CDW (CDW) Stock Rating Upgraded by ValuEngine

CDW (NASDAQ:CDW) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

A number of other equities analysts have also recently issued reports on CDW. BidaskClub raised shares of CDW from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Needham & Company LLC reissued a “buy” rating and set a $71.00 price objective on shares of CDW in a research report on Monday, September 18th. Stifel Nicolaus reissued a “buy” rating and set a $70.00 price objective on shares of CDW in a research report on Tuesday, September 12th. Robert W. Baird reissued a “buy” rating and set a $75.00 price objective on shares of CDW in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of CDW from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. CDW currently has an average rating of “Buy” and an average target price of $67.85.

Shares of CDW (NASDAQ:CDW) opened at $69.49 on Friday. The firm has a market capitalization of $10,636.33, a PE ratio of 25.74 and a beta of 1.06. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 4.20. CDW has a 1-year low of $50.49 and a 1-year high of $71.53.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.06. The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.99 billion. CDW had a net margin of 2.90% and a return on equity of 62.71%. The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. sell-side analysts predict that CDW will post 3.64 earnings per share for the current year.

In other CDW news, insider Jonathan J. Stevens sold 6,700 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $68.56, for a total value of $459,352.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christine A. Leahy sold 12,000 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $69.94, for a total transaction of $839,280.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,127 shares of company stock worth $9,105,265. 2.60% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of CDW. Toronto Dominion Bank increased its stake in shares of CDW by 24.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,973 shares of the information technology services provider’s stock worth $123,000 after purchasing an additional 392 shares during the last quarter. Financial Counselors Inc. increased its stake in shares of CDW by 16.7% during the 2nd quarter. Financial Counselors Inc. now owns 4,339 shares of the information technology services provider’s stock worth $271,000 after purchasing an additional 621 shares during the last quarter. ETRADE Capital Management LLC increased its stake in shares of CDW by 5.5% during the 3rd quarter. ETRADE Capital Management LLC now owns 14,291 shares of the information technology services provider’s stock worth $943,000 after purchasing an additional 748 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its stake in shares of CDW by 7.9% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 12,538 shares of the information technology services provider’s stock worth $828,000 after purchasing an additional 921 shares during the last quarter. Finally, Boston Advisors LLC increased its stake in shares of CDW by 1.9% during the 3rd quarter. Boston Advisors LLC now owns 58,061 shares of the information technology services provider’s stock worth $3,832,000 after purchasing an additional 1,108 shares during the last quarter. Hedge funds and other institutional investors own 90.55% of the company’s stock.

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About CDW

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.

Analyst Recommendations for CDW (NASDAQ:CDW)

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