Technology

Analysts’ Recommendation on Seagate Technology PLC (NASDAQ:STX)

Seagate Technology PLC (NASDAQ:STX) shares traded 0.12% during the most recent session the stock exchanged hands 7.38M shares versus average trading capacity of 5.68M shares, yielding a market cap of $12.40B. Wall Street analysts covering the stock are projecting that the stock will reach $46.58 within the next 52-weeks. The mean target projections are based on 24 opinions, the mean target was last revised on 04/27/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Seagate Technology PLC (NASDAQ:STX) high price target of $57.00 and with a conservative view have low price target of $34.00 with a standard deviation of $7.75. If seeing target price from optimistic overview then it has a 35 percent upside potential from the latest closing price of $42.18.

Seagate Technology PLC (NASDAQ:STX) received “Reiterated” rating by RBC Capital Mkts in a research note issued to investors on Apr-27-17 as Sector Perform from $50 to $45.

Additionally on Apr-27-17 Seagate Technology PLC (NASDAQ:STX) was “Reiterated” by Needham as Strong Buy from $55 to $57 and on Apr-26-17 the stock was “Reiterated” by Cowen as Market Perform from $46 to $45. Furthermore on Apr-11-17 the stock was “Upgraded” by Longbow from Neutral to Buy.

On the other hand the company has Relative Strength Index (RSI 14) of 32.19 along with Average True Range (ATR 14) of 1.62, Consequently Seagate Technology PLC (NASDAQ:STX) weekly and monthly volatility is 3.66%, 2.70% respectively. The company’s beta value is at 1.89.

In terms of Buy, Sell or Hold recommendations, Seagate Technology PLC (NASDAQ:STX) has an analysts’ mean recommendation of 2.70. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Seagate Technology PLC (NASDAQ:STX) will report earnings of $0.99 for the current quarter, however the company’s high EPS estimates are $1.07 and low estimates are $0.89. However the company reported $0.69 earnings per share for the same quarter during last year.

Previously Seagate Technology PLC (NASDAQ:STX) reported $1.10 earnings per share (EPS) for the quarter on 4/26/2017 After Market Close, beating the consensus estimate of $1.06 by $0.04. The company posted an earnings surprise of 3.77%.

While considering growth estimates of the company, it has next quarter growth estimates of 18.20% whereas during current quarter it has 43.50% estimations over growth, comparing to the estimations of 96.00% during current year and 4.30% for next year. Past 5 years growth of Seagate Technology PLC (NASDAQ:STX) observed at 20.91%, looking forward for the next 5 years it has a strong prediction of 17.56% over growth.

Seagate Technology PLC (NASDAQ:STX) revenue estimates for the current quarter are $2.57B according to 24 number of analysts, for the current quarter the company has high revenue estimates of $2.65B in contradiction of low revenue estimates of $2.5B. For the current year the company’s revenue estimates are $10.94B compared to low analyst estimates of $10.87B and high estimates of $11.04B according 28 number of analysts.

Currently Seagate Technology PLC (NASDAQ:STX) shares owned by insiders are 0.10%, whereas shares owned by institutional owners are 94.50%. However the six-month change in the insider ownership was recorded -32.60%, as well as three-month change in the institutional ownership was recorded 0.77%.

Seagate Technology PLC (NASDAQ:STX) trading -17.23% away from its 52 week high of $50.96 and +140.07% far from the stock’s low point over the past 52 weeks, which was $17.57. The stock hit its 52-week high on 04/25/17, and 52-week low on 05/12/16. The company’s trailing twelve month income is 728.00M dollars and is paying 5.97% dividend yield annually.

Seagate Technology PLC (NASDAQ:STX) trailing twelve month revenues are $11.02B, whereas its price to sales ratio for the same period is 1.13. Its book value per share for the most recent quarter is $5.43 while its price to book ratio for the same period is 7.77, as for as the company’s cash per share for the most recent quarter is $10.21, however its price to cash per share ratio for the same period is 4.13. The stock has a current PEG ratio of 0.99 where as its trailing twelve month P/E ratio is 17.32.

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