CDW Co. (NASDAQ:CDW) Receives Consensus ‘Moderate Buy’ Rating from Analysts

Shares of CDW Co. (NASDAQ: CDW – Get a rating) have been given an average rating of “moderate buy” by the nine rating agencies that currently cover the company, reports. One research analyst rated the stock with a hold recommendation and seven gave the company a buy recommendation. The 12-month average target price among brokers who updated their coverage on the stock in the past year is $213.00.

A number of stock analysts have weighed in on CDW shares recently. Credit Suisse Group began covering CDW in a research note on Tuesday August 16. They issued an “outperform” rating and a price target of $202.00 on the stock. Evercore ISI reduced its price target on CDW from $250.00 to $210.00 and set an “outperform” rating for the company in a Tuesday, June 28 research report. downgraded CDW from a “buy” rating to a “hold” rating in a Tuesday, August 30 research report. Finally, JPMorgan Chase & Co. upgraded CDW from a “neutral” rating to an “overweight” rating and set a $200.00 price target for the company in a Thursday, July 14 research report.

Institutional investors weigh in on CDW

Several institutional investors have recently changed their positions in the company. LPL Financial LLC increased its stake in CDW by 8.5% in the fourth quarter. LPL Financial LLC now owns 23,039 shares of the information technology service provider worth $4,718,000 after purchasing an additional 1,801 shares in the last quarter. Mather Group LLC. acquired a new stake in CDW in Q4 worth approximately $464,000. Advisors Asset Management Inc. increased its stake in CDW by 26.6% in the fourth quarter. Advisors Asset Management Inc. now owns 25,220 shares of the information technology service provider worth $5,165,000 after buying an additional 5,306 shares in the last quarter. Zacks Investment Management increased its holdings in CDW by 218.9% in Q4. Zacks Investment Management now owns 64,713 shares of the information technology service provider worth $13,252,000 after buying an additional 44,421 shares in the last quarter. Finally, 1832 Asset Management LP increased its stake in CDW by 11.8% in the 4th quarter. 1832 Asset Management LP now owns 1,101,136 shares of the information technology service provider worth $226,961,000 after purchasing an additional 116,040 shares in the last quarter. 92.45% of the shares are currently held by institutional investors and hedge funds.

CDW is trading down 3.3%

Shares of CDW opened at $159.62 on Friday. The company’s 50-day moving average price is $173.10 and its 200-day moving average price is $169.79. The stock has a market capitalization of $21.57 billion, a P/E ratio of 21.72, a P/E/G ratio of 1.37 and a beta of 1.12. CDW has a 1-year low of $152.15 and a 1-year high of $208.71. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt ratio of 5.86.

CDW (NASDAQ:CDW – Get a rating) last released its quarterly results on Wednesday, August 3. The information technology service provider reported earnings per share of $2.36 for the quarter, beating analyst consensus estimates of $2.31 by $0.05. The company posted revenue of $6.15 billion for the quarter, versus $6.15 billion expected by analysts. CDW had a return on equity of 132.68% and a net margin of 4.41%. CDW’s revenue increased 19.4% year over year. In the same quarter last year, the company posted EPS of $1.92. Analysts expect CDW to post earnings per share of 9.22 for the current year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 9. Shareholders of record on Thursday, August 25 received a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 24. This represents an annualized dividend of $2.00 and a dividend yield of 1.25%. CDW’s dividend payout rate is 27.21%.

CDW Company Profile

(Get a rating)

CDW Corporation provides information technology (IT) solutions in the United States, United Kingdom and Canada. It operates through three segments: Corporate, Small Business and Public. The company offers discrete hardware and software products and services, as well as integrated computing solutions, including on-premises, hybrid and cloud capabilities in data centers and networks, digital workspace and security.

See also

Analyst Recommendations for CDW (NASDAQ: CDW)

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