Shares of CDW Corp (NASDAQ:CDW) have been assigned a consensus rating of “Buy” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $71.25.
Several equities research analysts have commented on CDW shares. Zacks Investment Research upgraded CDW from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Monday, October 30th. Robert W. Baird restated a “buy” rating and issued a $75.00 target price on shares of CDW in a research note on Wednesday, November 1st. Morgan Stanley boosted their target price on CDW from $58.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Barclays restated a “hold” rating and issued a $69.00 target price on shares of CDW in a research note on Sunday, November 5th. Finally, BidaskClub upgraded CDW from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th.
In other news, insider Frederick J. Kulevich sold 2,051 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $71.30, for a total transaction of $146,236.30. Following the sale, the insider now owns 16,504 shares in the company, valued at approximately $1,176,735.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas E. Richards sold 14,368 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $68.50, for a total value of $984,208.00. Following the sale, the insider now owns 670,391 shares in the company, valued at approximately $45,921,783.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,942 shares of company stock worth $4,697,518. Company insiders own 2.60% of the company’s stock.
CDW (NASDAQ:CDW) traded down $0.03 during midday trading on Friday, reaching $73.49. The company’s stock had a trading volume of 1,008,241 shares, compared to its average volume of 1,010,000. The company has a market cap of $11,250.00, a PE ratio of 25.88 and a beta of 1.06. The company has a debt-to-equity ratio of 4.20, a current ratio of 1.37 and a quick ratio of 1.15. CDW has a 12-month low of $55.80 and a 12-month high of $76.73.
CDW (NASDAQ:CDW) last released its earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.85 billion. CDW had a return on equity of 68.41% and a net margin of 3.44%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. sell-side analysts forecast that CDW will post 4.56 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, February 23rd. CDW’s dividend payout ratio is currently 29.58%.
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CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.
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