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TheStreet Open House

Analysts Weigh In On Agilent Technologies' (A) Lower Guidance

NEW YORK (TheStreet) -- Agilent Technologies (A) was dumping share value on Friday after management issued soft guidance causing several analyst firms to revise estimates and price targets.

The leading developer of electric measuring tools expects net income between 71 cents and 73 cents a share for the three months to April. Sales are forecast between $1.72 billion and $1.74 billion.

Analysts surveyed by Thomson Reuters forecast earnings of 81 cents a share on $1.78 billion in sales.

Jefferies reiterated a "buy" rating but cut its price target by a dollar to $66.

"We expect shares of A to open lower on the recalibrated FY14 outlook, though such a pullback would offer a compelling entry point ahead of accelerating 2H14 trends & a value-enhancing spin (Nov. 2014)," wrote analysts in the note.

UBS reiterated a "buy" and price target of $65, but downwardly revised earnings estimates. For the second quarter ending April, the firm estimates 74 cents a share from 82 cents a share. In its third quarter, earnings of 80 cents a share were cut to 78 cents a share.

Must Read: Agilent Technologies Reports First Quarter

TheStreet Ratings team rates AGILENT TECHNOLOGIES INC as a Buy with a ratings score of A. The team has this to say about their recommendation:

"We rate AGILENT TECHNOLOGIES INC (A) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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