“Western Digital Corporation (WDC) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
,” TheStreet’s analyst wrote.
Western Digital traded up 1.88% on Monday, hitting $49.28. Western Digital has a 1-year low of $28.31 and a 1-year high of $49.50. The stock’s 50-day moving average is currently $47.10. The company has a market cap of $11.860 billion and a price-to-earnings ratio of 5.83.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Tuesday, March 26th.
WDC has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Western Digital in a research note to investors on Monday, January 28th. They now have a $50.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Western Digital from $50.00 to $60.00 in a research note to investors on Thursday, January 24th. They now have a buy rating on the stock. Finally, analysts at Bank of America raised their EPS on shares of Western Digital in a research note to investors on Thursday, January 24th. They now have a neutral rating and a $52.00 price target on the stock.
Eight equities research analysts have rated the stock with a buy rating, fourteen have assigned a hold rating, two have assigned an underweight rating, and one has given a sell rating to the company’s stock. The stock currently has a consensus rating of hold and a consensus price target of $48.77.
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