CDW Co. (NASDAQ:CDW – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $205.63.
Several analysts recently issued reports on the company. Raymond James increased their price objective on CDW from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, February 9th. Credit Suisse Group cut their target price on CDW from $195.00 to $190.00 in a report on Thursday, May 4th. JPMorgan Chase & Co. cut their target price on CDW from $225.00 to $205.00 and set an “overweight” rating on the stock in a report on Wednesday, April 19th. Bank of America lowered their price target on CDW from $200.00 to $185.00 in a research report on Thursday, May 4th. Finally, Stifel Nicolaus decreased their target price on CDW from $215.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, April 19th.
Insider Buying and Selling
In other CDW news, insider Christine A. Leahy bought 3,050 shares of the stock in a transaction on Thursday, May 4th. The stock was purchased at an average price of $163.62 per share, with a total value of $499,041.00. Following the acquisition, the insider now owns 68,622 shares of the company’s stock, valued at $11,227,931.64. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.85% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On CDW
CDW Stock Performance
CDW opened at $172.59 on Monday. The business has a fifty day simple moving average of $179.70 and a 200-day simple moving average of $187.16. The firm has a market cap of $23.26 billion, a PE ratio of 21.63, a P/E/G ratio of 1.46 and a beta of 1.11. CDW has a fifty-two week low of $147.91 and a fifty-two week high of $215.00. The company has a quick ratio of 1.15, a current ratio of 1.31 and a debt-to-equity ratio of 3.66.
CDW declared that its board has authorized a stock repurchase program on Wednesday, February 8th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the information technology services provider to buy up to 2.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
CDW Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, May 24th. CDW’s dividend payout ratio (DPR) is currently 29.57%.
CDW Corp. engages in the provision of information technology solutions to small, medium, and large business, government, education, and healthcare customers. It operates through the following segments: Corporate, Small Business, Public, and Other. The Public segment includes government agencies and education and healthcare institutions.
- Get a free copy of the StockNews.com research report on CDW (CDW)
- MarketBeat Week in Review – 5/15 – 5/19
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
Receive News & Ratings for CDW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDW and related companies with MarketBeat.com's FREE daily email newsletter.