JPMorgan upgraded Seagate Tech (NASDAQ:STX) from Underweight to Neutral in a report released today.
- Updated: October 11, 2016
JPMorgan has upgraded Seagate Tech (NASDAQ:STX) from Underweight to Neutral in a report released on 10/11/2016.
Previously on 10/7/2016, BTIG Research released a statement about Seagate Tech (NASDAQ:STX) increased the target price from $36.00 to $45.00. At the time, this indicated a possible upside of 0.18%.
Just yesterday Seagate Tech (NASDAQ:STX) traded -5.81% lower at $37.97. Seagate Tech’s 50-day moving average is $35.86 and its 200-day moving average is $28.94. The last stock price is up 23.58% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 6,072,230 shares of STX traded hands, up from an average trading volume of 5,130,260
Recent Performance Chart
Seagate Tech has 52 week low of $18.42 and a 52 week high of $49.43 with a PE ratio of 43.62 and has a market capitalization of $0.
In addition to JPMorgan reporting its stock price target, a total of 25 brokerages have issued a ratings update on the company. The average stock price target is $27.84 with 4 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 20 brokerages rating the stock a hold, 3 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On 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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