Stock price movements
On May 14, Agilent Technologies (A) reported its second-quarter results. Its revenue rose 2.65% YoY (year-over-year) on a reported basis to $1.24 billion, missing analysts’ estimate by $30.82 million. Agilent’s core revenue grew 4% YoY, boosted by 190 basis points due to mergers and acquisitions and partly offset by 320 basis points due to currency fluctuation.
In the second quarter, Agilent’s non-GAAP EPS rose 9.23% YoY to $0.71, missing analysts’ estimate by $0.01. Agilent stock closed at $67.64 on May 15, 11.01% below its previous close. On May 16, the stock closed at $69.30, 2.45% above its previous close, 14.70% above its 52-week low of $60.42, and 15.77% below its 52-week high of $82.27. The company’s market capitalization was $21.98 billion, and its PE, forward PE, PEG (PE-to-growth), PS (price-to-sales), PB (price-to-book), and PC (price-to-cash) ratios were 19.32x, 20.32x, 1.81x, 4.41x, 4.38x, and 10.68x, respectively. Agilent’s 14-day RSI (relative strength index) score is 32.23. It has 317.10 million outstanding shares, and its short float ratio is 1.17%.
Analysts’ recommendations and target price
Of the 14 analysts covering Agilent Technologies, five recommend “strong buy,” eight recommend “buy,” and one recommends “hold.” Their highest and lowest price estimates for Agilent are $90 and $79, respectively. Analysts raised their average 12-month target price for the stock from $79.20 in February to $85.31 in March and $88.42 in April, but then reduced it to $84 in May, which implies a 21.21% upside based on the stock’s May 16 closing price.