Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $31.82 on Seagate Technology. (NASDAQ:STX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.99 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Seagate Technology. (NASDAQ:STX) stands at 39.23.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Seagate Technology PLC, the PEG ratio for coming 3-5 years is -1.05.
The technical analysis highlights that Seagate Technology PLC current is trading $1.62 points away or +5.30% from its 50-day moving average of $30.55. Further it is trading $3.91 or +13.84% away its 200-day moving average of $28.26.
The 52-week high of Seagate Technology. (NASDAQ:STX) was $52.12 while lowest point recorded in 52-week was $18.42. It implies if stock price makes a movement of over $-19.95, it will record a new 52-week high. In the case of +74.65% drop, it will touch a new 52-week low.
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