CDW (CDW) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CDW in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CDW shares.
View CDW analyst ratings or view top-rated stocks.

8 equities research analysts have issued 1-year price objectives for CDW's shares. Their CDW share price forecasts range from $185.00 to $230.00. On average, they anticipate the company's stock price to reach $207.00 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price.
View analysts price targets for CDW or view top-rated stocks among Wall Street analysts.

CDW's stock was trading at $178.58 at the start of the year. Since then, CDW shares have increased by 13.5% and is now trading at $202.61.
View the best growth stocks for 2023 here.

CDW saw a increase in short interest in September. As of September 15th, there was short interest totaling 2,040,000 shares, an increase of 35.1% from the August 31st total of 1,510,000 shares. Based on an average daily volume of 610,700 shares, the days-to-cover ratio is presently 3.3 days. Currently, 1.5% of the shares of the company are sold short.
View CDW's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CDW earnings forecast.

CDW Co. (NASDAQ:CDW) issued its quarterly earnings results on Wednesday, August, 2nd. The information technology services provider reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.18. The information technology services provider had revenue of $5.63 billion for the quarter, compared to analysts' expectations of $5.39 billion. CDW had a net margin of 4.81% and a trailing twelve-month return on equity of 83.33%.

CDW declared a quarterly dividend on Thursday, August 24th. Stockholders of record on Friday, August 25th will be given a dividend of $0.59 per share on Tuesday, September 12th. This represents a $2.36 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Thursday, August 24th.
Read our dividend analysis for CDW.

ETFs with the largest weight of CDW (NASDAQ:CDW) stock in their portfolio include Argent Mid Cap ETF (AMID), Invesco ESG NASDAQ Next Gen 100 ETF (QQJG), BTD Capital Fund (DIP), VictoryShares Nasdaq Next 50 ETF (QQQN), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Invesco Zacks Mid-Cap ETF (CZA), Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Harbor Dividend Growth Leaders ETF (GDIV).

CDW (NASDAQ:CDW) pays an annual dividend of $2.36 per share and currently has a dividend yield of 1.18%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 30.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CDW will have a dividend payout ratio of 23.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CDW.

CDW announced that its board has initiated a share buyback program on Wednesday, February 8th 2023, which permits the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Based on aggregate information from My MarketBeat watchlists, some companies that other CDW investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Accenture (ACN), Athabasca Oil (ATH), Intel (INTC), Zoetis (ZTS) and AutoZone (AZO).

CDW trades on the NASDAQ under the ticker symbol "CDW."

CDW's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.43%), State Street Corp (4.02%), Alliancebernstein L.P. (3.40%), Longview Partners Guernsey LTD (2.50%), Geode Capital Management LLC (2.20%) and Capital World Investors (1.48%). Insiders that own company stock include Albert Joseph Miralles Jr, Christina M Corley, Christina M Corley, Christine A Leahy, Collin B Kebo, Donna F Zarcone and Frederick J Kulevich.
View institutional ownership trends.

Shares of CDW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CDW stock can currently be purchased for approximately $202.61.

CDW (NASDAQ:CDW) has a market capitalization of $27.16 billion and generates $23.75 billion in revenue each year. The information technology services provider earns $1.11 billion in net income (profit) each year or $7.86 on an earnings per share basis.

The company employs 10,600 workers across the globe.

CDW's mailing address is 75 TRI-STATE INTERNATIONAL, LINCOLNSHIRE IL, 60069. The official website for the company is www.cdw.com. The information technology services provider can be reached via phone at (847) 465-6000 or via email at investorrelations@cdw.com.