CDW (NASDAQ:CDW) Raised to Buy at Stifel Nicolaus

CDW (NASDAQ:CDWGet Rating) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Thursday, The Fly reports.

Other equities research analysts also recently issued research reports about the company. Raymond James boosted their price objective on CDW from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, February 2nd. Morgan Stanley upgraded CDW from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $201.00 to $214.00 in a report on Thursday, March 31st. StockNews.com began coverage on CDW in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup upped their price target on CDW from $210.00 to $235.00 in a research report on Thursday, February 10th. Finally, Zacks Investment Research cut CDW from a “buy” rating to a “hold” rating and set a $181.00 price target on the stock. in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, CDW currently has a consensus rating of “Buy” and an average target price of $210.00.

CDW stock opened at $170.97 on Thursday. The stock has a market cap of $23.09 billion, a PE ratio of 24.29, a P/E/G ratio of 1.46 and a beta of 1.11. The company has a quick ratio of 1.09, a current ratio of 1.27 and a debt-to-equity ratio of 9.57. The business’s 50-day moving average price is $176.90 and its two-hundred day moving average price is $186.05. CDW has a 12-month low of $162.47 and a 12-month high of $208.71.

CDW (NASDAQ:CDWGet Rating) last posted its quarterly earnings data on Wednesday, February 9th. The information technology services provider reported $1.98 EPS for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.10. The company had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.21 billion. CDW had a return on equity of 115.79% and a net margin of 4.75%. During the same period in the previous year, the firm earned $1.79 earnings per share. As a group, analysts expect that CDW will post 8.96 earnings per share for the current year.

In other news, insider Albert Joseph Miralles, Jr. bought 1,650 shares of the stock in a transaction dated Friday, February 11th. The stock was bought at an average price of $181.96 per share, for a total transaction of $300,234.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.33% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDW. Zullo Investment Group Inc. purchased a new position in shares of CDW in the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its stake in CDW by 160.7% during the third quarter. Wolff Wiese Magana LLC now owns 159 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 98 shares during the last quarter. Neo Ivy Capital Management purchased a new position in CDW during the fourth quarter valued at $29,000. MUFG Americas Holdings Corp raised its stake in CDW by 560.0% during the third quarter. MUFG Americas Holdings Corp now owns 165 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 140 shares during the last quarter. Finally, Sandy Cove Advisors LLC purchased a new position in CDW during the fourth quarter valued at $36,000. Institutional investors own 89.86% of the company’s stock.

About CDW (Get Rating)

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.

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