CDW Corp Given New $33.00 Price Target at Goldman Sachs (CDW)
Goldman Sachs lifted their price target on shares of CDW Corp (NASDAQ:CDW) from $32.00 to $33.00 in a research note issued on Friday, ARN reports. Goldman Sachs’ price target would suggest a potential upside of 12.63% from the company’s current price.
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’s 50-day moving average is $27.77 and its 200-day moving average is $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 announced its 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 declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Tuesday, May 27th will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, May 22nd.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Barclays raised their price target on shares of CDW Corp from $26.00 to $29.00 in a research note on Friday, February 14th. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $30.00.
CDW Corporation (NASDAQ:CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada.
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