Agilent Technologies Inc. (NYSE: A) has seen a rise in its stock price by 1.08 in relation to its previous close of 141.27. However, the company has experienced a 2.96% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Is It Worth Investing in Agilent Technologies Inc. (NYSE: A) Right Now?
The price-to-earnings ratio for Agilent Technologies Inc. (NYSE: A) is above average at 34.02x, Company’s 36-month beta value is 1.09.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 7 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for A is 291.82M, and currently, short sellers hold a 1.41% ratio of that floaft. The average trading volume of A on May 09, 2024 was 1.56M shares.
A’s Market Performance
The stock of Agilent Technologies Inc. (A) has seen a 2.96% increase in the past week, with a -3.12% drop in the past month, and a 7.54% gain in the past quarter. The volatility ratio for the week is 2.05%, and the volatility levels for the past 30 days are at 2.40% for A. The simple moving average for the past 20 days is 3.27% for A’s stock, with a 12.04% simple moving average for the past 200 days.
Analysts’ Opinion of A
Many brokerage firms have already submitted their reports for A stocks, with Stifel repeating the rating for A by listing it as a “Buy.” The predicted price for A in the upcoming period, according to Stifel is $163 based on the research report published on April 05, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see A reach a price target of $140. The rating they have provided for A stocks is “Outperform” according to the report published on December 13th, 2023.
BofA Securities gave a rating of “Neutral” to A, setting the target price at $133 in the report published on December 12th of the previous year.
A Trading at 0.45% from the 50-Day Moving Average
After a stumble in the market that brought A to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.79% of loss for the given period.
Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares sank -0.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.73% upper at present.
During the last 5 trading sessions, A rose by +2.96%, which changed the moving average for the period of 200-days by +11.81% in comparison to the 20-day moving average, which settled at $138.21. In addition, Agilent Technologies Inc. saw 2.71% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at A starting from Binns Philip, who sale 2,827 shares at the price of $147.54 back on Mar 25 ’24. After this action, Binns Philip now owns 9,997 shares of Agilent Technologies Inc., valued at $417,096 using the latest closing price.
McMullen Michael R., the CEO and President of Agilent Technologies Inc., sale 52,297 shares at $150.00 during a trade that took place back on Mar 08 ’24, which means that McMullen Michael R. is holding 253,909 shares at $7,844,550 based on the most recent closing price.
Stock Fundamentals for A
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.51 for the gross margin
The net margin for Agilent Technologies Inc. stands at 0.18. The total capital return value is set at 0.14. Equity return is now at value 20.95, with 11.30 for asset returns.
Based on Agilent Technologies Inc. (A), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.75. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 14.39.
Currently, EBITDA for the company is 1.71 billion with net debt to EBITDA at 0.58. When we switch over and look at the enterprise to sales, we see a ratio of 6.36. The receivables turnover for the company is 5.2for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.68.
Conclusion
In a nutshell, Agilent Technologies Inc. (A) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
