Benchmark Co. Keeps Their Hold Rating on Western Digital (WDC)
In a report released today, Mark Miller from Benchmark Co. maintained a Hold rating on Western Digital (WDC). The company’s shares closed yesterday at $48.12.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.0% and a 66.8% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.
Western Digital has an analyst consensus of Moderate Buy, with a price target consensus of $54.21, implying a 12.7% upside from current levels. In a report issued on February 27, Mizuho Securities also reiterated a Hold rating on the stock.
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Western Digital’s market cap is currently $14B and has a P/E ratio of 17.85. The company has a Price to Book ratio of 1.28.
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Western Digital Corp. engages in the manufacture, market, and sale of data storage devices and solutions. Its product portfolio includes hard disk drives, solid-state drives marketed under the HGST, WD and G-Technology brands.
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