CDW Co. (NASDAQ:CDW) Given Consensus Recommendation of “Buy” by Analysts

CDW Co. (NASDAQ:CDW) has been assigned an average rating of “Buy” from the eight analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $205.86.

Several research analysts have weighed in on CDW shares. Morgan Stanley upped their target price on CDW from $196.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 4th. Credit Suisse Group upped their target price on CDW from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, August 5th. JPMorgan Chase & Co. raised CDW to a “hold” rating and set a $200.00 target price on the stock in a research report on Wednesday, October 6th. Raymond James upped their target price on CDW from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, November 4th. Finally, Zacks Investment Research downgraded CDW from a “buy” rating to a “hold” rating and set a $201.00 price target on the stock. in a report on Monday, November 15th.

In other news, insider Christina M. Corley sold 3,400 shares of the company’s stock in a transaction dated Monday, October 18th. The shares were sold at an average price of $179.00, for a total value of $608,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 10,200 shares of company stock worth $1,910,358 in the last three months. Insiders own 1.04% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Tower Bridge Advisors grew its stake in CDW by 5.2% in the 2nd quarter. Tower Bridge Advisors now owns 10,700 shares of the information technology services provider’s stock valued at $1,869,000 after buying an additional 525 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of CDW by 20.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,568 shares of the information technology services provider’s stock worth $1,496,000 after purchasing an additional 1,434 shares in the last quarter. HighTower Advisors LLC grew its position in shares of CDW by 2.9% during the 2nd quarter. HighTower Advisors LLC now owns 105,300 shares of the information technology services provider’s stock worth $18,348,000 after purchasing an additional 2,981 shares in the last quarter. Pallas Capital Advisors LLC grew its position in shares of CDW by 38.5% during the 2nd quarter. Pallas Capital Advisors LLC now owns 7,048 shares of the information technology services provider’s stock worth $1,327,000 after purchasing an additional 1,958 shares in the last quarter. Finally, HM Payson & Co. grew its position in shares of CDW by 5.9% during the 2nd quarter. HM Payson & Co. now owns 350,661 shares of the information technology services provider’s stock worth $61,243,000 after purchasing an additional 19,689 shares in the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CDW stock traded up $3.95 during trading on Thursday, hitting $199.79. The stock had a trading volume of 515,403 shares, compared to its average volume of 758,553. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.38 and a quick ratio of 1.16. The firm has a market cap of $27.12 billion, a P/E ratio of 28.06, a PEG ratio of 1.99 and a beta of 1.11. The business has a fifty day moving average of $187.25 and a two-hundred day moving average of $182.86. CDW has a fifty-two week low of $125.46 and a fifty-two week high of $203.82.

CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, November 3rd. The information technology services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.05 by $0.08. CDW had a return on equity of 98.82% and a net margin of 5.00%. The business had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the prior year, the business posted $1.78 earnings per share. CDW’s revenue was up 11.4% compared to the same quarter last year. As a group, research analysts forecast that CDW will post 7.52 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 10th. Investors of record on Wednesday, November 24th will be paid a dividend of $0.50 per share. This is a boost from CDW’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, November 23rd. CDW’s dividend payout ratio is presently 22.47%.

CDW Company Profile

CDW Corp. engages in the provision of information technology solutions to small, medium and large business, government, education and healthcare customers in the United States, the United Kingdom and Canada. It operates through the following segments: Corporate, Small Business, and Public. The Corporate segment serves the private sector business customers.

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Analyst Recommendations for CDW (NASDAQ:CDW)

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