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Looking for Value? Why It Might Be Time to Try Seagate Technology (STX)

Value investing is always a very popular strategy, and for good reason. After all, who doesn't want to find stocks that have low PEs, solid outlooks, and decent dividends?

Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Seagate Technology Public Limited Company ( STX ).

Seagate Technology in Focus

STX may be an interesting play thanks to its forward PE of 9.78, its P/S ratio of 0.94, and its decent dividend yield of 4.96%. These factors suggest that Seagate Technology is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that STX has decent revenue metrics to back up its earnings.

But before you think that Seagate Technology is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 9.3% in the past 60 days, thanks to 10 upward revisions in the past two months compared to only one lower.

This estimate strength is actually enough to push STX to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. So really, Seagate Technology is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

SEAGATE TECH (STX): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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