http://www.americanbankingnews.com/getthestreet reissued their buy rating on shares of Seagate (NYSE: STX) in a research report released on Monday morning.
“Seagate Technology (STX) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
,” TheStreet’s analyst commented.
Shares of Seagate opened at 32.34 on Monday. Seagate has a one year low of $21.62 and a one year high of $37.94. The stock’s 50-day moving average is currently $34.13. The company has a market cap of $11.606 billion and a P/E ratio of 4.20.
Several other analysts have also recently commented on the stock. 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. Separately, 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 assigned a hold rating, three have given an underweight rating, and three have assigned a sell rating to the stock. Seagate has an average rating of hold and a consensus price target of $34.49.
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.
