A number of other equities research analysts have also recently weighed in on CDW. Deutsche Bank AG boosted their price objective on CDW Corp. from $43.00 to $48.00 and gave the company a buy rating in a research note on Thursday, August 4th. Barclays PLC reiterated an overweight rating and issued a $47.00 price objective on shares of CDW Corp. in a research note on Friday, July 1st. Zacks Investment Research upgraded CDW Corp. from a sell rating to a hold rating in a research note on Wednesday, June 22nd. Finally, Raymond James Financial Inc. reiterated a market perform rating on shares of CDW Corp. in a research note on Tuesday, August 2nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $46.10.
Shares of CDW Corp. (NASDAQ:CDW) opened at 44.32 on Tuesday. The company has a 50-day moving average of $45.09 and a 200-day moving average of $42.81. The firm has a market cap of $7.24 billion, a PE ratio of 17.21 and a beta of 0.95. CDW Corp. has a 1-year low of $30.40 and a 1-year high of $47.50.
CDW Corp. (NASDAQ:CDW) last posted its earnings results on Wednesday, August 3rd. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.08. The firm earned $3.66 billion during the quarter, compared to analysts’ expectations of $3.65 billion. CDW Corp. had a return on equity of 46.02% and a net margin of 3.18%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. Analysts predict that CDW Corp. will post $3.32 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in CDW. Pacer Advisors Inc. raised its stake in CDW Corp. by 500.9% in the second quarter. Pacer Advisors Inc. now owns 2,800 shares of the company’s stock valued at $112,000 after buying an additional 2,334 shares during the period. IFP Advisors Inc raised its stake in CDW Corp. by 9.4% in the first quarter. IFP Advisors Inc now owns 2,819 shares of the company’s stock valued at $117,000 after buying an additional 242 shares during the period. Ropes Wealth Advisors LLC raised its stake in CDW Corp. by 632.0% in the second quarter. Ropes Wealth Advisors LLC now owns 3,111 shares of the company’s stock valued at $125,000 after buying an additional 2,686 shares during the period. Creative Planning raised its stake in CDW Corp. by 160.9% in the third quarter. Creative Planning now owns 3,178 shares of the company’s stock valued at $145,000 after buying an additional 1,960 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in CDW Corp. by 14.5% in the second quarter. Daiwa Securities Group Inc. now owns 3,550 shares of the company’s stock valued at $142,000 after buying an additional 450 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.
CDW Corp. Company Profile
CDW Corporation (CDW) provides integrated information technology (IT) solutions. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers. The Corporate segment is divided into a medium/large business customer channel, serving customers with approximately 100 employees and a small business customer channel, serving customers with over 100 employees.
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