Home / Tech & Systems / Stocks Turns on Analysts Forecast: Symantec Corporation (NASDAQ:SYMC), Seagate Technology plc (NASDAQ:STX)

Stocks Turns on Analysts Forecast: Symantec Corporation (NASDAQ:SYMC), Seagate Technology plc (NASDAQ:STX)

Symantec Corporation (NASDAQ:SYMC) [Trend Analysis] knocking active thrust in leading trading session, shares an advance of 0.04% to 25.11 with around 5.18 Million shares have changed hands in this session. Finally to see some strong financial remarks by WSJ over SYMC performance. Out of the pool of analysts 10 gave their BUY ratings on the stock in previous month as 12 analysts having BUY in current month. The stock was ranked as Underweight by 2 analysts while no analyst gave SELL rank. Majority ranked Overweight from the pool of analysts.

The next year first quarter EPS estimates trend for current period shows $0.20 while one month ago this estimate trend was for $0.20. EPS indicator shows the robustness of the stock and its analysis opens up the clear picture of company’s profitability. On annual basis of EPS, FY 2017 Estimate Trends at current were for $1.72 and for the one month was for $1.73 as compared to three months ago was for $1.39. Whereas, SYMC received highest price target of 30.00 and low target of 17.00. The stock price target chart showed average price target of 24.81 as compared to current price of 25.11.

The stock is going forward its fifty-two week low with 72.95% and lagging behind from its 52-week high price with -1.02%. Similar, the positive performance for the quarter recorded as 23.80% and for the year was 62.37%, while the YTD performance remained at 50.79%. SYMC has Average True Range for 14 days of 0.38.

Shares of Seagate Technology plc (NASDAQ:STX) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -0.36% to close at $38.41. Finally, analysts shed their light over the STX price targets; maintaining price high target of 50.00 while at average the price target was 33.22 in contrast with the current price of 38.41. The price targets are usually acts as the boosters or blasters in the performance of stock. A higher price target would definitely provide confidence to investors during the trading action, consideration given by Wall Street Journal.

So does the rankings given by analysts; let us highlight rankings table and we had 6 analysts recommending BUY ratings for current month and for previous month 6 stands on similar situation; while 22 for the current month as compared to 21 analysts recommending for HOLD from the pool for previous month. While 2 analysts gave Underweight and 2 out of pool consider it as Sell for current month. For the overall, consensus ratings were for Hold.

Moving forward to saw long-term intention, the experts calculate Return on Investment of 7.30%. The stock is going forward its fifty-two week low with 112.20% and lagging behind from its 52-week high price with -15.52%. STX last month stock price volatility remained 3.11%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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