Seagate Technology PLC Receives Average Recommendation of “Buy” from Brokerages (NYSE:STX)
Shares of Seagate Technology PLC (NYSE:STX) have received an average rating of “Buy” from the eighteen brokerages that are presently covering the stock, Analyst Ratings Network.com reports. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $63.24.
In other Seagate Technology PLC news, CEO Stephen J. Luczo sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $56.60, for a total value of $2,830,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Seagate Technology PLC in a research note on Monday, July 21st. They now have a $62.00 price target on the stock. Separately, analysts at Craig Hallum upgraded shares of Seagate Technology PLC from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Seagate Technology PLC from $55.00 to $60.00 in a research note on Friday, July 18th. They now have a “neutral” rating on the stock.
Seagate Technology PLC (NYSE:STX) remained flat at $59.22 during during mid-day trading trading on Tuesday. The stock had a trading volume of 116,518 shares. Seagate Technology PLC has a 52 week low of $37.17 and a 52 week high of $62.76. The stock has a 50-day moving average of $58.67 and a 200-day moving average of $54.3. The company has a market cap of $19.354 billion and a P/E ratio of 13.10.
Seagate Technology PLC (NYSE:STX) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.09 by $0.01. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the company posted $1.20 earnings per share. Seagate Technology PLC’s revenue was down 3.6% compared to the same quarter last year. On average, analysts predict that Seagate Technology PLC will post $5.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Investors of record on Friday, August 8th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, August 6th.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
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