Investment Thesis
We have a Buy rating on Agilent (A). We like its growth prospects including its new products and growing markets. We love its financials, particularly its pristine balance sheet and cash generative ability as well as its impressive margin expansion. We think that the recent sell-off presents an opportunity that investors should take advantage of. We view the price as an average valuation for an above-average company. We see multiple catalysts going forward including increasing shareholder friendliness and continued margin expansion.
A Steady Growth Company in Large and Attractive Markets
Agilent