Economy

Seagate Technology PLC (STX) Given Average Rating of "Hold" by Analysts

Analysts have given a mean recommendation of 3.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average.

A number of research analysts recently commented on the stock. Windstream Holdings, Inc. (WIN) holds the market capitalization of $338.00M along with 186.74M outstanding shares. Seagate Technology PLC has an average rating of "Hold" and an average price target of $38.77.

Seagate Technology PLC (NASDAQ:STX) last released its earnings results on Monday, October 23rd. Zacks Investment Research upgraded shares of Seagate Technology PLC from a "hold" rating to a "buy" rating and set a $43.00 target price for the company in a report on Thursday, October 26th. Guggenheim reiterated a "hold" rating on shares of Seagate Technology PLC in a report on Monday, October 23rd. If you are accessing this piece on another publication, it was illegally copied and republished in violation of US and worldwide trademark & copyright law. The legal version of this report can be viewed at https://weekherald.com/2017/10/31/seagate-technology-plc-stx-given-average-rating-of-hold-by-analysts.html. The shares were sold at an average price of $36.16, for a total value of $62,050.56. Following the sale, the director now directly owns 3,316 shares of the company's stock, valued at approximately $129,357.16. Active and passive investors always require every bit of information available regarding his chosen security and this include keeping close watch on fundamental and technical data. The shares were purchased at an average price of $37.19. The disclosure for this sale can be found here. AXA now owns 103,000 shares of the data storage provider's stock worth $3,548,000 after buying an additional 3,289 shares during the last quarter.

Several other institutional investors also recently modified their holdings of the stock. Global X Management Co. Teachers Advisors Inc. boosted its position in Seagate Technology PLC by 1.4% in the first quarter. WFG Advisors LP lifted its stake in Seagate Technology PLC by 16,536.4% in the second quarter. Geode Capital Management LLC now owns 2,429,601 shares of the data storage provider's stock worth $83,532,000 after buying an additional 93,659 shares during the last quarter. Pacer Advisors Inc. bought a new position in Seagate Technology PLC in the 2nd quarter valued at about $150,000. "Grows Position in Seagate Technology PLC (STX)" was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. With short interest at 42,178,127 and short average daily volume at 4,281,041, the short-interest ratio is 10.0 and the percentage of shorted shares is 0.15% as of October 13. When looking at the past five sessions, the stock returned -6.79% losses and is down by -8.74% compared with its 200-day moving average of $37.72. The firm has a market cap of $9.75 billion, a P/E ratio of 26.21 and a beta of 1.99.

Seagate Technology plc (NASDAQ:STX) touched its 1-Year High price of $50.96 on 04/25/17 and its 1-Year Low price of $30.60 on 08/23/17. Analysts are turning out to be more pessimistic than before, with 3 of analysts who cover Seagate Technology plc (NASDAQ:STX) advice adding it to buy candidate list. The data storage provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10. Seagate Technology PLC had a net margin of 7.41% and a return on equity of 84.50%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.79 billion. Analysts expect next quarter's EPS to be $0.96 with next year's EPS projected to be $4.14. The company's quarterly revenue was down 5.9% on a year-over-year basis. Equities analysts forecast that Seagate Technology PLC will post $3.72 EPS for the current fiscal year. The company announced a dividend for shareholders that will be paid on Wednesday January 3rd, 2018. Stockholders of record on Wednesday, December 20th will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, December 19th. This represents a $2.52 dividend on an annualized basis and a yield of 7.31%.

Seagate Technology PLC offers a portfolio of hard disc drives, solid state drives and solid state hybrid drives.

The Company also provides data storage services for businesses, including online backup, data protection and recovery solutions.



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