CDW - CDW Stock Forecast, Price & News

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

8 brokers have issued 1-year target prices for CDW's shares. Their CDW share price forecasts range from $200.00 to $210.00. On average, they anticipate the company's share price to reach $206.00 in the next twelve months. This suggests a possible upside of 8.4% 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 $204.78 at the start of the year. Since then, CDW stock has decreased by 7.2% and is now trading at $190.02.
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CDW saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 1,470,000 shares, a drop of 12.5% from the October 31st total of 1,680,000 shares. Based on an average trading volume of 647,200 shares, the short-interest ratio is currently 2.3 days. Currently, 1.1% of the shares of the stock are short sold.
View CDW's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our CDW earnings forecast.

CDW Co. (NASDAQ:CDW) issued its quarterly earnings data on Wednesday, November, 3rd. The information technology services provider reported $2.13 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.08. The information technology services provider earned $5.30 billion during the quarter, compared to analyst estimates of $5.32 billion. CDW had a trailing twelve-month return on equity of 121.34% and a net margin of 4.37%. The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 earnings per share.
Read the conference call transcript.

CDW announced a quarterly dividend on Wednesday, November 2nd. Shareholders of record on Friday, November 25th will be paid a dividend of $0.59 per share on Friday, December 9th. This represents a $2.36 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Wednesday, November 23rd. This is a positive change from the stock's previous quarterly dividend of $0.50.
Read our dividend analysis for CDW.

CDW (NASDAQ:CDW) pays an annual dividend of $2.36 per share and currently has a dividend yield of 1.23%. 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 31.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CDW will have a dividend payout ratio of 23.60% 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 of Directors has initiated a share repurchase program on Wednesday, February 10th 2021, which allows the company to repurchase $1,250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 5.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.87%), BlackRock Inc. (7.82%), Alliancebernstein L.P. (3.86%), State Street Corp (3.79%), Longview Partners Guernsey LTD (2.28%) and Neuberger Berman Group LLC (1.97%). Insiders that own company stock include Albert Joseph Miralles Jr, Christina M Corley, Christina M Corley, Christine A Leahy, Collin B Kebo, Collin B Kebo, Donna F Zarcone, Douglas E Eckrote, Frederick J Kulevich, Mark Chong, Matthew A Troka, Robert F Kirby and Thomas E Richards.
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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 $190.02.

CDW (NASDAQ:CDW) has a market capitalization of $25.73 billion and generates $20.82 billion in revenue each year. The information technology services provider earns $988.60 million in net income (profit) each year or $7.61 on an earnings per share basis.

The company employs 9,900 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.