Seagate Technology PLC Receives Consensus Rating of “Buy” from Brokerages (NYSE:STX)
Shares of Seagate Technology PLC (NYSE:STX) have received an average rating of “Buy” from the twenty-three ratings firms that are presently covering the stock, AnalystRatings.Net reports. Nine investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $57.42.
In other Seagate Technology PLC news, CEO Stephen Luczo unloaded 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $57.00, for a total transaction of $5,700,000.00. Following the completion of the transaction, the chief executive officer now directly owns 112,130 shares of the company’s stock, valued at approximately $6,391,410. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Seagate Technology PLC (NYSE:STX) traded up 0.21% on Tuesday, hitting $54.934. The stock had a trading volume of 187,467 shares. Seagate Technology PLC has a one year low of $33.22 and a one year high of $62.76. The stock has a 50-day moving average of $53.11 and a 200-day moving average of $51.66. The company has a market cap of $18.060 billion and a price-to-earnings ratio of 12.34.
Seagate Technology PLC (NYSE:STX) last released its earnings data on Monday, January 27th. The company reported $1.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.39 by $0.07. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts predict that Seagate Technology PLC will post $5.11 earnings per share for the current fiscal year.
STX has been the subject of a number of recent research reports. Analysts at Argus upgraded shares of Seagate Technology PLC from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $65.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Needham & Company LLC reiterated a “buy” rating on shares of Seagate Technology PLC in a research note on Tuesday, April 1st. Finally, analysts at Zacks downgraded shares of Seagate Technology PLC from an “outperform” rating to a “neutral” rating in a research note on Friday, February 21st. They now have a $53.00 price target on the stock.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
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