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Is this Large Market Cap Stock target price reasonable for Western Digital Corporation (NASDAQ:WDC)?

The company in question is, Western Digital Corporation (NASDAQ:WDC) currently with a stock price of 45.67 (0.56% today). The market cap for Western Digital Corporation is 10761.81, and is in the sector Technology, and Data Storage Devices industry. The target price for Western Digital Corporation is 60.4. Currently Western Digital Corporation is trading with a P/E of 36.25, and a forward P/E of 7.33. Average volume for Western Digital Corporation is 6181.89 and so far today it is 1589177.

Performance in the last year for Western Digital Corporation has been -44.00%. For EPS growth, Western Digital Corporation has seen a growth of -82.80%, and is looking to grow in the next year to 46.33%. More long term stats show that EPS growth has been -19.20% over the last five years and could be 0.90% for the next five years. Western Digital Corporation has seen sales growth quarter over quarter at 9.50%, with EPS growth quarter over quarter at -243.00%. The 20-day simple moving average is -4.83%, with the 200-day simple moving average coming to -7.75%.

Since the IPO date for Western Digital Corporation on the 1/2/1987, Western Digital Corporation has seen performance year to date to be -22.70%. With Western Digital Corporation trading at 45.67, the dividend yield is 4.40%, and the EPS is 1.25.

So could Western Digital Corporation, be undervalued? Well as said before P/E is 36.25. The PEG is 40.28, P/S is 0.83 and the P/B is at 1.06. The P/cash is 1.28, with P/free cash flow at 11.51.

Western Digital Corporation ability to deal with debt shows that the current ratio is 1.8, and the quick ratio is 1.5. This is with long term debt/equity at 1.22, and total debt/equity at 1.52.

In terms of margins, Western Digital Corporation has a gross margin of 26.40%, an operating margin of 3.70% and a profit margin of 2.00%.Payout ratio for Western Digital Corporation is 156.30%. Return on assets come to 1.30% with return on investment coming to 2.00%.

Insider ownership for Western Digital Corporation, is at 0.20% and institutional ownership comes to 99.70%. Outstanding shares are at 236.94. While shares float is 226.23. The float short is currently 6.85%, and short ratio is 2.51.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Peter Clarke

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