Published: Wed, May 16, 2018
Markets | By Otis Pena

Guggenheim Reiterates $125.00 Price Target for Western Digital (WDC)


The Financial stock (Citigroup Inc.) showed a change of -0.33 percent and finally close its business at $72.62 on Monday. Nexus Investment Management Inc. increased its holdings in Western Digital by 0.3% in the 4th quarter. Funds hold 243.21 million shares thus 1.21% more from 2017Q3's 240.32 million shares. First Mercantile Tru stated it has 0.06% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Tocqueville Asset Mngmt Ltd Partnership has invested 0% in Western Digital Corporation (NASDAQ:WDC). Meiji Yasuda Life Insur Com has invested 0.13% in Western Digital Corporation (NASDAQ:WDC). Gsa Prtnrs Llp, United Kingdom-based fund reported 32,900 shares. Hanson Mcclain holds 320 shares or 0% of its portfolio.

Shares of WDC opened at $77.28 on Friday. The company's shares were given away at $102.92 per share worth to an income of some $1,663,805 on account of Ray Michael Charles. Bank of Montreal Can raised its stake in Western Digital by 267.4% during the fourth quarter. The insider now directly owns 207,604 shares worth $16,840,836. As of now, C has a P/S, P/E and P/B values of 2.95, 12.61 and 1.02 respectively. Legg Mason Asset Mngmt (Japan) Ltd reported 7,100 shares stake. Services Automobile Association accumulated 966,697 shares. $942,109 worth of stock was sold by Sivaram Srinivasan on Friday, February 16. The shares were sold at an average price of $98.64, for a total transaction of $693,044.64.

At the end of 12/31/2017 reporting period, 400 institutional holders increased their position in Western Digital Corporation (NASDAQ:WDC) by some 31,751,935 shares, 384 decreased positions by 24,726,242 and 93 held positions by 199,936,662. That's upside potential of 52.28 % from company's last stock price. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 74% are positive. Western Digital has a 1-year low of $81.01 and a 1-year high of $83.00. Analysts recommended an average rating score of 1.50 for this stock, according to data compiled by FINVIZ.

Analyst Recommendation is an outlook of a stock-market analyst on a stock. Cowen reaffirmed a "buy" rating and set a $110.00 price objective on shares of Western Digital in a report on Friday, January 26th.

Execution Review: Taking an investigate the execution of WDC stock, a financial specialist will come to realize that the week by week execution for this stock is esteemed at 3.31%, bringing about a performance for the month at -9.8%. Finally, ValuEngine lowered shares of Western Digital from a "hold" rating to a "sell" rating in a research report on Wednesday, May 2nd. The rating was maintained by Barclays Capital with "Overweight" on Friday, April 27. The firm has "Buy" rating given on Friday, July 28 by Benchmark. UBS initiated the shares of WDC in report on Tuesday, March 6 with "Hold" rating. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.93 billion. Winslow Evans & Crocker has invested 0.29% in Western Digital Corporation (NASDAQ:WDC). The stock has "Buy" rating by Craig Hallum on Monday, March 5.

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Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, April 26th.

Earnings per Share Details of Citigroup Inc.: The EPS of C is strolling at 5.76, measuring its EPS growth this year at 14.6%. WDC has 5.32 million volume or 38.44% up from normal. During the same period last year, the company posted $2.39 EPS. equities analysts forecast that Western Digital will post 13.39 EPS for the current year.

Western Digital Corporation, together with its subsidiaries, develops, manufactures, and sells data storage devices and solutions worldwide. The stock has a market cap of $23.58 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 0.31 and a beta of 1.04. It offers performance hard disk drives (HDDs) that are used in enterprise servers, data analysis, and other enterprise applications; capacity HDDs and drive configurations for use in data storage systems and tiered storage models; and enterprise solid state drives (SSDs), including NAND-flash SSDs and software solutions that are created to enhance the performance in various enterprise workload environments.

P/S, P/E, P/C and P/B/ SMA50, SMA 200: The price-to-sales is a valuation ratio that relates a company's stock price to its revenues. It offers performance hard disk drives (HDDs) that are used in enterprise servers, data analysis, and other enterprise applications; capacity HDDs and drive configurations for use in data storage systems and tiered storage models; and enterprise solid state drives (SSDs), including NAND-flash SSDs and software solutions that are created to enhance the performance in various enterprise workload environments.

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