Investment Analysts’ Weekly Ratings Updates for CDW (CDW)

Several brokerages have updated their recommendations and price targets on shares of CDW (NASDAQ: CDW) in the last few weeks:

  • 2/8/2018 – CDW was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CDW Corporation offers information technology products and services to business, government, education and healthcare customers primarily in the United States and Canada. Its hardware products comprise network communications, notebooks/mobile devices, data storage, video monitors, printers, desktops and servers as well as NetComm products. The company’s software services include licensing, licensing management, software solutions and services. In addition, it offers configuration services which include virtualization, collaboration, security, mobility, data centre optimization and cloud computing. CDW Corporation is headquartered in Vernon Hills, Illinois. “
  • 2/8/2018 – CDW had its price target lowered by analysts at Morgan Stanley from $72.00 to $70.00. They now have an “equal weight” rating on the stock.
  • 2/7/2018 – CDW had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $80.00 price target on the stock.
  • 2/5/2018 – CDW was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/2/2018 – CDW was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/15/2018 – CDW had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $80.00 price target on the stock.
  • 1/10/2018 – CDW was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CDW Corporation offers information technology products and services to business, government, education and healthcare customers primarily in the United States and Canada. Its hardware products comprise network communications, notebooks/mobile devices, data storage, video monitors, printers, desktops and servers as well as NetComm products. The company’s software services include licensing, licensing management, software solutions and services. In addition, it offers configuration services which include virtualization, collaboration, security, mobility, data centre optimization and cloud computing. CDW Corporation is headquartered in Vernon Hills, Illinois. “
  • 12/31/2017 – CDW was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

CDW Corp (NASDAQ:CDW) traded up $0.09 during mid-day trading on Monday, hitting $69.14. 1,557,100 shares of the stock were exchanged, compared to its average volume of 949,881. The stock has a market capitalization of $10,582.76, a PE ratio of 20.76 and a beta of 1.06. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 4.20. CDW Corp has a twelve month low of $55.80 and a twelve 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, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.85 billion. CDW had a net margin of 3.44% and a return on equity of 68.41%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share. equities research analysts expect that CDW Corp will post 4.28 earnings per share for the current year.

The business also recently announced 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. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.21%. CDW’s dividend payout ratio is currently 25.23%.

In related news, insider Christine A. Leahy sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $72.23, for a total transaction of $288,920.00. Following the transaction, the insider now directly owns 124,677 shares in the company, valued at $9,005,419.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas E. Richards sold 13,721 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.93, for a total transaction of $1,000,672.53. Following the transaction, the insider now owns 642,302 shares in the company, valued at $46,843,084.86. The disclosure for this sale can be found here. Insiders have sold 64,396 shares of company stock valued at $4,477,782 in the last three months. Corporate insiders own 2.60% of the company’s stock.

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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