CDW (NASDAQ:CDW) Given New $217.00 Price Target at Morgan Stanley

CDW (NASDAQ:CDW – Get Rating) had its price objective boosted by stock analysts at Morgan Stanley from $210.00 to $217.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 9.99% from the stock’s previous close.

A number of other research firms have also commented on CDW. Credit Suisse Group lifted their price objective on shares of CDW from $202.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of CDW from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 20th. StockNews.com upgraded shares of CDW from a “hold” rating to a “buy” rating in a research note on Thursday, January 12th. Raymond James dropped their price target on shares of CDW from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. Finally, Citigroup dropped their price target on shares of CDW from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, CDW has an average rating of “Moderate Buy” and a consensus price target of $213.14.

CDW Trading Down 0.4 %

NASDAQ CDW opened at $197.29 on Wednesday. The company has a debt-to-equity ratio of 4.60, a quick ratio of 1.12 and a current ratio of 1.29. The firm has a market cap of $26.71 billion, a PE ratio of 25.93, a P/E/G ratio of 1.49 and a beta of 1.13. CDW has a one year low of $147.91 and a one year high of $201.00. The firm’s fifty day moving average is $185.50 and its two-hundred day moving average is $175.14.

CDW (NASDAQ:CDW – Get Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The information technology services provider reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.05. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.21 billion. CDW had a net margin of 4.37% and a return on equity of 121.34%. Analysts expect that CDW will post 9.27 earnings per share for the current year.

Institutional Trading of CDW

Institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its holdings in CDW by 76.3% during the fourth quarter. Allworth Financial LP now owns 141 shares of the information technology services provider’s stock worth $25,000 after buying an additional 61 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new stake in shares of CDW in the second quarter valued at about $26,000. SeaCrest Wealth Management LLC purchased a new stake in shares of CDW in the second quarter valued at about $40,000. First Financial Corp IN lifted its holdings in shares of CDW by 66.0% in the second quarter. First Financial Corp IN now owns 269 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 107 shares in the last quarter. Finally, Clear Street Markets LLC lifted its holdings in shares of CDW by 405.4% in the second quarter. Clear Street Markets LLC now owns 283 shares of the information technology services provider’s stock valued at $45,000 after purchasing an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 92.78% of the company’s stock.

CDW Company Profile

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CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise, hybrid, and cloud capabilities across data center and networking, digital workspace, and security.