CDW Corporation (NASDAQ:CDW) Receives $160.43 Average PT from Brokerages
by Doug Wharley · The Cerbat GemShares of CDW Corporation (NASDAQ:CDW – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $160.4286.
A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of CDW from $170.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Citigroup raised their price target on shares of CDW from $148.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. UBS Group decreased their price objective on shares of CDW from $190.00 to $162.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Evercore restated an “outperform” rating and set a $180.00 price objective on shares of CDW in a report on Tuesday, January 20th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of CDW in a report on Tuesday, January 27th.
Read Our Latest Analysis on CDW
CDW Stock Down 1.0%
CDW opened at $125.53 on Monday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.18 and a quick ratio of 1.10. The company’s 50-day moving average is $124.57 and its 200 day moving average is $137.37. CDW has a fifty-two week low of $112.98 and a fifty-two week high of $192.30. The firm has a market capitalization of $16.06 billion, a P/E ratio of 15.52, a PEG ratio of 1.75 and a beta of 1.02.
CDW (NASDAQ:CDW – Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The information technology services provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.13. CDW had a net margin of 4.76% and a return on equity of 50.66%. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same period last year, the firm earned $2.48 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Research analysts expect that CDW will post 9.41 earnings per share for the current fiscal year.
CDW Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, February 25th. CDW’s dividend payout ratio (DPR) is 31.15%.
Institutional Trading of CDW
A number of large investors have recently added to or reduced their stakes in CDW. Root Financial Partners LLC purchased a new stake in CDW during the third quarter worth about $26,000. Quent Capital LLC purchased a new stake in CDW during the third quarter worth about $57,000. eCIO Inc. purchased a new stake in CDW during the fourth quarter worth about $61,000. Covestor Ltd increased its holdings in CDW by 87.9% during the third quarter. Covestor Ltd now owns 483 shares of the information technology services provider’s stock worth $77,000 after buying an additional 226 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in CDW during the fourth quarter worth about $110,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.
About CDW
CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.
CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.