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.
Many analysts weighed in on price targets for STX. The most optimistic price target was 57, which equates to a potential upside of 74.79 percent. The lowest price target was 34, implying potential capital losses of 4.26 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
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. Over the past 30 days, FY earnings estimates have also changed downwards by -7.81 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -7.88 percent.
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. Also over the last month, 2 analysts increased their estimates for the FY earnings, compared to 7 analysts that revised their FY estimates downwards.
STX has an estimated earnings growth rate of 58.59 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, 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 last 52-weeks, STX has achieved a high of 50.96 and a low of 30.09. Today's price is 8.37 percent above the 52-week low, and below the high by 36.01 percent. 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 will post this quarters earnings in days, on 0000-00-00.