CDW Co. (NASDAQ:CDW) Receives Average Rating of “Buy” from Analysts

CDW Co. (NASDAQ:CDW – Get Rating) has been given a consensus recommendation of “Buy” by the nine ratings firms that are currently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is $209.57.

A number of research analysts have issued reports on the stock. StockNews.com raised shares of CDW from a “hold” rating to a “buy” rating in a report on Thursday, January 12th. Morgan Stanley increased their target price on shares of CDW from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, November 3rd. Raymond James dropped their price objective on shares of CDW from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, November 3rd. JPMorgan Chase & Co. raised their price objective on shares of CDW from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 20th. Finally, Citigroup dropped their price objective on shares of CDW from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Thursday, November 3rd.

CDW Trading Up 0.8 %

Shares of CDW stock opened at $194.85 on Tuesday. CDW has a 12-month low of $147.91 and a 12-month high of $199.77. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 4.60. The stock has a market cap of $26.38 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.49 and a beta of 1.13. The company has a 50-day moving average of $184.30 and a two-hundred day moving average of $174.53.

CDW (NASDAQ:CDW – Get Rating) last issued its earnings results on Wednesday, November 2nd. The information technology services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.05. CDW had a net margin of 4.37% and a return on equity of 121.34%. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.21 billion. On average, research analysts anticipate that CDW will post 9.27 EPS for the current fiscal year.

CDW Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Friday, November 25th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Wednesday, November 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 1.21%. This is a positive change from CDW’s previous quarterly dividend of $0.50. CDW’s dividend payout ratio (DPR) is 31.01%.

Institutional Trading of CDW

A number of hedge funds have recently bought and sold shares of CDW. Cambridge Investment Research Advisors Inc. boosted its position in CDW by 9.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,513 shares of the information technology services provider’s stock worth $1,165,000 after acquiring an additional 547 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in CDW during the first quarter worth approximately $103,000. Panagora Asset Management Inc. boosted its position in CDW by 160.4% during the first quarter. Panagora Asset Management Inc. now owns 4,645 shares of the information technology services provider’s stock worth $831,000 after acquiring an additional 2,861 shares during the last quarter. Yousif Capital Management LLC boosted its position in CDW by 0.3% during the first quarter. Yousif Capital Management LLC now owns 20,523 shares of the information technology services provider’s stock worth $3,671,000 after acquiring an additional 65 shares during the last quarter. Finally, Blair William & Co. IL boosted its holdings in shares of CDW by 1.5% in the 1st quarter. Blair William & Co. IL now owns 33,977 shares of the information technology services provider’s stock valued at $6,078,000 after purchasing an additional 515 shares during the last quarter. Institutional investors and hedge funds own 92.78% of the company’s stock.

CDW Company Profile

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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.