CDW Co. (NASDAQ:CDW) Receives $250.00 Average Target Price from Analysts

CDW Co. (NASDAQ:CDW) has received an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $250.00.

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on CDW from $280.00 to $265.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Evercore ISI raised their price objective on shares of CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Stifel Nicolaus cut their target price on shares of CDW from $265.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Barclays lowered their price target on CDW from $261.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Finally, Northcoast Research upgraded CDW from a “neutral” rating to a “buy” rating and set a $270.00 price objective for the company in a report on Friday, June 7th.

Hedge Funds Weigh In On CDW

Several hedge funds and other institutional investors have recently modified their holdings of CDW. Tsfg LLC bought a new position in CDW in the 1st quarter worth $26,000. Rise Advisors LLC bought a new stake in CDW during the 1st quarter valued at approximately $34,000. Larson Financial Group LLC purchased a new position in shares of CDW during the 4th quarter worth approximately $30,000. VisionPoint Advisory Group LLC purchased a new position in shares of CDW in the 3rd quarter valued at approximately $28,000. Finally, ORG Partners LLC bought a new stake in shares of CDW during the fourth quarter valued at approximately $36,000. 93.15% of the stock is owned by institutional investors.

CDW Stock Up 0.4 %

CDW stock opened at $224.06 on Tuesday. CDW has a twelve month low of $176.05 and a twelve month high of $263.37. The firm has a market capitalization of $30.11 billion, a PE ratio of 27.97, a PEG ratio of 3.31 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 2.35. The stock has a 50-day simple moving average of $227.60 and a two-hundred day simple moving average of $233.59.

CDW (NASDAQ:CDW) last posted its earnings results on Wednesday, May 1st. The information technology services provider reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.15). The firm had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.94 billion. CDW had a return on equity of 67.56% and a net margin of 5.16%. On average, equities analysts predict that CDW will post 9.67 EPS for the current fiscal year.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Friday, May 24th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Thursday, May 23rd. CDW’s payout ratio is 30.96%.

About CDW

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.