Western Digital Corp. Rating Reiterated by Deutsche Bank (WDC)
Western Digital Corp. (NYSE:WDC)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, American Banking News.com reports. They currently have a $78.00 target price on the stock. Deutsche Bank’s target price would suggest a potential upside of 7.87% from the stock’s previous close.
Western Digital Corp. (NYSE:WDC) traded up 0.77% on Monday, hitting $72.31. The stock had a trading volume of 1,796,617 shares. Western Digital Corp. has a one year low of $32.25 and a one year high of $72.35. The stock’s 50-day moving average is $65.49 and its 200-day moving average is $62.51. The company has a market cap of $17.137 billion and a price-to-earnings ratio of 18.03.
Western Digital Corp. (NYSE:WDC) last released its earnings data on Wednesday, July 24th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.15. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the previous year, the company posted $2.87 earnings per share. The company’s revenue for the quarter was down 21.6% on a year-over-year basis.
A number of other firms have also recently commented on WDC. Analysts at BMO Capital Markets reiterated a “buy” rating on shares of Western Digital Corp. in a research note to investors on Monday. They now have a $78.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Western Digital Corp. in a research note to investors on Thursday, October 10th. They now have a $66.00 price target on the stock. Finally, analysts at Needham & Company reiterated a “strong-buy” rating on shares of Western Digital Corp. in a research note to investors on Thursday, September 26th. They now have a $77.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Western Digital Corp. presently has a consensus rating of “Buy” and a consensus price target of $72.58.
Western Digital Corporation (NYSE:WDC) is a provider of solutions for the collection, storage, management, protection and use of digital content, including audio and video.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.