Seagate Now Covered by Longbow Research (STX)

Longbow Research assumed coverage on shares of Seagate (NYSE: STX) in a report released on Monday. The firm issued a neutral rating on the stock.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.