Western Digital Corporation (NASDAQ:WDC) shares are trading +1.66% thus far today and have traded in the range of 79.55 – 81.49 during the current session. In order to take a look at where the stock might headed longer term, we can also look at different sets of data. Sell-side research firms currently have a consensus one year price target of $92.32 on the stock according to First Call. This number can often vary from the Zacks or FactSet mean targets. The sell-side analysts are projecting earnings per share of $2.11 for the next fiscal quarter. For the current year, analysts are predicting earnings of $8.08 per share according to First Call.
Stock Technicals in Focus
In looking at where the stock is trading on a technical level, the stock is trading +6.34% away from its 50 day moving average of $76.54. Based on the most recent available data, the equity is -0.34% off of its 52-week high of $81.67 and +132.61% away from its 52-week low which is $34.99. In taking a look at the company’s valuation, the firm’s price to earnings ratio stands at N/A. This is a crucial indicator investors watch as higher ratios compared to peers, would suggest higher future earnings growth potential for the stock. The price to current year EPS estimates from research analysts currently stands at 10.07. In looking further ahead, potential investors should note that the company’s price to next year’s EPS estimates is 8.82.
Today, the stock opened at $80.00 and the last bid at the time of writing stood at $81.39. During the session thus far, the equity dipped down to $79.55 and touched $81.49 as the high point. Western Digital Corporation has a market cap of 23.45B and has seen an average daily volume of 3987820 over the past three months.
In the most recent session, Tableau Software, Inc. (NYSE:DATA) shares have traded +1.20%. Following the stock price relative to moving averages may offer enhanced perspective on stock performance. After a recent review, the stock has been noted $-2.44 away from the 50-day moving average of $51.27 and $0.11 away from the 200-day moving average of $48.72. From a different angle, the stock has been recently recorded -21.91% off of the 52-week high of 62.53 and +17.92% removed from the 52-week low of 41.41.
Currently, Tableau Software, Inc. Class A has a price to earnings ratio of N/A. Analysts and investors may also opt to evaluate a company's PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. If a company has a PEG Ratio below one, it may be viewed as undervalued. If a company has a PEG Ratio above one, it may show that the company is overvalued. A PEG Ratio near one may be viewed as fair value. The stock currently has a PEG Ratio of 160.63.
Price Target Update
Analysts polled by Thomson Reuters have set a consensus target price of $57.47 on shares. Target prices may vary from one analyst to another due to the various ways they may proceed to calculate future price targets. This is a near-term estimation for the next 12-18 months.
Research analysts covering Box, Inc. (NYSE:BOX) are projecting that the shares reach $19.375 within the next 12-18 months. This is the consensus number derived from the 8 analyst reports taken into consideration. The most bullish, or aggressive analyst target pins the projected price at $25, while the most bearish, or conservative analyst sees the stock reaching $15.
Broker Rating Update on Box, Inc. (NYSE:BOX)
Zacks provides analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. Shares of Box, Inc. (NYSE:BOX) currently have an ABR of 2. This is based on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. Moving to earnings estimates, for this current fiscal period, Wall Street analysts have projected that the company will post $-0.3 earnings per share. This is the current Zacks consensus EPS which was calculated at the time of writing. Analysts will likely revise their estimates leading in to the actual results date.
taking a look at the most recent period, which closed on 2017-01-31, Box, Inc. reported EPS of $-0.28 for a surprise factor of 6.67%, calculated by being $0.02 away from analyst projections.
Investors will be marking their calendars for 2017-06-07, when the company is planning to release their quarterly results.