CDW (NASDAQ:CDW – Get Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.
Several other equities research analysts have also issued reports on the company. Morgan Stanley upped their price target on CDW from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, November 3rd. JPMorgan Chase & Co. upped their price target on CDW from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, December 20th. Raymond James dropped their target price on CDW from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, November 3rd. Finally, Citigroup dropped their target price on CDW from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CDW currently has a consensus rating of “Buy” and a consensus target price of $209.57.
CDW Stock Performance
Shares of CDW stock traded up $2.81 on Thursday, hitting $193.39. 686,236 shares of the stock traded hands, compared to its average volume of 541,680. The company has a debt-to-equity ratio of 4.60, a current ratio of 1.29 and a quick ratio of 1.12. The company has a market capitalization of $26.18 billion, a PE ratio of 25.41, a PEG ratio of 1.40 and a beta of 1.13. CDW has a 1-year low of $147.91 and a 1-year high of $199.77. The company’s fifty day moving average is $183.40 and its 200 day moving average is $173.85.
CDW (NASDAQ:CDW – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The information technology services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.05. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.21 billion. CDW had a return on equity of 121.34% and a net margin of 4.37%. On average, equities research analysts predict that CDW will post 9.27 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of CDW by 0.8% during the third quarter. Vanguard Group Inc. now owns 16,072,467 shares of the information technology services provider’s stock valued at $2,508,590,000 after purchasing an additional 120,738 shares during the period. State Street Corp increased its holdings in shares of CDW by 0.5% during the third quarter. State Street Corp now owns 5,128,543 shares of the information technology services provider’s stock valued at $800,463,000 after purchasing an additional 26,442 shares during the period. FMR LLC increased its holdings in shares of CDW by 89.8% during the second quarter. FMR LLC now owns 4,868,526 shares of the information technology services provider’s stock valued at $767,086,000 after purchasing an additional 2,303,669 shares during the period. Fiduciary Management Inc. WI increased its holdings in shares of CDW by 12.7% during the third quarter. Fiduciary Management Inc. WI now owns 1,675,953 shares of the information technology services provider’s stock valued at $261,583,000 after purchasing an additional 188,689 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of CDW by 5.5% during the second quarter. JPMorgan Chase & Co. now owns 1,427,776 shares of the information technology services provider’s stock valued at $224,962,000 after purchasing an additional 75,043 shares during the period. 92.78% of the stock is owned by institutional investors and hedge funds.
CDW Company Profile
CDW Corporation provides information technology (IT) solutions in the United States, the 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 IT solutions, including on-premise, hybrid, and cloud capabilities across data center and networking, digital workspace, and security.