The stock of Agilent Technologies Inc. (NYSE:A) decreased by -$0.38 on Tuesday to finish at $112.31, down -0.34 percent. The last five days have seen an average of 3,053,240 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$37.34. The average number of shares traded over the last 20 days was 1,909,450, while the average volume over the last 50 days totaled 1,983,436.
A stock dropped -5.82% since last month. On 09/13/23, the company’s shares reached a one-month low of $109.00. The stock touched a high of $160.26 on 01/23/23, after rallying from a low of $109.00 in 52 weeks. The price of A stock has declined by -24.95% or -$37.34 this year, reaching a new high 6 times. Still, the stock price is down -29.92% from the 52-week high.
Insider Transactions
A stock investors should be aware that Agilent Technologies Inc. (A) stock had its last reported insider trading activity 28 days ago on Aug 23. On Aug 23, V.P., Corporate Controller Gonsalves Rodney sold 3,500 shares at $118.78 each. This transaction resulted in the insider making $415,716. On Jul 27, McMullen Michael R. sold 944 shares at a price of US$130.00. After the transaction, the insider now owns 260,869 shares. Sr Vice President Ancher-Jensen Henrik had earlier sold 29,500 shares on Dec 14 for $155.78 a share. The transaction was completed for $4,595,510.
Valuation Metrics
Agilent Technologies Inc. (A) has a trailing price-to-earnings (P/E) ratio of 29.42. Beta for the stock is 1.03. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.66, the price-to-book (PB) ratio of 5.94, and the price-to-cash flow ratio of 22.94.
Company paid $0.2250 per share in dividends, remained unchanged from $0.2250 last year. A $0.0150 dividend increase was reported on Wednesday November 16 2022.
Financial Health
For the three months ended July 30, Agilent Technologies Inc.’s quick ratio was 1.70, while its current ratio was 2.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 0.49, and the total debt to equity ratio is 0.50. As far as profitability goes, gross margin for the trailing twelve months is 50.90% percent. Agilent Technologies Inc.’s EBITDA margin for the year ended July 30 was 27.73%, whereas its operating margin stood at 20.20% for the same period. Based on annual data, it had gross profit of $3.72 billion and revenue of $6.85 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. A’s return on assets (ROA) during the last 12 months has been 10.60%. There was a 16.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.40%.
Earnings Surprise
According to Agilent Technologies Inc.’s quarterly financial report for the quarter that ended July 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.67 billion, while revenues fell by -2.75% to $1.72 billion. It was predicted that Agilent Technologies Inc.’s quarterly earnings would be $1.43, but it ended up being $1.36, beating the consensus by 5.10%. EBITDA was $204.0 million for the quarter. At the end of Agilent Technologies Inc.’s most recent quarter ended July 30, its liabilities totaled 5.12 billion, while its total debt was $2.97 billion. Equity owned by shareholders amounts to $292.59 million.
Technical Picture
Here’s a quick look at Agilent Technologies Inc.’s (A) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 30.94%, suggesting the stock is Neutral, with a 19.85% historical volatility rate.
The stochastic %K and %D were 31.58% and 36.04% respectively, while the average true range (ATR) was 3.27. Based on the 14-day stochastic reading of 22.55%, the RSI (14) reading is 33.69%. On the 9-day MACD Oscillator, the stock is at -0.29, and the 14-day reading is at -2.63.
Analyst Ratings
Agilent Technologies Inc. (NYSE: A) was downgraded by Evercore ISI to a an In-line rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Agilent Technologies Inc. (A) an Overweight rating. A is a stock that is recommended for selling by 1 brokerage firm, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 9 others recommend it as a buy.
What is A’s price target for the next 12 months?
The current consensus forecast for the stock is between $110.00 and $163.00, with a median target price of $140.00. In analyzing these forecasts, the average price target given by analysts for Agilent Technologies Inc. (A) is $138.71.
