Seagate Now Covered by Longbow Research (STX)
Seagate opened at 34.94 on Monday. Seagate has a 52-week low of $21.62 and a 52-week high of $37.94. The stock’s 50-day moving average is currently $33.9. The company has a market cap of $12.539 billion and a price-to-earnings ratio of 4.54.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a buy rating on shares of Seagate in a research note to investors on Monday, March 4th. Separately, analysts at Barclays Capital downgraded shares of Seagate from an equal weight rating to an underweight rating in a research note to investors on Thursday, January 31st. They now have a $29.00 price target on the stock, down previously from $32.00. Finally, analysts at Zacks reiterated a neutral rating on shares of Seagate in a research note to investors on Wednesday, January 30th. They now have a $36.00 price target on the stock.
Three analysts have rated the stock with a buy rating, seventeen have given a hold rating, three have issued an underweight rating, and three have issued a sell rating to the company’s stock. Seagate presently has a consensus rating of hold and an average price target of $34.49.
Seagate Technology plc (Seagate) 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.
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