Seagate Technology PLC Receives Average Recommendation of “Buy” from Brokerages (NYSE:STX)
Seagate Technology PLC (NYSE:STX) has been given a consensus rating of “Buy” by the eighteen analysts that are presently covering the company, AnalystRatings.NET reports. Six investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $63.24.
STX has been the subject of a number of recent research reports. 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) opened at 60.365 on Tuesday. Seagate Technology PLC has a 52 week low of $37.17 and a 52 week high of $62.76. The stock’s 50-day moving average is $58.85 and its 200-day moving average is $54.52. The company has a market cap of $19.728 billion and a P/E ratio of 13.37.
Seagate Technology PLC (NYSE:STX) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.20 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts predict that Seagate Technology PLC will post $5.36 earnings per share for the current fiscal year.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
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