CDW Corporation (NASDAQ:CDW) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• "Moderate Buy" consensus from eight analysts (five holds, two buys, one strong buy) with a 12‑month average target of $160.43.
• CDW beat the quarter with EPS $2.57 vs. $2.44 expected and revenue $5.51B vs. $5.33B, revenue up 6.3% year‑over‑year and analysts forecast about 10.01 EPS for the year.
• Shares trade around $136.91 (1‑year range $112.98–$192.30) with a market cap of ~$17.5B, PE ~16.9, and a quarterly dividend of $0.63 (annualized $2.52, ~1.8% yield).

CDW Corporation (NASDAQ:CDW - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $160.4286.

CDW has been the topic of a number of analyst reports. UBS Group cut their price target on shares of CDW from $190.00 to $162.00 and set a "buy" rating on the stock in a research report on Thursday, February 5th. Weiss Ratings reiterated a "hold (c-)" rating on shares of CDW in a research report on Friday, April 24th. Evercore reiterated an "outperform" rating and issued a $180.00 price target on shares of CDW in a research report on Tuesday, January 20th. JPMorgan Chase & Co. cut their price target on shares of CDW from $170.00 to $160.00 and set a "neutral" rating on the stock in a research report on Thursday, February 5th. Finally, Morgan Stanley increased their price target on shares of CDW from $141.00 to $142.00 and gave the company an "equal weight" rating in a research report on Thursday, February 5th.

CDW Stock Performance

CDW stock opened at $136.91 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.77. CDW has a 1 year low of $112.98 and a 1 year high of $192.30. The company has a market cap of $17.52 billion, a PE ratio of 16.92, a PEG ratio of 1.87 and a beta of 1.02. The company's 50-day moving average is $125.36 and its two-hundred day moving average is $135.13.

CDW (NASDAQ:CDW - Get Free Report) last released its earnings results on Wednesday, February 4th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.13. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.33 billion. CDW had a net margin of 4.76% and a return on equity of 50.66%. The company's revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.48 EPS. Equities analysts anticipate that CDW will post 10.01 earnings per share for the current year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, February 25th. CDW's dividend payout ratio (DPR) is currently 31.15%.

Institutional Trading of CDW

Hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in CDW during the 3rd quarter worth approximately $26,000. Quent Capital LLC acquired a new stake in CDW during the 3rd quarter worth approximately $57,000. eCIO Inc. acquired a new stake in CDW during the 4th quarter worth approximately $61,000. Covestor Ltd raised its holdings in CDW by 87.9% during the 3rd quarter. Covestor Ltd now owns 483 shares of the information technology services provider's stock worth $77,000 after buying an additional 226 shares during the period. Finally, American National Bank & Trust acquired a new stake in CDW during the 4th quarter worth approximately $110,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Company Profile

CDW NASDAQ: CDW is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.

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