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Analyst Recommendations for Western Digital

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Oct. 29 2015, Updated 11:07 a.m. ET

Shareholder returns and stock trends

Western Digital (WDC) has generated returns of -24.4% for the trailing 12 months (or TTM) and -1.6% in the trailing one-month period. The company’s share price has fallen 12.8% in the trailing five-day period.

Peer companies EMC (EMC), Seagate Technology (STX), and Teradata (TDC) have generated returns of -6.0%, 4.0%, and -1.1%, respectively, in the trailing five-day period.

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Moving averages

On October 23, 2015, Western Digital’s last trading price was $69.30. It was trading 11.9%, 12.3%, and 15.0% below the 20-day, 50-day, and 100-day moving averages of $78.70, $79.10, and $81.60, respectively.

Moving average convergence divergence and RSI

The moving average convergence divergence (or MACD) is the difference between a company’s short-term and long-term moving averages. The 14-day MACD for Western Digital is -0.16, which indicates a downward trading trend since the figure is negative.

Western Digital’s 14-day Relative Strength Index (or RSI) is 32, which shows that the stock was at the edge of being oversold. If the RSI is above 70, it indicates a stock is overbought. An RSI figure below 30 suggests a stock has been oversold.

Western Digital (WDC) makes up 0.09% of the SPDR S&P 500 ETF (SPY) and 0.30% of the Powershares QQQ ETF (QQQ).

Analyst recommendations

Of the 28 analysts covering Western Digital stock, 23 have given it a “buy” recommendation, zero a “sell” recommendation, and five a “hold” recommendation. The analyst stock price target for Western Digital is $100.85 with a median target estimate of $100. Western Digital is thus trading at a discount of 30.7% with respect to its median target. Some may consider it an attractive buy at current levels.

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