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Main » Deutsche Bank AG Reaffirms Buy Rating for Western Digital Corp (WDC)

Deutsche Bank AG Reaffirms Buy Rating for Western Digital Corp (WDC)

19 May 2017

Western Digital Corp (NASDAQ:WDC), after opening at $88.26, closed at $85.22 by scoring -4.20%. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Other analysts have also issued research reports about the stock.

A number of equities research analysts have weighed in on the company. Stifel Nicolaus restated a "buy" rating and issued a $120.00 target price (up previously from $105.00) on shares of Western Digital Corp in a research note on Saturday, April 29th. Finally, Royal Bank of Canada lifted their price target on shares of Western Digital Corp from $92.00 to $96.00 and gave the company an "outperform" rating in a report on Monday, April 10th. Six equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company's stock.

(APH) Price Target Increased to $80.00 by Analysts at Deutsche Bank AG
The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions. Cibc Ww Mkts invested in 52,347 shares or 0.01% of the stock. 144,550 were reported by Liberty Mutual Grp Inc Asset Management.

Western Digital Corporation (NASDAQ:WDC) shares are on our watchlist today as the stock has moved 0.53% from the recent close, pricing at $87.03 at the time of press.

Western Digital Corporation (WDC) traded with the volume of 3.96 Million shares while its average 3 months volume is at 4200 shares. The company has a 50-day moving average of $86.07 and a 200-day moving average of $74.46. The company has market cap of $25.34 billion.

Artemis Investment Management Llp increased its stake in Western Digital Corp (WDC) by 8.41% based on its latest 2016Q4 regulatory filing with the SEC.

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Maximum and minimum EPS estimate for the current quarter is projected at $3.81 and $2.66, respectively, according to 23 analysts. The company had revenue of $4.65 billion during the quarter, compared to analysts' expectations of $4.57 billion. Susquehanna maintained Western Digital Corp (NASDAQ:WDC) on Monday, August 24 with "Positive" rating. Western Digital Corp's revenue was up 64.7% compared to the same quarter past year. From the start of the calendar year, shares have been 27.52%. During the same period previous year, the company posted $1.21 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Moreover, Clear Harbor Asset Mngmt Limited Liability has 0.67% invested in Western Digital Corp (NASDAQ:WDC) for 46,900 shares. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $2.00 annualized dividend and a yield of 2.32%. New Jersey Better Educational Savings has 0.39% invested in Western Digital Corp (NASDAQ:WDC). If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of US & global trademark & copyright law. The stock of Western Digital Corp (NASDAQ:WDC) has "Buy" rating given on Thursday, October 1 by Argus Research. The shares were sold at an average price of $75.18, for a total value of $2,611,302.12.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. 548,123 shares of the stock were exchanged. Its book value per share for the most recent quarter is $38.17 while its price to book ratio for the same period is 2.26, as for as the company's cash per share for the most recent quarter is $19.49, however its price to cash per share ratio for the same period is 4.42.

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Equitec Specialists Llc, which manages about $419.21 million US Long portfolio, decreased its stake in Vector Group Ltd (Prn) by 5.94 million shares to 6.45M shares, valued at $10.04 million in 2016Q4, according to the filing. The disclosure for this sale can be found here. Also, EVP Manish H. Bhatia sold 34,734 shares of the company's stock in a transaction dated Monday, February 27th. Company insiders own 0.46% of the company's stock. Deprince Race & Zollo Inc. raised its position in Western Digital Corp by 9.0% in the third quarter. Vanguard Group Inc. now owns 28,741,455 shares of the data storage provider's stock valued at $2,372,032,000 after buying an additional 1,250,528 shares during the period. Viking Global Investors LP acquired a new stake in shares of Western Digital Corp during the fourth quarter valued at approximately $95,471,000. State Street Corp now owns 14,860,382 shares of the data storage provider's stock valued at $1,011,249,000 after buying an additional 994,472 shares during the period. Reilly Financial Advisors LLC boosted its position in shares of Western Digital Corp by 49.8% in the first quarter. IHT Wealth Management LLC now owns 3,426 shares of the data storage provider's stock worth $283,000 after buying an additional 678 shares during the last quarter. Stoneridge Investment Partners LLC now owns 105,678 shares of the data storage provider's stock valued at $6,179,000 after buying an additional 52,591 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Western Digital Corp by 2,585.1% in the third quarter.