Seagate Technology PLC Hits New 12-Month High at $62.95 (STX)
Seagate Technology PLC (NYSE:STX) shares hit a new 52-week high during mid-day trading on Friday , American Banking News.com reports. The stock traded as high as $62.95 and last traded at $62.78, with a volume of 830,567 shares traded. The stock had previously closed at $62.09.
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 $62.00 to $64.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Seagate Technology PLC currently has a consensus rating of “Buy” and a consensus target price of $63.35.
The stock’s 50-day moving average is $59.13 and its 200-day moving average is $54.86. The company has a market cap of $20.485 billion and a price-to-earnings ratio of 13.74.
Seagate Technology PLC (NYSE:STX) last issued its quarterly earnings data 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.
In other Seagate Technology PLC news, CFO Malley Patrick J. O sold 62,916 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $60.89, for a total value of $3,830,955.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
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