Currently, the stock carries a price to earnings ratio of 18.68, a price to book ratio of 3.99, and a price to sales ratio of 0.21. Jefferies Group’s price objective would indicate a potential upside of 12.03% from the company’s current price. Craig Hallum have set their target price at 50 Dollars on its stock. Zacks Investment Research raised shares of Seagate Technology PLC from a hold rating to a strong-buy rating and set a $39.00 price objective on the stock in a research report on Wednesday, August 31st. Seagate Technology plc is up 41.98% in the last 3-month period.
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Analysts have consensus one year price target of $25.33.
Seagate Technology. (STX): Traders are bullish on Seagate Technology. The forecast of 6 polled investment analysts covering the stock advises investors to Buy stake in the company. Seagate Technology PLC has a consensus rating of “Hold” and a consensus target price of $33.69. On the other hand, in the March 2016 quarter the company recorded a net $2.59B revenue with earnings per share of $0.22. During the same period past year, the company earned $0.77 earnings per share. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. “0” brokerage firms have suggested “Sell” for the company. Thomson Reuters’ First Call, which many consider to be the benchmark for EPS and consensus data, now have the price target listed as $32.74. The stock’s weekly volatility was 1.97% and the RSI amounts to 56.80. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC boosted its position in Seagate Technology PLC by 30.2% in the second quarter. Cutler Capital Management LLC now owns 8,000 shares of the data storage provider’s stock worth $195,000 after buying an additional 1,000 shares in the last quarter.
The ValueAct position that has gained the most attention in the previous year has been a longtime holding in Valeant Pharmaceuticals International Inc, whose shares have plunged almost 90 percent since it was embroiled in a scandal involving its accounting practices.
Seagate Technology PLC (NASDAQ:STX) traded up 1.62% during midday trading on Tuesday, reaching $34.47.
The company has a 50 day moving average of 32.17 and a 200 day moving average of 28.41. The corporation has a market capitalization of US$10.78 Billion. (NASDAQ:STX) will come out with its quarterly earnings issue. The company earned $2.65 billion during the quarter, compared to the consensus estimate of $2.32 billion. This represents a $2.52 annualized dividend and a yield of 7.43%.
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These two new products represent the high performance end of Seagate’s Enterprise portfolio – a complete ecosystem of HDD, SSD and storage system products created to help customers manage the deluge of data they face and move the right data where it’s needed fast to meet rapidly evolving business priorities and market demands. The Company’s products are hard disk drives (HDD).
