NEW YORK (TheStreet) -- BMO Capital Markets raised its price target for Seagate Technology to $55 from $54 on Monday, reiterating its "market perform" rating for the computer hard drive manufacturer. The analyst firm raised its 2015 EPS estimates for the company to $4.80 a share from its previous estimate of $4.72 a share. BMO also raised its 2016 EPS estimates for Seagate to $4.84 a share from $4.82 a share. BMO analysts Keith Bachman and Jung Pak said they believe PV unit volume should increase in the second half of 2015 as companies replenish inventory for the launch of Microsoft's MSFT Windows 10. That replenishment should also help drives of Seagate's drives. The analysts also highlighted that Seagate is managing its expenses for the PC market's current lower unit volumes and that it's "aggressively buying back stock." --------------- Separately, TheStreet Ratings team rates SEAGATE TECHNOLOGY PLC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate SEAGATE TECHNOLOGY PLC (STX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, good cash flow from operations, impressive record of earnings per share growth and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins." Highlights from the analysis by TheStreet Ratings Team goes as follows: The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Computers & Peripherals industry. The net income increased by 118.0% when compared to the same quarter one year prior, rising from $428.00 million to $933.00 million. STX's revenue growth trails the industry average of 32.9%. Since the same quarter one year prior, revenues slightly increased by 4.8%. Growth in the company's revenue appears to have helped boost the earnings per share. Net operating cash flow has significantly increased by 68.57% to $1,443.00 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 53.02%. SEAGATE TECHNOLOGY PLC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, SEAGATE TECHNOLOGY PLC reported lower earnings of $4.52 versus $4.79 in the prior year. This year, the market expects an improvement in earnings ($4.81 versus $4.52). In its most recent trading session, STX has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year. You can view the full analysis from the report here: STX Ratings Report Must Read: Warren Buffett's Top 25 Stocks for 2015
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