Is It Overvalued? Look at the P/S Ratio: Seagate Technology plc (STX), Radian Group Inc. (RDN)

You should consider shares of Seagate Technology plc (NASDAQ:STX) and Radian Group Inc. (NYSE:RDN) if you are looking for a great stocks to invest in. Starting with the STX shares, which traded at $60.51 at the close of the recent session, dropping -0.44%. On Wednesday, the company’s shares shed -$0.27 from its value which represented in intraday trading. The stock is now 1.70% higher in year-to-date (YTD) trading. STX’s intraday high was $61.22 while its lowest price touched $60.30. The stock’s 52-week high price is $61.12, which means the current price is at -1.00%. In terms of trading activity, the daily trading volume fell to 1945903 against 200-day average trading volume of 2,666,806 shares.

What are analyst forecasts for Seagate Technology plc (NASDAQ:STX)?

At a consensus rating of 2.89, STX is trending as a streaking Hold, as it has been the case a month ago when 18 analysts called it a Hold. Two months ago, 17 analysts recommended, on average, that STX stock is a Hold. The Technology company’s shares’ overall bearish trend saw it close higher on Wednesday compared to its opening price of $60.56 on the day.

Forecasts for Seagate Technology plc (NASDAQ:STX) give the stock a fair value for the growth of -6.16% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $57.00, which means the price per share could fall by nearly -$3.51. The price range target is between a low of $40.00 and a high of $70.00. The stock would need to gain by about $13.56 to hit the estimated high or 0.62% from its 12-month low.

The consensus among 28 analysts is that it is a good time for one to Hold in the Seagate Technology plc. 7 analysts rate STX as a Buy, with 4 of 28 analysts rate it as a Sell. 0 have valued the stock as Overweight and 15 have recommended that investors Hold.

Seagate Technology plc (NASDAQ:STX) Upgrades and Downgrades

In terms of rating changes, Cowen on November 04, 2019, Reiterated Seagate Technology plc (STX) at Market Perform. They believe the stock could reach $60 in the near term. Analysts at Cowen have assigned a Market Perform rating for the stock in their research note on September 20, 2019 with an estimated price target of $51. Moreover, Craig Hallum analysts issued a rating of Hold for the stock on September 20, 2019, giving it a price target of $56 for the next 12 months. On August 08, 2019, the stock earned a Underweight rating due to an analyst call from Barclays, while analysts from The Benchmark Company on August 05, 2019 suggested that the stock is Buy.

Radian Group Inc. (NYSE:RDN) adds $0.06 on Wednesday

The RDN stock has tanked -1.95% year-to-date and is currently trading at $24.67, which is -6.25% below its 52-week high. The company shares gained 0.24% on the day and have risen nearly 45.03% off a low hit. At current levels, Radian Group Inc. has a valuation of about $1.47B. As of 01/15/20, this stock has risen 0.73% during the week and closed at $24.61 in the previous session. However, recent Radian Group Inc. stock performance shows that RDN shares are -4.90% down over the last month, and 4.71% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.66, with the trailing 12-month share earnings at $3.04. The ratio is expected to be up by 15.20% for the current year 2019 and 3.50% for next year. Over the next 5-year period, earnings per share will be 7.65%. But will the RDN stock surprise in the current quarter results, where the $0.81 actual EPS reported on 9/29/2019 surprised by 11.00% or was higher by $0.08 from the estimated $0.73.

Sales Growth to climb 2.60% for the year

How well will Radian Group Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $272M and $289.81M in current quarter sales. The consensus estimated for the current quarter is $280.6M from sales. Forecasts for this fiscal year are between $1.11B and $1.13B and the consensus estimate for sales is at $1.12B. RDN has its next quarter sales estimates at between $271.5M and $292.3M, with the quarter-over-quarter growth estimates at 7.00% and the annual growth forecast for the year at 2.60%.

Who owns shares in Radian Group Inc. (RDN)?

Let’s briefly focus on the share ownership of the Radian Group Inc. (NYSE:RDN) stock, where we find that 97.44% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 19.27 million shares or 9.58% of shares outstanding. FMR, LLC and Blackrock Inc. held 18.22 million and 14.94 million representing 9.06% and 7.43% respectively at the close of the last trading session. As of Sep 29, 2019, Putnam Investments LLC accounted for 9.03 million shares at over 206.27 million. This represented 4.49% of shares outstanding. Lsv Asset Management held 8.59 million shares at over 196.19 million representing 4.27% of shares outstanding.

RDN Insider Activity

On 5/21/2019, by the name Hoffman Edward J sold 10638.0 shares worth $242100.0 at the price of $22.76 per share. Filings also show that Thornberry Richard G sold a total of 10145.0 shares on 5/09/2019 valued at $230100.0. Since the last insider activity, the company’s share price has climbed 8.77%.