Investopedia: If The Economy Holds, Agilent Is A Buy

Put succinctly, Wall Street is still freaked out about the course of the global economy in 2012. As a result, a long list of companies are trading below what seems like a rational fair value, and Agilent (NYSE:A) is clearly among them. Although a further economic slowdown would be bad news for both the test and measurement and life sciences businesses, today's price seems to already factor in a lot of that risk.

An Unnerving Close to the Fiscal Year  
Although Agilent's reported results were not bad, it did give nervous investors an excuse to worry a little more. Revenue did rise more than 9% in the fiscal fourth quarter, but the growth rate came in a bit below the expectations of management and many analysts, even if that shortfall could be tied largely to forex moves. Growth was strongest in the electronic measurement segment (up 10% organically), decent in life sciences (up 6%) and sluggish in chemical analysis (up 1%).

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