CDW Co. (NASDAQ:CDW) Receives $241.75 Consensus PT from Analysts

Shares of CDW Co. (NASDAQ:CDW) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $241.75.

Several brokerages have weighed in on CDW. Redburn Atlantic started coverage on shares of CDW in a research note on Friday, November 15th. They set a “buy” rating and a $230.00 price objective on the stock. Morgan Stanley lifted their price objective on CDW from $190.00 to $193.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. cut CDW from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $260.00 to $235.00 in a report on Monday, October 28th. Citigroup downgraded shares of CDW from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $250.00 to $245.00 in a research report on Tuesday, October 1st. Finally, Barclays lowered their price objective on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA acquired a new stake in shares of CDW in the 3rd quarter valued at approximately $416,111,000. Janus Henderson Group PLC lifted its stake in CDW by 7,029.1% in the third quarter. Janus Henderson Group PLC now owns 1,466,597 shares of the information technology services provider’s stock valued at $331,891,000 after acquiring an additional 1,446,025 shares during the last quarter. Holocene Advisors LP bought a new position in shares of CDW in the 3rd quarter valued at about $172,217,000. Perpetual Ltd acquired a new position in shares of CDW during the 3rd quarter worth about $158,300,000. Finally, Ceredex Value Advisors LLC bought a new stake in shares of CDW in the 2nd quarter valued at about $79,549,000. Institutional investors own 93.15% of the company’s stock.

CDW Trading Up 0.6 %

Shares of CDW opened at $175.56 on Tuesday. The stock has a 50 day simple moving average of $190.37 and a 200-day simple moving average of $211.36. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 2.39. The stock has a market cap of $23.40 billion, a PE ratio of 21.46, a PEG ratio of 5.01 and a beta of 1.02. CDW has a 1 year low of $170.68 and a 1 year high of $263.37.

CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.05). The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.72 billion. CDW had a net margin of 5.33% and a return on equity of 58.31%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.60 EPS. On average, sell-side analysts predict that CDW will post 8.99 EPS for the current fiscal year.

CDW Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were paid a $0.625 dividend. This is a boost from CDW’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, November 25th. This represents a $2.50 annualized dividend and a yield of 1.42%. CDW’s payout ratio is presently 30.56%.

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 and cloud capabilities across hybrid infrastructure, digital experience, and security.