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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 51.91 (0.50% today). The market cap for Western Digital Corporation is 12055.11, and is in the sector Technology, and Data Storage Devices industry. The target price for Western Digital Corporation is 58.26. Currently Western Digital Corporation is trading with a P/E of 14.6, and a forward P/E of 11.88. Average volume for Western Digital Corporation is 6464.4 and so far today it is 1128871.

Performance in the last year for Western Digital Corporation has been -31.72%. For EPS growth, Western Digital Corporation has seen a growth of -7.50%, and is looking to grow in the next year to -12.57%. More long term stats show that EPS growth has been 0.80% over the last five years and could be -1.00% for the next five years. Western Digital Corporation has seen sales growth quarter over quarter at -20.50%, with EPS growth quarter over quarter at -80.60%. The 20-day simple moving average is 13.81%, with the 200-day simple moving average coming to 1.34%.

Since the IPO date for Western Digital Corporation on the 1/2/1987, Western Digital Corporation has seen performance year to date to be -12.09%. With Western Digital Corporation trading at 51.91, the dividend yield is 3.87%, and the EPS is 3.54.

So could Western Digital Corporation, be undervalued? Well as said before P/E is 14.6. The PEG is *TBA, P/S is 0.95 and the P/B is at 1.25. The P/cash is 2, with P/free cash flow at 11.33.

Western Digital Corporation ability to deal with debt shows that the current ratio is 3.1, and the quick ratio is 2.7. This is with long term debt/equity at 0.21, and total debt/equity at 0.23.

In terms of margins, Western Digital Corporation has a gross margin of 27.90%, an operating margin of 7.20% and a profit margin of 6.50%.Payout ratio for Western Digital Corporation is 55.80%. Return on assets come to 5.40% with return on investment coming to 12.70%.

Insider ownership for Western Digital Corporation, is at 0.10% and institutional ownership comes to 77.10%. Outstanding shares are at 233.4. While shares float is 226.32. The float short is currently 7.45%, and short ratio is 2.61.

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

Mark Hines

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