Royal Bank of Canada Boosts Seagate Technology (STX) Price Target to $48.00

Us Bank & Trust De has 0% invested in Seagate Technology plc (NASDAQ:STX) for 13,633 shares. The data storage provider reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.86 by $0.10. On Tuesday, October 24 the stock rating was maintained by RBC Capital Markets with "Hold". KeyCorp also issued estimates for Seagate Technology's Q3 2019 earnings at $1.17 EPS and FY2019 earnings at $4.72 EPS. For the past 5 years, the company's revenue has grown 5.6%, while the company's earnings per share has grown -14.1%. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The company's quarterly revenue was down 5.9% on a year-over-year basis. RBC Capital Markets increased their target price on Seagate Technology PLC from $40.00 to $45.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 25th.

Craig Hallum reaffirmed their buy rating on shares of Seagate Technology (NASDAQ:STX) in a research report released on Tuesday, The Fly reports. Their 52-Week High and Low are noted here. Deutsche Bank maintained the shares of Monday in report on Thursday, September 15 with "Buy" rating. Four equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Vetr downgraded Seagate Technology from a buy rating to a hold rating and set a $41.79 price target for the a report on Thursday, November 23rd.

Media coverage about Seagate Technology (NASDAQ:STX) has been trending somewhat positive this week, according to Accern Sentiment. The company's stock had a trading volume of 6,246,500 shares, compared to its average volume of 6,919,800.

Over the past 50 days, Seagate Technology plc stock's -1.40% off of the high and 35.86% removed from the low. The company has a debt-to-equity ratio of 4.03, a current ratio of 1.96 and a quick ratio of 1.55. The stock has a market capitalization of $14,890.00, a P/E ratio of 18.56, a PEG ratio of 0.57 and a beta of 1.68.

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Short-term as well long term shareholders always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 2.00 as current ratio and on the opponent side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 4.03.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is now sitting at 26. The ex-dividend date was Tuesday, December 19th. Dupont Cap Corporation stated it has 0% of its portfolio in Seagate Technology plc (NASDAQ:STX).

In related news, insider Jeffrey D. Nygaard purchased 5,000 shares of the business's stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $40.00, for a total value of $316,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 194,744 shares of company stock valued at $9,075,320 over the last 90 days. -3.84% away from the high and 60.15% from the low. The disclosure for this sale can be found here.

The company had seen its current volume reaching at 4.04 million shares in the last trade. After a recent check, it is observed that the insiders for the firm now own 0.20% shares.

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Several hedge funds and other institutional investors have recently bought and sold shares of STX. ValueAct Holdings L.P. increased its position in shares of Seagate Technology by 55.3% in the third quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider's stock worth $142,000 after purchasing an additional 3,638 shares during the last quarter. Grantham Mayo Van Otterloo & Company Ltd Llc reported 0.01% in Seagate Technology plc (NASDAQ:STX). 1 analysts recommended Overweight these shares while 2 recommended Underweight, according to FactSet data.

ILLEGAL ACTIVITY NOTICE: "Somewhat Positive Media Coverage Somewhat Unlikely to Impact Seagate Technology (NASDAQ:STX) Share Price" was originally posted by Week Herald and is the property of of Week Herald. Ksa Mngmt Lc has 3.07% invested in Seagate Technology plc (NASDAQ:STX) for 18,000 shares. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider's stock worth $184,000 after purchasing an additional 5,347 shares during the last quarter. Jarislowsky Fraser Ltd stated it has 0.01% of its portfolio in Seagate Technology plc (NASDAQ:STX).

Now investors want to know the actual market worth of the company in the Stock Market. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of USA & worldwide copyright and trademark legislation.

Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It offers a range of disk drive products for the enterprise, client compute and client non-compute market applications. 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.

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