Seagate Technology PLC PT Raised to $64.00 (STX)
Equities researchers at RBC Capital boosted their price target on shares of Seagate Technology PLC (NYSE:STX) from $62.00 to $64.00 in a research report issued on Wednesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target points to a potential upside of 5.51% from the stock’s previous close.
Seagate Technology PLC (NYSE:STX) opened at 60.66 on Wednesday. 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 $58.96 and its 200-day moving average is $54.76. The company has a market cap of $19.824 billion and a price-to-earnings ratio of 13.42.
Seagate Technology PLC (NYSE:STX) last announced its earnings results 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.
A number of other firms have also recently commented on STX. 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $63.35.
In other Seagate Technology PLC news, Director Chong Sup Park sold 4,251 shares of Seagate Technology PLC stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $60.02, for a total transaction of $255,145.02. The sale was disclosed in a document filed with the SEC, which is available at this link.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
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