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How Seagate Is Trading Compared to Analyst Price Target Estimate

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Aug. 18 2020, Updated 5:14 a.m. ET

Seagate’s stock returns

Seagate Technology (STX) has returned 27% in the trailing-12-month period, 7.4% in the past month, and -4.2% in the trailing-five-day period. Seagate stock rose 13% in 2016 and generated returns of just less than 17% in 2017. Seagate stock, however, has risen more than 37% since the start of 2018, despite the technology sell-off in early February and the week that ended March 23, 2018.

In comparison, Western Digital (WDC), International Business Machines (IBM), Hewlett Packard Enterprise (HPE), and NetApp (NTAP) have generated returns of 20%, -4%, 9%, and 60%, respectively, in 2017.

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Analysts’ recommendations and price targets

Of the 29 analysts tracking Seagate stock, three have recommended a “buy,” 21 have recommended a “hold,” and five have recommended a “sell.” Analysts’ 12-month average price target for Seagate is $52.91 with a median target estimate of $52. Seagate is trading at a premium of 9% to analysts’ median estimate.

Moving averages

On March 27, 2018, Seagate closed the trading day at $57.37. Based on that price, the stock’s moving averages are as follows:

  • 21% above its 100-day moving average of $47.59
  • 5.6% above its 50-day moving average of $54.35
  • 1% below its 20-day moving average of $57.93

Seagate is now trading 87% above its 52-week low of $30.60 and 6% below its 52-week high of $61.01.

RSI and MACD

Seagate’s 14-day MACD (moving average convergence divergence) is 1.8. A stock’s MACD marks the difference between its short-term and long-term moving averages. Seagate’s positive MACD indicates an upward trading pattern.

Seagate has a 14-day RSI (relative strength index) of 55, which shows that the stock is trading close to overbought territory. An RSI of above 70 indicates that a stock has been overbought, while an RSI of below 30 suggests that a stock has been oversold.

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