The shares of Western Digital Corporation (NASDAQ:WDC) has been pegged with a rating of Market Perform by Cowen in its latest research note that was published on January 25th, 2019. The research company has also assigned a $44 price target. Cowen wasn’t the only research firm that published a report of Western Digital Corporation, with other equities research analysts also giving their opinion on the stock. Evercore ISI advised investors in its research note published on January 14th, 2019, to Underperform the WDC stock. The stock had earned Market Perform rating from Cowen when it published its report on December 6th, 2018. That day the Cowen set price target on the stock to $50. The stock was given Buy rating by BofA/Merrill in its report released on December 6th, 2018, the day when the price target on the stock was placed at $68. Susquehanna was of a view that WDC is Neutral in its latest report on November 20th, 2018. Loop Capital thinks that WDC is worth Hold rating. This was contained in the firm’s report on October 29th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 16 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $59.67. The price of the stock the last time has raised by 40.97% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 63.73.
The shares of the company added by 0.91% during the trading session on Wednesday, reaching a low of $47.54 while ending the day at $47.69. During the trading session, a total of 6.09 million shares were traded which represents a 16.31% incline from the average session volume which is 7.28M shares. WDC had ended its last session trading at 47.26. Western Digital Corporation currently has a market cap of $13.83B, while its P/E ratio stands at 21.07, while its P/E earnings growth sits at 0.71, with a beta of 1.47. Western Digital Corporation debt-to-equity ratio currently stands at 0.97, while its quick ratio hovers at 1.50. WDC 52-week low price stands at $33.83 while its 52-week high price is $106.96.
The company in its last quarterly report recorded $1.45 earnings per share which is below the $1.51 predicted by most analysts. The Western Digital Corporation generated $4,233.00 million in revenue during the last quarter, which is slightly lower than the $4,256.97 million predicted by analysts. In the second quarter last year, the firm recorded $3.04 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -109.66%. Western Digital Corporation has the potential to record 2.26 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Citigroup published a research note on January 9th, 2019 where it informed investors and clients that Citizens Financial Group, Inc. (NYSE:CFG) is now rated as Buy. Evercore ISI also rated CFG as Downgrade on January 14th, 2019, with its price target of $8 suggesting that CFG could surge by 12.4% from its current share price. Even though the stock has been trading at $36.02/share, analysts expect it to surge higher by 0.81% to reach $41.45/share. It started the day trading at $36.49 and traded between $35.925 and $36.31 throughout the trading session.
A look at its technical shows that CFG’s 50-day SMA is 32.85 while its 200-day SMA stands at 37.96. The stock has a high of $46.96 for the year while the low is $27.62. The company’s P/E ratio currently sits at 10.49, while the P/B ratio is 0.88. The company’s average trading volume currently stands at 5.66M shares, which means that the short-interest ratio is just 2.21 days. Over the past seven days, the company moved, with its shift of 5.19%. Looking further, the stock has dropped -4.60% over the past 90 days while it lost -8.86% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more CFG shares, decreasing its portfolio by -0.85% during the last quarter. This move now sees The Vanguard Group Inc selling -446,615 shares in the last quarter, thus it now holds 51,887,570 shares of CFG, with a total valuation of $1,760,026,374. BlackRock Fund Advisors meanwhile bought more CFG shares in the recently filed quarter, changing its stake to $870,138,872 worth of shares. SSgA Funds Management Inc followed the path by decreasing its CFG portfolio by -0.36% in the quarter. This means that SSgA Funds Management Inc sold -91,059 shares in the last quarter and now controls 24,966,796 shares of the CFG stock, with the valuation hitting $846,873,720.
Similarly, Invesco Advisers Inc decreased its Citizens Financial Group, Inc. shares by -1.96% during the recently filed quarter. After selling -393,846 shares in the last quarter, the firm now controls 19,651,768 shares of Citizens Financial Group, Inc. which are valued at $666,587,971. In the same vein, JPMorgan Investment Management I increased its Citizens Financial Group, Inc. shares by during the most recent reported quarter. The firm bought 1,410,247 shares during the quarter which increased its stakes to 13,744,647 shares and is now valued at $466,218,426. Following these latest developments, around 0.10% of Citizens Financial Group, Inc. stocks are owned by institutional investors and hedge funds.