The shares of Chevron Corporation (NYSE:CVX) has been pegged with a rating of Outperform by Credit Suisse in its latest research note that was published on November 5th, 2018. Credit Suisse wasn’t the only research firm that published a report of Chevron Corporation, with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on November 5th, 2018, to Neutral the CVX stock while also putting a $140 price target. The stock had earned Overweight rating from Piper Jaffray when it published its report on October 23rd, 2018. The stock was given Buy rating by HSBC Securities in its report released on September 12th, 2018. Berenberg was of a view that CVX is Hold in its latest report on September 11th, 2018 while giving it a price target of $135. BofA/Merrill thinks that CVX is worth Neutral rating. This was contained in the firm’s report on September 6th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $141.19. The price of the stock the last time has raised by 13.20% 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 53.42.
The shares of the company added by 0.16% during the trading session on Thursday, reaching a low of $111.71 while ending the day at $113.45. During the trading session, a total of 6.02 million shares were traded which represents a 21.54% incline from the average session volume which is 7.67M shares. CVX had ended its last session trading at 113.27. Chevron Corporation currently has a market cap of $216.52B, while its P/E ratio stands at 17.84, while its P/E earnings growth sits at 1.39, with a beta of 1.02. Chevron Corporation debt-to-equity ratio currently stands at 0.24, while its quick ratio hovers at 1.00. CVX 52-week low price stands at $100.22 while its 52-week high price is $133.88.
The company in its last quarterly report recorded $2.11 earnings per share which is above the $2.06 predicted by most analysts. The Chevron Corporation generated $43,987.00 million in revenue during the last quarter, which is slightly lower than the $46,921.10 million predicted by analysts. In the second quarter last year, the firm recorded $1.78 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 15.64%. Chevron Corporation has the potential to record 6.36 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Cowen published a research note on December 6th, 2018 where it informed investors and clients that Western Digital Corporation (NASDAQ:WDC) is now rated as Market Perform. Their price target on the stock stands at $50. BofA/Merrill also rated WDC as Reiterated on November 5th, 2018, with its price target of $140 suggesting that WDC could surge by 40.65% from its current share price. Even though the stock has been trading at $39.79/share, analysts expect it to surge higher by 0.05% to reach $67.08/share. It started the day trading at $40.25 and traded between $38.88 and $39.81 throughout the trading session.
A look at its technical shows that WDC’s 50-day SMA is 42.42 while its 200-day SMA stands at 65.53. The stock has a high of $106.96 for the year while the low is $33.83. The company’s P/E ratio currently sits at 6.15, while the P/B ratio is 1.02. The company’s average trading volume currently stands at 6.56M shares, which means that the short-interest ratio is just 1.97 days. Over the past seven days, the company moved, with its shift of 11.67%. Looking further, the stock has dropped -26.85% over the past 90 days while it lost -49.09% 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 WDC shares, decreasing its portfolio by -1.21% during the last quarter. This move now sees The Vanguard Group Inc selling -379,935 shares in the last quarter, thus it now holds 30,929,338 shares of WDC, with a total valuation of $1,143,457,626. BlackRock Fund Advisors meanwhile bought more WDC shares in the recently filed quarter, changing its stake to $534,124,593 worth of shares. SSgA Funds Management Inc followed the path by increasing its WDC portfolio by +5.06% in the quarter. This means that SSgA Funds Management Inc bought 571,066 shares in the last quarter and now controls 11,861,238 shares of the WDC stock, with the valuation hitting $438,509,969.
Similarly, Iridian Asset Management LLC increased its Western Digital Corporation shares by +7.28% during the recently filed quarter. After buying 426,480 shares in the last quarter, the firm now controls 6,283,852 shares of Western Digital Corporation which are valued at $232,314,008. In the same vein, Columbia Management Investment Ad increased its Western Digital Corporation shares by during the most recent reported quarter. The firm bought 74,892 shares during the quarter which increased its stakes to 4,575,320 shares and is now valued at $169,149,580. Following these latest developments, around 0.50% of Western Digital Corporation stocks are owned by institutional investors and hedge funds.