CDW Corp.’s “Hold” Rating Reaffirmed at Barclays Capital (CDW)
CDW Corp. (NYSE:CDW)‘s stock had its “hold” rating reaffirmed by equities researchers at Barclays Capital in a research report issued on Friday, Stock Ratings Network.com reports. They currently have a $24.00 price objective on the stock. Barclays Capital’s price objective suggests a potential upside of 4.85% from the company’s current price.
A number of other analysts have also recently weighed in on CDW. Analysts at Morgan Stanley initiated coverage on shares of CDW Corp. (NYSE:CDW) in a research note to investors on Wednesday, August 7th. They set an “equal weight” rating on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of CDW Corp. (NYSE:CDW) in a research note to investors on Tuesday, August 6th. They set a “buy” rating on the stock. Finally, analysts at William Blair initiated coverage on shares of CDW Corp. (NYSE:CDW) in a research note to investors on Tuesday, August 6th. They set an “outperform” rating on the stock.
Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $26.00.
Shares of CDW Corp. (NYSE:CDW) traded down 2.43% on Friday, hitting $22.89. 1,170,867 shares of the company’s stock traded hands. CDW Corp. has a 52 week low of $17.38 and a 52 week high of $23.99. The stock has a 50-day moving average of $22.9 and a 200-day moving average of $21.77. The company has a market cap of $3.936 billion and a price-to-earnings ratio of 20.29.
CDW Corp. (NYSE:CDW) last released its earnings data on Friday, August 2nd. The company reported $0.00 earnings per share for the quarter. The company had revenue of $2.78 million for the quarter, compared to the consensus estimate of $2.58 million. On average, analysts predict that CDW Corp. will post $1.75 earnings per share for the current fiscal year.
CDW Corporation (NYSE:CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada.
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