologies by 76.4% in the first quarter. Nuveen Asset Management LLC now owns 97,273 shares of the company’s stock valued at $3,876,000 after buying an additional 42,143 shares during the last quarter. Finally, Hitchwood Capital Management LP purchased a new stake in shares of Agilent Technologies during the fourth quarter valued at approximately $20,905,000.
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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