Agilent Technologies Inc. (NYSE:A) finished Friday with a subtraction of -$0.18 to close at $111.82, a downside of -0.16 percent. An average of 1,689,000 shares of common stock have been traded in the last five days. There was a gain of $0.41 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 1,990,150 shares traded, while the 50-day average volume stands at 2,008,054.
A stock has decreased by -8.85% in the last month. The company shares reached their 1-month lowest point of $109.00 on 09/13/23. With the stock rallying to its 52-week high on 01/23/23, shares of the company touched a low of $109.00 and a high of $160.26 in 52 weeks. It has reached a new high 6 times so far this year and lost -25.28% or -$37.83 in price. In spite of this, the price is down -30.23% from the 52-week high.
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Insider Transactions
A stock investors should be aware that Agilent Technologies Inc. (A) stock had its last reported insider trading activity 38 days ago on Sep 28. In this transaction, the insider spent $415,716. CEO and President, McMullen Michael R., disposed of 944 shares at a price of $130.00 on Jul 27. The insider now owns more than $122,720 worth of shares. Prior to that, Sr Vice President Ancher-Jensen Henrik went on to Sale 29,500 shares at $155.78 each on Dec 14. An amount of $4,595,510 was transacted.
Valuation Metrics
Agilent Technologies Inc. (A) has a trailing price-to-earnings (P/E) ratio of 29.32. The stock’s beta is 1.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.68, the price-to-book (PB) ratio at 5.89, and the price-to-cash flow ratio at 23.04.
Financial Health
The quick ratio of Agilent Technologies Inc. for the three months ended July 30 was 1.68, and the current ratio was 2.29, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.49 and a total debt to equity ratio of 0.50 for the quarter ending July 30. Its gross profit as reported stood at $3.72 billion compared to revenue of $6.85 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Agilent Technologies Inc.’s return on assets was 10.71%.
Earnings Surprise
For the three-month period that ended July 30, Agilent Technologies Inc. had $2.73 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $111.0 million in the quarter, while revenues were shrunk -196.4%. The analyst consensus anticipated Agilent Technologies Inc.’s latest quarter earnings to come in at $1.36 per share, but it turned out to be $1.43, a 5.10% surprise. For the quarter, EBITDA amounted to $204.0 million. Shareholders own equity worth $292.59 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Agilent Technologies Inc. (A) price momentum. RSI 9-day as of the close on 29 September was 41.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.13%.
As of today, A’s price is $111.40 +0.37% or $0.41 from its 5-day moving average. A is currently trading -7.64% lower than its 20-day SMA and -15.58% lower than its 100-day SMA. However, the stock’s current price level is -10.22% below the SMA50 and -28.01% below the SMA200.
The stochastic %K and %D were 18.89% and 16.96%, respectively, and the average true range (ATR) was 2.47. With the 14-day stochastic at 21.83% and the average true range at 2.59, the RSI (14) stands at 39.68%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.89.
Analyst Ratings
Bernstein launched coverage on Agilent Technologies Inc. (NYSE: A) in its analyst report released on September 28, 2023. The firm assigned the stock a Mkt perform rating. The consensus rating for Agilent Technologies Inc. (A) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell A, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 9 others rate it as a “buy”.
What is A’s price target for the next 12 months?
Analysts predict a range of price targets between $105.00 and $163.00, with a median target of $137.50. Taking a look at these predictions, the average price target given by analysts for Agilent Technologies Inc. (A) stock is $137.41.
