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.

STX was given price targets by several analysts. The most optimistic price target was 57, implying potential capital gains of 74.79 percent. The minimum price target given was 34, implying a possible loss of 4.26 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates downwards for this quarter, by about -11.45 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -11.45 percent. Meanwhile, fiscal year estimates have been revised downwards by -7.81 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -7.88 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 6 analysts that decreased their estimates. 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.

Analysts estimate earnings of STX to grow at a rate of 58.59 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. STX has a PEG ratio of 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 below the high. STX has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.