Seagate Technology PLC Receives Average Rating of “Buy” from Analysts (NYSE:STX)
Shares of Seagate Technology PLC (NYSE:STX) have earned a consensus recommendation of “Buy” from the twenty analysts that are presently covering the company, Analyst Ratings Network.com reports. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $60.06.
Seagate Technology PLC (NYSE:STX) opened at 59.45 on Tuesday. Seagate Technology PLC has a 1-year low of $37.17 and a 1-year high of $62.76. The stock’s 50-day moving average is $55.96 and its 200-day moving average is $54.12. The company has a market cap of $19.414 billion and a P/E ratio of 13.11.
Seagate Technology PLC (NYSE:STX) last announced its earnings results on Tuesday, April 29th. The company reported $1.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.25 by $0.09. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter last year, the company posted $1.26 earnings per share. Seagate Technology PLC’s revenue was down 3.4% compared to the same quarter last year. On average, analysts predict that Seagate Technology PLC will post $5.04 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on STX shares. Analysts at RBC Capital raised their price target on shares of Seagate Technology PLC from $60.00 to $62.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Needham & Company LLC raised their price target on shares of Seagate Technology PLC from $62.00 to $67.00 in a research note on Monday, July 7th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Seagate Technology PLC in a research note on Friday, June 27th. They now have a $60.00 price target on the stock.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.