CDW Co. (NASDAQ:CDW) Receives Average Rating of “Moderate Buy” from Analysts

CDW Co. (NASDAQ:CDWGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $250.00.

Several equities analysts have recently commented on the company. Evercore ISI boosted their price objective on CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Northcoast Research raised CDW from a “neutral” rating to a “buy” rating and set a $270.00 price target on the stock in a report on Friday, June 7th. Barclays cut their price objective on shares of CDW from $261.00 to $232.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Citigroup dropped their target price on shares of CDW from $295.00 to $260.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus reduced their price target on shares of CDW from $265.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd.

Get Our Latest Stock Report on CDW

Institutional Trading of CDW

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tsfg LLC purchased a new stake in CDW in the 1st quarter worth about $26,000. VisionPoint Advisory Group LLC purchased a new stake in shares of CDW in the third quarter worth approximately $28,000. Larson Financial Group LLC bought a new stake in shares of CDW during the 4th quarter worth approximately $30,000. Rise Advisors LLC purchased a new position in CDW during the 1st quarter valued at $34,000. Finally, Orion Capital Management LLC bought a new position in CDW in the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

CDW Price Performance

Shares of CDW stock opened at $231.61 on Tuesday. The stock’s fifty day moving average is $228.42 and its 200 day moving average is $233.65. CDW has a one year low of $170.96 and a one year high of $263.37. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.13 and a current ratio of 1.26. The stock has a market cap of $31.13 billion, a P/E ratio of 28.92, a P/E/G ratio of 3.42 and a beta of 1.06.

CDW (NASDAQ:CDWGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.15). The company had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.94 billion. CDW had a net margin of 5.16% and a return on equity of 67.56%. Sell-side analysts anticipate that CDW will post 9.67 earnings per share for the current year.

CDW Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Friday, May 24th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.48 annualized dividend and a yield of 1.07%. CDW’s payout ratio is currently 30.96%.

CDW Company Profile

(Get Free Report

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 and cloud capabilities across hybrid infrastructure, digital experience, and security.

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Analyst Recommendations for CDW (NASDAQ:CDW)

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