Western Digital Corp (NASDAQ:WDC), ABB Ltd (ADR) (NYSE:ABB)

They now have a $100.00 target price on the data storage provider's stock. Analysts had expected Western Digital Corporation (NASDAQ:WDC) to post net income of about $2.12 per share on $4,764.16M in revenue.

Several research analysts recently issued reports on WDC shares. BTIG Research restated a "buy" rating and set a $85.00 price target on shares of Western Digital Corp in a report on Wednesday, January 18th. Sell-side analyst recommendations point to a short term price target of $92.97 on the company shares. Maxim Group decreased their price target on shares of Western Digital Corp from $104.00 to $93.00 and set a "buy" rating for the company in a report on Thursday, January 26th. (ADSK). The consensus rating is 2.3, suggesting the market has given up on the stock. The original version of this news story can be read at https://www.thecerbatgem.com/2017/03/08/western-digital-corp-wdc-given-average-rating-of-buy-by-analysts.html. Analyst's ratings play a vital role in defining a stock's performance for the day.

Western Digital Corp (NASDAQ:WDC) traded up 1.65% during trading on Friday, reaching $77.54. The company's past year sales total was 2.82 Billion. Western Digital Corp has a 1-year low of $34.99 and a 1-year high of $81.67.

Western Digital Corp (NASDAQ:WDC) last issued its quarterly earnings data on Wednesday, January 25th. The data storage provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.18. These 24 Analysts are also projecting the mean revenue estimate of 4.55 Billion. The business's revenue for the quarter was up 40.3% compared to the same quarter previous year. The stock is up 7.12% in this year through last close, and the beta ratio has a value of 1.17. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $1.90 to $2.79. Investors of record on Friday, December 30th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.79%. Western Digital Corp's dividend payout ratio is presently -133.33%. Cornerstone Advisors Inc. boosted its stake in shares of Western Digital Corp.by 5.7% in the second quarter. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States and worldwide trademark and copyright law. The original version of this piece can be accessed at https://baseballnewssource.com/markets/citigroup-inc-reiterates-buy-rating-for-western-digital-corp-wdc/490132.html. Also, insider Michael D. Cordano sold 889 shares of the business's stock in a transaction on Monday, November 7th. The shares were sold at an average price of $70.90, for a total value of $418,026.40. The number of shares now owned by investors are 283.39 mln. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The shares were sold at an average price of $56.41, for a total transaction of $50,148.49. The disclosure for this sale can be found here. The difference between the estimated and actual earnings was $0.18 per share. In addition, for the current month 1 analyst gave ratings for hold as compared to last month 1 analyst stood in same position. Messner & Smith Theme Value Investment Management Ltd. CA now owns 33,992 shares of the data storage provider's stock valued at $1,606,000 after buying an additional 18,343 shares during the last quarter. There was a stock increase by 1.65 percent. ClariVest Asset Management LLC boosted its stake in shares of Western Digital Corp by 1,465.2% in the third quarter. The firm owned 5,315 shares of the data storage provider's stock after selling 10,500 shares during the period.

  • Zachary Reyes