Analysts Set CDW Co. (NASDAQ:CDW) Price Target at $251.11

CDW Co. (NASDAQ:CDW) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $251.11.

A number of brokerages have commented on CDW. JPMorgan Chase & Co. decreased their price target on CDW from $280.00 to $265.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Citigroup decreased their price target on CDW from $295.00 to $260.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Barclays decreased their price target on CDW from $261.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Stifel Nicolaus lifted their price target on CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Northcoast Research raised CDW from a “neutral” rating to a “buy” rating and set a $270.00 target price on the stock in a research note on Friday, June 7th.

Insider Activity

In other CDW news, insider Sona Chawla sold 18,437 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total value of $4,433,176.65. Following the transaction, the insider now owns 22,428 shares of the company’s stock, valued at $5,392,812.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of CDW

Institutional investors have recently made changes to their positions in the business. Tsfg LLC purchased a new stake in shares of CDW during the first quarter worth about $26,000. Larson Financial Group LLC bought a new position in CDW during the fourth quarter valued at approximately $30,000. Rise Advisors LLC bought a new position in CDW during the first quarter valued at approximately $34,000. ORG Partners LLC bought a new position in CDW during the second quarter valued at approximately $34,000. Finally, Oakworth Capital Inc. bought a new position in CDW during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

CDW Stock Performance

NASDAQ:CDW opened at $229.74 on Friday. The business has a 50 day moving average of $226.21 and a 200 day moving average of $234.00. The company has a market capitalization of $30.88 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 3.38 and a beta of 1.04. CDW has a 1-year low of $184.99 and a 1-year high of $263.37. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.26 and a quick ratio of 1.13.

CDW (NASDAQ:CDW) last released 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 during 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, sell-side analysts predict that CDW will post 9.67 earnings per share for the current fiscal year.

CDW Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, May 23rd. CDW’s payout ratio is currently 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.