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Is this Large Market Cap Stock target price reasonable for Seagate Technology plc (NASDAQ:STX)?

The company in question is, Seagate Technology plc (NASDAQ:STX) currently with a stock price of 35.16 (-0.06% today). The market cap for Seagate Technology plc is 10552.92, and is in the sector Technology, and Data Storage Devices industry. The target price for Seagate Technology plc is 37.27. Currently Seagate Technology plc is trading with a P/E of 42.67, and a forward P/E of 10.02. Average volume for Seagate Technology plc is 4811.16 and so far today it is 5395700.

Performance in the last year for Seagate Technology plc has been -7.63%. For EPS growth, Seagate Technology plc has seen a growth of -84.40%, and is looking to grow in the next year to 2.99%. More long term stats show that EPS growth has been -5.60% over the last five years and could be 8.50% for the next five years. Seagate Technology plc has seen sales growth quarter over quarter at -9.40%, with EPS growth quarter over quarter at -45.00%. The 20-day simple moving average is 1.83%, with the 200-day simple moving average coming to 20.98%.

Since the IPO date for Seagate Technology plc on the 12/11/2002, Seagate Technology plc has seen performance year to date to be 2.78%. With Seagate Technology plc trading at 35.16, the dividend yield is 7.17%, and the EPS is 0.82.

So could Seagate Technology plc, be undervalued? Well as said before P/E is 42.67. The PEG is 5.02, P/S is 0.95 and the P/B is at 6.54. The P/cash is 9.33, with P/free cash flow at 28.83.

Seagate Technology plc ability to deal with debt shows that the current ratio is 1.6, and the quick ratio is 1.2. This is with long term debt/equity at 2.59, and total debt/equity at 0.

In terms of margins, Seagate Technology plc has a gross margin of 23.40%, an operating margin of 4.00% and a profit margin of 2.20%.Payout ratio for Seagate Technology plc is 292.60%. Return on assets come to 2.90% with return on investment coming to 7.30%.

Insider ownership for Seagate Technology plc, is at 0.10% and institutional ownership comes to 89.00%. Outstanding shares are at 300.14. While shares float is 297.93. The float short is currently 10.84%, and short ratio is 6.71.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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