Western Digital Cp (NASDAQ:WDC) shares traded -2.47% down during most recent session to reach at the closing price of $39.96. The stock exchanged hands 4.92 Million shares versus average trading capacity of 5.92 Million shares, yielding a market cap of $12 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $68.08 within the next 52-weeks. The mean target projections are based on 25 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Western Digital Cp (NASDAQ:WDC) high price target of $140 and with a conservative view have low price target of $35.
Craig-Hallum “Upgrades” Western Digital Cp (NASDAQ:WDC) in a research note issued to investors on 12/06/18 to Buy with price target of $0.
Additionally on 11/20/18 Susquehanna “Downgrades” Western Digital Cp (NASDAQ:WDC) to Neutral setting price target at $0 and on 10/29/18 Citigroup “Maintained” the stock to Buy at $75. Furthermore on 10/29/18 Loop Capital “Downgrades” the stock to Hold at $42.
On the other hand the company has Relative Strength Index (RSI 14) of 30.51 along with Average True Range (ATR 14) of 2.06, Consequently Western Digital Cp (NASDAQ:WDC)’s weekly and monthly volatility is 3.81%, 4.79% respectively. The company’s beta value is at 1.12.
In terms of Buy, Sell or Hold recommendations, Western Digital Cp (NASDAQ:WDC) has analysts’ mean recommendation of 2.4. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Western Digital Cp (NASDAQ:WDC)’s minimum EPS for the current quarter is at $1.2 and can go high up to $1.66. The consensus mean EPS for the current quarter is at $1.52 derived from a total of 26 estimates from the analysts who have weighed in on projected earnings. However the company reported $3.95 earnings per share for the same quarter during last year.
Previously Western Digital Cp (NASDAQ:WDC) reported $3.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.04 by $0. The company posted an earnings surprise of 0%.
Western Digital Cp (NASDAQ:WDC)’s revenue estimates for the current quarter are $4.3 Billion according to 25 number of analysts, for the current quarter the company has high revenue estimates of $5.13 Billion in contradiction of low revenue estimates of $4.09 Billion. For the current year the company’s revenue estimates are $17.44 Billion compared to low analyst estimates of $16.7 Billion and high estimates of $19.56 Billion according to 26 number of analysts.
Currently Western Digital Cp (NASDAQ:WDC)’s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 86.3%. However the six-month change in the insider ownership was recorded -2.24%, as well as three-month change in the institutional ownership was recorded -1.94%.
Western Digital Cp (NASDAQ:WDC)’s trailing twelve month revenues are $20.49 Billion, whereas its price to sales ratio for the same period is 0.59. Its book value per share for the most recent quarter is $38.96 while its price to book ratio for the same period is 1.03, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 6.17.