Seagate Technology PLC (NASDAQ:STX) has been upgraded to Strong-Buy in a report by Needham & Company LLC today.
- Updated: October 11, 2016
Needham & Company LLC has upgraded Seagate Technology PLC (NASDAQ:STX) to Strong-Buy in a statement released on Tuesday October 11, 2016.
Previously on 10/07/2016, BTIG Research released a statement for Seagate Technology PLC (NASDAQ:STX) upped the target price from $36.00 to $45.00 that suggested an upside of 0.18%.
Yesterday Seagate Technology PLC (NASDAQ:STX) traded -5.81% lower at $37.97. The company’s 50-day moving average is $35.86 and its 200-day moving average is $28.94. With the last close up 23.58% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 6,072,230 shares of Seagate Technology PLC traded, up from an avg. volume of 5,130,260
With a market capitalization of $0, Seagate Technology PLC has PE ratio of 43.62 with a one year low of $18.42 and a one year high of $49.43 .
A total of 25 firms have issued a report on STX. Four brokerages rating the stock a strong buy, 4 brokerages rating the company a buy, twenty brokers rating the stock a hold, 3 brokers rating the stock a underperform, and finally 1 firm rating the stock a sell with a consensus target price of $27.84.
More About Seagate Technology PLC (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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