Shares of Western Digital Co. (NASDAQ:WDC – Get Rating) have been assigned an average rating of “Hold” from the twenty-three analysts that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $49.81.
Several equities research analysts have commented on the company. Wedbush cut their price objective on Western Digital from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, October 25th. Rosenblatt Securities decreased their price objective on Western Digital from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, September 16th. Robert W. Baird dropped their target price on shares of Western Digital from $55.00 to $50.00 in a report on Monday, October 31st. Benchmark decreased their price target on shares of Western Digital from $34.00 to $28.00 and set a “sell” rating on the stock in a research note on Friday, September 30th. Finally, StockNews.com cut shares of Western Digital from a “hold” rating to a “sell” rating in a research note on Monday, October 31st.
Insider Buying and Selling at Western Digital
In related news, SVP Gene M. Zamiska sold 2,169 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $40.90, for a total transaction of $88,712.10. Following the sale, the senior vice president now directly owns 31,554 shares of the company’s stock, valued at approximately $1,290,558.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Western Digital Stock Up 0.9 %
Shares of NASDAQ WDC opened at $36.86 on Friday. Western Digital has a 52-week low of $31.56 and a 52-week high of $69.36. The company has a quick ratio of 1.05, a current ratio of 1.83 and a debt-to-equity ratio of 0.58. The company’s 50-day simple moving average is $35.57 and its 200-day simple moving average is $45.21. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 12.71 and a beta of 1.53.
Western Digital Company Profile
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; and flash-based memory wafers.
- Get a free copy of the StockNews.com research report on Western Digital (WDC)
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