Agilent (NYSE:A) Stock Upgrade
It will be interesting to watch today’s trading of shares of Agilent (NYSE:A) as Goldman increased the stock from a “Neutral” to a respectable “Buy”.
From a total of 13 analysts covering Agilent Technologies (NYSE:A) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 9 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is $50 while the lowest target price is $39. The mean of all analyst targets is $44.35 with a 6.41% above today’s ($41.17) stock price. Agilent Technologies was the topic of 10 analyst reports since August 14, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on December 8 to “Buy” rating.
The stock increased 1.15% or $0.47 during the last trading session, striking $41.17. Approximately shares of stock traded hands. Agilent Technologies Inc (NYSE:A) has declined 1.01% since May 6, 2015 and is downtrending. It has underperformed by 0.21% the S&P500.
The overall sentiment of institutions has decreased to 0.8 in Q2 2015. Its down 0.20, from 1 in 2015Q2. The ratio turned negative, as 71 institutions have sold all the shares of Agilent Technologies Inc that they owned while 193 funds have taken shares off the table. 46 funds have purchased shares for the first time while 165 added to their positions. These institutions now hold 290.83 million shares or 6.20% more than the 273.86 million shares they owned in 2015Q2.
The Fund Kr Capital Advisors Inc currently is holding shares equating to 5.14% of its total portfolio in Agilent Technologies Inc representing a total of 210,970 shares. Another fund,Sensato Investors Llc, is holding a total of 493,633 shares equating to 3.17% of their holdings. Additionally, Impax Asset Management Ltd has a 1.26 million share stake in Agilent Technologies Inc which represents 3% of their total portfolio. The Fund, Robecosam Usa Inc., based out of New York, has also built up a stake in the stock, which represents a total of 2.97% of their total portfolio. Finally Terril Brothers Inc., a fund which is based in the state of Missouri reported a total holdings of 255,472 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 4, 2015, shareholders of Agilent Technologies Inc have witnessed 0 insider buys, and a total of 3 selling transactions equating to a net activity of approximately $870,450 . Doak Mark sold 7,938 shares worth approximately $317,599. Koh Boon Hwee sold 5,000 shares worth approximately $198,051. Herbold Robert J sold 8,870 shares worth approximately $354,800. Mcmullen Michael R. sold 43,130 shares worth approximately $1.84 million. The company insider Rand A Barry sold 8,870 shares worth $363,227.
Agilent Technologies Inc. is engaged in the life sciences, diagnostics and applied chemical markets. The company has a market cap of $13.49 billion. The Firm provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. It has 31.69 P/E ratio. The Firm has three business divisions: the life sciences and applied markets business, the diagnostics and genomics business, and the Agilent CrossLab business.
According to Zacks Investment Research, “Agilent Technologies is the world’s premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. Agilent has two primary business segments: Bio-Analytical Measurement and Electronic Measurement.” Get a free copy of the Zacks research report on Agilent Technologies Inc (A).