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.
Investment analysts gave a few price targets for STX. The most optimistic analyst gave a price target of 57, which equates to a potential upside of 74.79 percent. The most pessimistic price target was 34, implying potential capital losses of 4.26 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -11.45 percent. The average change in earnings estimates over the last 90 days is -11.45 percent. Meanwhile, fiscal year estimates have been revised downwards by -7.81 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -7.88 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 6 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 7 analysts made negative revisions to their fiscal year's estimates.
STX has an estimated earnings growth rate of 58.59 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of STX is 0.22.
In the last 52-weeks, STX has achieved a high of 50.96 and a low of 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.