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Where Seagate Is Trading Compared to Analyst Estimates

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Dec. 4 2020, Updated 10:52 a.m. ET

Analyst recommendations

Of the 30 analysts covering Seagate (STX), eight have recommended a “buy” for the stock, while two have recommended a “sell,” and 20 have recommended a “hold.”

Analysts have an average 12-month target price of $46.48, with a median target of $45 for Seagate. This means Seagate is trading at a discount of 12% to median analyst estimates. 

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Stock trends

Seagate has generated returns of -5.5% in the trailing-one-month period and 78% in the trailing-12-month period. The stock has increased 5.3% since the start of calendar 2017 after rising 13.4% in 2016. The stock has declined 3.6% in the past five trading days.

By comparison, peer storage technology (QQQ) companies NetApp (NTAP), Hewlett Packard Enterprise (HPE), and Western Digital (WDC) have generated investor returns of 75%, 30%, and 112%, respectively, in the trailing-12-month period.

Moving averages

On June 28, 2017, STX closed the trading day at $40.18. Based on this figure, here’s how the stock fared in terms of its moving averages:

  • 10.8% below its 100-day moving average of $45.03
  • 6.6% below its 50-day moving average of $43.02
  • 4% below its 20-day moving average of $41.84

MACD and RSI

Seagate’s MACD (moving average convergence divergence) is -0.51. Remember, MACD measures the difference between a stock’s short-term and long-term moving averages. A negative MACD figure indicates a downward trading trend.

Seagate’s RSI (relative strength index) is 37, which indicates that the stock is close to oversold territory. Generally, if an RSI is above 70, it indicates that a stock has been overbought. An RSI of below 30 suggests that a stock has been oversold.

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