Analyst Ratings for Seagate Technology PLC (STX)

Updated: 2017-07-29

An average rating of Hold has been given to Seagate Technology PLC (NASDAQ:STX) by analysts covering the stock. A consensus rating of Hold was previously issued for STX last month.

Of the 31 analysts covering the stock, 8 gave it a buy rating, 0 gave an overweight rating, 20 gave a hold rating, 1 issued an underweight rating, and 2 gave a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 1.

Several price targets were given for STX by the analysts covering the stock. The maximum price target given was 57, implying a possible profit of 74.79 percent. The lowest price target was 34, which equates to a potential downside of 4.26 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -11.45 percent. That number becomes -11.45 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -7.81 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -7.88 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 6 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, compared to 7 analysts that revised their FY estimates downwards.

The growth rate of STX's earnings is estimated by analysts to be 58.59 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. STX has a PEG ratio of 0.22.

In the trailing 52-weeks, STX hit 50.96 at the highest peak, while it's lowest trading point was 30.09. Currently the stock is 8.37 percent higher than its low, and 36.01 percent lower than its 52-week high. STX has a P/E ratio of 12.64. Investors typically compare the P/E ratio to a company's peers in the industry. The STX value stock report compares STX to some of its peers using value stock charts. The market cap of STX is $9.51 billion. STX will post this quarters earnings in days, on 0000-00-00.