Shares of Seagate Technology PLC (NASDAQ:STX) have been given a consensus recommendation of “Hold” by the thirty-four analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $49.71.
Several research analysts have commented on the stock. Vetr downgraded shares of Seagate Technology from a “strong-buy” rating to a “buy” rating and set a $56.12 price target on the stock. in a research note on Wednesday, February 14th. Stifel Nicolaus reissued a “hold” rating and set a $49.00 price target on shares of Seagate Technology in a research note on Thursday, February 22nd. Maxim Group reissued a “hold” rating and set a $44.00 price target (up from $43.00) on shares of Seagate Technology in a research note on Tuesday, January 9th. BMO Capital Markets lifted their price target on shares of Seagate Technology to $53.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 30th. Finally, Robert W. Baird lifted their price target on shares of Seagate Technology from $40.00 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th.
In related news, CFO David H. Morton, Jr. sold 40,263 shares of Seagate Technology stock in a transaction on Monday, January 8th. The shares were sold at an average price of $48.78, for a total value of $1,964,029.14. Following the sale, the chief financial officer now owns 65,824 shares in the company, valued at $3,210,894.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen J. Luczo sold 341,738 shares of Seagate Technology stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $55.00, for a total transaction of $18,795,590.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 774,906 shares of company stock worth $41,526,491. 0.87% of the stock is currently owned by company insiders.
Seagate Technology (NASDAQ:STX) opened at $52.87 on Wednesday. The company has a market cap of $15,150.00, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 0.71 and a beta of 1.88. Seagate Technology has a one year low of $30.60 and a one year high of $56.45. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.25 and a current ratio of 1.58.
Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Monday, January 29th. The data storage provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.39 by $0.09. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.86 billion. Seagate Technology had a net margin of 6.10% and a return on equity of 93.35%. The business’s revenue was up .7% compared to the same quarter last year. During the same period last year, the firm posted $1.38 earnings per share. sell-side analysts predict that Seagate Technology will post 4.87 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Tuesday, March 20th. Seagate Technology’s dividend payout ratio (DPR) is currently 115.07%.
ILLEGAL ACTIVITY WARNING: “Seagate Technology PLC (STX) Given Average Rating of “Hold” by Analysts” was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3227830/seagate-technology-plc-stx-given-average-rating-of-hold-by-analysts.html.
Seagate Technology Company Profile
Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.
Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.