Western Digital Corp. Receives New Coverage from Analysts at Susquehanna (WDC)
Equities researchers at Susquehanna assumed coverage on shares of Western Digital Corp. (NYSE:WDC) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “positive” rating on the stock.
A number of other analysts have also recently weighed in on WDC. Analysts at Deutsche Bank raised their price target on shares of Western Digital Corp. from $100.00 to $118.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Western Digital Corp. from $98.00 to $100.00 in a research note on Tuesday, July 8th. They now have an “outperform” rating on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of Western Digital Corp. from $100.00 to $110.00 in a research note on Monday, July 7th. They now have a “strong-buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Western Digital Corp. currently has a consensus rating of “Buy” and an average target price of $102.13.
Shares of Western Digital Corp. (NYSE:WDC) traded up 0.68% during mid-day trading on Monday, hitting $98.43. The stock had a trading volume of 2,430,873 shares. Western Digital Corp. has a 52-week low of $59.36 and a 52-week high of $98.89. The stock has a 50-day moving average of $91.57 and a 200-day moving average of $87.84. The company has a market cap of $23.138 billion and a P/E ratio of 22.84.
Western Digital Corp. (NYSE:WDC) last announced its earnings results on Wednesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.07. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.73 billion. Analysts expect that Western Digital Corp. will post $8.01 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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