Cowen disclosed Seagate Tech (NASDAQ:STX), boosting its price target to $36.00 earlier today
- Updated: October 11, 2016
Displaying a price of $37.97, Seagate Tech (NASDAQ:STX) traded -5.81% lower on the day. With the last close up 23.58% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $35.86 and a 200-day moving average of $28.94. 6,072,230 shares of the stock traded hands, up from an average trading volume of 5,130,260
Reporting a potential downside of -0.05%, Cowen upped the price target of Seagate Tech (NASDAQ:STX) to $36.00
On 10/7/2016, BTIG Research released a statement about Seagate Tech (NASDAQ:STX) upped the target price from $36.00 to $45.00 that suggested an upside of 0.18%.
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Seagate Tech has a 52 week low of $18.42 and a 52 week high of $49.43 with a P/E ratio of 43.62 The company’s market cap is currently $0.
A total of 25 brokers have issued a ratings update on Seagate Tech. 4 firms rating the company a strong buy, four equity analysts rating the company a buy, twenty analysts rating the company a hold, three brokerages rating the stock a underperform, and finally 1 firm rating the stock a sell with a consensus target price of $27.84.
General Information About Seagate Tech (NASDAQ:STX)
Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company's principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers. Its storage technology portfolio also includes storage subsystems and high performance computing solutions. Its products are designed for applications in enterprise servers and storage systems, client compute applications and client non-compute applications. It designs, fabricates and assembles various components found in its disk drives, including read/write heads and recording media. Its design and manufacturing operations are based on technology platforms that are used to produce various disk drive products that serve multiple data storage applications and markets.
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