CDW Corp Given New $32.00 Price Target at JPMorgan Chase & Co. (CDW)
JPMorgan Chase & Co. upped their target price on shares of CDW Corp (NASDAQ:CDW) from $26.00 to $32.00 in a research note issued on Friday, American Banking and Market News reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 9.22% from the stock’s previous close.
A number of other firms have also recently commented on CDW. Analysts at Goldman Sachs raised their price target on shares of CDW Corp from $32.00 to $33.00 in a research note on Friday. Separately, analysts at Stifel Nicolaus raised their price target on shares of CDW Corp from $29.00 to $32.00 in a research note on Tuesday, April 15th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of CDW Corp from $27.00 to $30.00 in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. CDW Corp presently has a consensus rating of “Buy” and an average target price of $30.00.
Shares of CDW Corp (NASDAQ:CDW) opened at 29.30 on Friday. CDW Corp has a 52-week low of $17.38 and a 52-week high of $29.70. The stock has a 50-day moving average of $27.77 and a 200-day moving average of $24.5. The company has a market cap of $5.038 billion and a P/E ratio of 34.14.
CDW Corp (NASDAQ:CDW) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.04. The company had revenue of $650.00 million for the quarter, compared to the consensus estimate of $2.57 billion. CDW Corp’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that CDW Corp will post $2.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Thursday, May 22nd.
CDW Corporation (NASDAQ:CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada.
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