Source: Shutterstock Let’s talk about the popular Agilent Technologies, Inc. ( NYSE:A ). The company’s shares saw a decent share price growth in the teens level on the NYSE over the last few months. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, what if the stock is still a bargain? Let’s examine Agilent Technologies’s valuation and outlook in more detail to determine if there’s still a bargain opportunity. What’s The Opportunity In Agilent Technologies? Agilent Technologies appears to be expensive according to my price multiple model, which makes a comparison between the company’s price-to-earnings ratio and the industry average. In this instance, I’ve used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock’s cash flows. I find that Agilent Technologies’s ratio of 36.76x is above its peer average of 31.08x, which suggests the stock is trading at a higher price compared to the Life Sciences industry. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Agilent Technologies’s share price is quite […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
