Analysts Set CDW Corp. (NASDAQ:CDW) PT at $46.11
CDW Corp. (NASDAQ:CDW) has been given an average recommendation of “Buy” by the thirteen ratings firms that are presently covering the company. Four research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $46.11.
A number of analysts have issued reports on CDW shares. Deutsche Bank AG raised their target price on CDW Corp. from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Zacks Investment Research downgraded CDW Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Raymond James Financial Inc. reissued a “market perform” rating on shares of CDW Corp. in a research report on Tuesday, August 2nd. RBC Capital Markets reissued an “outperform” rating and issued a $48.00 target price (up from $46.00) on shares of CDW Corp. in a research report on Thursday, August 4th. Finally, Barclays PLC reissued an “overweight” rating and issued a $47.00 target price on shares of CDW Corp. in a research report on Friday, July 1st.
Shares of CDW Corp. (NASDAQ:CDW) opened at 45.64 on Thursday. CDW Corp. has a 52-week low of $30.40 and a 52-week high of $46.92. The company has a market capitalization of $7.45 billion, a P/E ratio of 17.72 and a beta of 0.95. The stock’s 50 day moving average price is $44.67 and its 200-day moving average price is $42.21.
CDW Corp. (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.08. The company earned $3.66 billion during the quarter, compared to the consensus estimate of $3.65 billion. CDW Corp. had a return on equity of 46.02% and a net margin of 3.18%. CDW Corp.’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $0.81 earnings per share. On average, equities analysts expect that CDW Corp. will post $3.32 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Thursday, August 25th were paid a dividend of $0.1075 per share. This represents a $0.43 annualized dividend and a yield of 0.94%. The ex-dividend date was Tuesday, August 23rd. CDW Corp.’s dividend payout ratio (DPR) is currently 16.80%.
A number of large investors have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of CDW Corp. during the fourth quarter valued at about $56,157,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in CDW Corp. by 10.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,713 shares of the company’s stock valued at $1,814,000 after buying an additional 4,216 shares in the last quarter. Capstone Asset Management Co. increased its position in CDW Corp. by 3.9% in the first quarter. Capstone Asset Management Co. now owns 81,438 shares of the company’s stock valued at $3,380,000 after buying an additional 3,080 shares in the last quarter. Atalanta Sosnoff Capital LLC bought a new position in CDW Corp. during the first quarter valued at approximately $276,000. Finally, Fox Run Management L.L.C. bought a new position in CDW Corp. during the first quarter valued at approximately $357,000. 90.29% of the stock is owned by hedge funds and other institutional investors.
About CDW Corp.
CDW Corporation (CDW) provides integrated information technology (IT) solutions. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers. The Corporate segment is divided into a medium/large business customer channel, serving customers with approximately 100 employees and a small business customer channel, serving customers with over 100 employees.
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