In a report released yesterday, Ronnie Moas from Standpoint Research upgraded Western Digital (NASDAQ: WDC) to Buy. The company’s shares closed yesterday at $80.08, close to its 52-week low of $75.96.
According to TipRanks.com, Moas is a 5-star analyst with an average return of 6.1% and a 70.1% success rate. Moas covers the Consumer Goods sector, focusing on stocks such as LyondellBasell, Whirlpool Corp, and F5 Networks.
Currently, the analyst consensus on Western Digital is a Strong Buy with an average price target of $120.25.
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Western Digital’s market cap is currently $23.94B and has a P/E ratio of 138.07. The company has a Price to Book ratio of 2.12.
Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. Last month, Henry Denero, a Director at WDC sold 6,492 shares for a total of $556,040.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Western Digital Corp. develops, manufactures and provides data storage devices and solutions, which enable people to create, leverage, experience and preserve data. Its product portfolio includes hard disk drives, solid-state drives marketed under the HGST, WD and G-Technology brands.
