Brokerages Set CDW Co. (NASDAQ:CDW) PT at $205.86

CDW Co. (NASDAQ:CDW) has been given a consensus rating of “Buy” by the eight analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $205.86.

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

In related news, insider Christina M. Corley sold 3,400 shares of the business’s stock in a transaction dated Monday, October 18th. The stock was sold at an average price of $179.00, for a total value of $608,600.00. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 10,200 shares of company stock valued at $1,910,358. Company insiders own 1.04% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. American National Bank grew its stake in CDW by 610.5% in the third quarter. American National Bank now owns 135 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 116 shares in the last quarter. Total Clarity Wealth Management Inc. bought a new position in CDW in the third quarter worth approximately $27,000. Wolff Wiese Magana LLC grew its stake in CDW by 160.7% in the third quarter. Wolff Wiese Magana LLC now owns 159 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 98 shares in the last quarter. MUFG Americas Holdings Corp grew its stake in CDW by 560.0% in the third quarter. MUFG Americas Holdings Corp now owns 165 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 140 shares in the last quarter. Finally, Capital Directions Investment Advisors LLC bought a new position in CDW in the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Shares of NASDAQ CDW traded up $3.95 during midday trading on Thursday, hitting $199.79. 515,403 shares of the company traded hands, compared to its average volume of 758,553. CDW has a 12-month low of $125.46 and a 12-month high of $203.82. The company has a debt-to-equity ratio of 4.82, a quick ratio of 1.16 and a current ratio of 1.38. The stock has a 50-day moving average price of $187.25 and a 200 day moving average price of $182.86. The firm has a market cap of $27.12 billion, a P/E ratio of 28.06, a P/E/G ratio of 1.99 and a beta of 1.11.

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

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

About CDW

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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