Western Digital Corp. Sets New 1-Year High at $86.15 (WDC)
Western Digital Corp. (NYSE:WDC) set a new 52-week high during mid-day trading on Tuesday, ARN reports. The stock traded as high as $86.15 and last traded at $85.90, with a volume of 1,715,757 shares. The stock had previously closed at $82.89.
WDC has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus reiterated a “positive” rating on shares of Western Digital Corp. in a research note to investors on Friday, December 20th. They now have a $105.00 price target on the stock. Separately, analysts at Needham & Company reiterated a “strong-buy” rating on shares of Western Digital Corp. in a research note to investors on Thursday, December 19th. They now have a $100.00 price target on the stock, up previously from $81.00. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Western Digital Corp. from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, December 17th. They now have a $100.00 price target on the stock, up previously from $56.00. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $82.67.
Western Digital Corp. has a 52-week low of $41.62 and a 52-week high of $84.70. The stock has a 50-day moving average of $79.09 and a 200-day moving average of $69.51. The company has a market cap of $20.241 billion and a price-to-earnings ratio of 21.11.
Western Digital Corp. (NYSE:WDC) last released its earnings data on Thursday, October 24th. The company reported $2.05 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $2.05. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company posted $2.36 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts expect that Western Digital Corp. will post $8.09 EPS for the current fiscal year.
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.
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