Thursday, March 26, 2015 12:43:27 PM
MAR 26, 2015 Bryan Anderson
In a research note issued to investors, Amit Daryanani at RBC Capital Reiterated their Buy rating on Seagate Technology PLC (NASDAQ:STX). The analyst placed a $62.00 price target on the stock which indicates a 14.03% upside to the last closing price. In the year following Amit’s ratings, the stocks covered yield an average return of 8.7% according to TipRanks.com. In the past year 61 out of 98 recommendations or 62% were successful.
Seagate Technology PLC (NASDAQ:STX) shares opened the most recent trading session at 52.5000 and at the time of writing the last Bid was at N/A. In the current trading session the stock reached as high as 54.2600 and dipped down to 52.1200. Seagate Technology., a NMS listed company, has a current market cap of 17.77B and on average over the past 3 months has seen 3559570 shares trade hands on a daily basis.
On a technical level the stock has a 50 Day Moving Average of 58.3951. Based on a recent trade, this puts the equity at -7.2958% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -21.9961% away from it’s 52-week high of 69.4000 and +11.6410% away from the stock’s low point over the past 52 weeks, which was 48.4900. On a consensus basis, analysts have a one year target price of 63.4300. The company last reported earnings per share of 6.0300.
The consensus analyst estimates according to First Call for the next quarter is 1.1200. The current year EPS estimate on the stock is 4.8700 and the EPS estimate for next year sits at 5.3400. In looking at the fundamentals, STX has a P/E ratio of 8.9776 and a price to book ratio of 4.7455. The company’s Book Value is 11.2970 and most recently reported EBITDA of 2.62B. The price compared to next year’s EPS estimate in the current year is 10.1376.
Company Profile
Seagate Technology PLC (STX) is the provider of electronic data storage products. The Company’s principal products are hard disk drives, commonly referred to as disk drives, hard drives or HDDs. The Company produces a range of disk drive products addressing enterprise applications, where its products are designed for enterprise servers, mainframes and workstations; client compute applications, where its products are designed for desktop and notebook computers, and client non-compute applications, where its products are designed for a range of end user devices, such as digital video recorders (DVRs), personal data backup systems, portable external storage systems and digital media systems. In April 2014, Seagate completed the acquisition of Xyratex Ltd. In September 2014, Seagate Technology PLC completes acquisition of the assets of LSI’s Accelerated Solutions Division (ASD) and Flash Components Division (FCD) from Avago Technologies Limited.
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http://www.markets.co/seagate-technology-plc-nasdaqstx-a-buy-rbc-capital-2/7648/
STX
Recent STX News
- Seagate Technology to Report Fiscal Third Quarter 2024 Financial Results on April 23, 2024 • Business Wire • 04/09/2024 08:05:00 PM
- S&P 500 May Regain Ground Following Three-Day Losing Streak • IH Market News • 03/27/2024 01:17:23 PM
- U.S. Stocks Close Modestly Lower Following Late-Day Pullback • IH Market News • 03/26/2024 08:39:59 PM
- Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News • IH Market News • 03/26/2024 11:20:49 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:08:33 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/04/2024 09:14:44 PM
- Seagate Launches New E-commerce Website in the United States • Business Wire • 02/26/2024 04:19:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:02:44 PM
- Seagate to Participate in Upcoming Investor Event • Business Wire • 02/21/2024 09:05:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 03:13:47 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/09/2024 10:46:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:09:28 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/06/2024 02:36:34 PM
- OORT Collaborates with Seagate Lyve Services to Strengthen AI-Focused Decentralized Cloud Services • PR Newswire (US) • 01/31/2024 01:41:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/26/2024 09:09:01 PM
- Wall Street Highlights: Nokia’s Margins Surprise, FAA Halts Boeing Production Expansion, and More • IH Market News • 01/25/2024 11:25:22 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 09:07:30 PM
- Seagate Technology Reports Fiscal Second Quarter 2024 Financial Results • Business Wire • 01/24/2024 09:05:00 PM
- Wall Street Highlights: eBay Slashes 9% of Workforce, SAP to Reduce 8,000 Positions, and More • IH Market News • 01/24/2024 11:06:14 AM
- Seagate Reports on Progress Towards Global Diversity, Equity, and Inclusion Objectives • Business Wire • 01/23/2024 01:00:00 PM
- Seagate’s Breakthrough 30TB+ Hard Drives Ramp Volume, Marking an Inflection Point in the Storage Industry • Business Wire • 01/17/2024 11:00:00 AM
- Seagate Technology to Report Fiscal Second Quarter 2024 Financial Results on January 24, 2024 • Business Wire • 01/10/2024 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/02/2024 09:11:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/14/2023 09:42:13 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/13/2023 11:35:42 PM
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