According to Bloomberg Ratings, the nine brokerages that are now covering the company have given shares of CDW Co. (NASDAQ: CDW) a rating of “Moderate Buy” as the company’s overall consensus recommendation. This rating represents the company’s overall consensus recommendation to buy the stock. Only one member of the investment community has suggested that shareholders keep the same amount of stock in their portfolios that they already have. In contrast, eight have suggested that investors buy shares. The average price that analysts who have rated the company’s stock over the past year have projected to reach within the next 12 months is $209.57, which is their current price target for the stock.
Several research firms have recently produced reports on CDW, which you can find here. In a research note published on November 3, Raymond James downgraded CDW from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $220.00 to $200.00. In a report made public on Tuesday, JPMorgan Chase & Co. announced that they had increased their price objective on CDW from $215.00 to $225.00. In addition to that, the company gave the stock an “overweight” rating. Finally, in a research report published on November 3, Morgan Stanley upgraded CDW to an “overweight” rating and increased their price objective on the stock from $200 to $210.00.
Additionally, they raised their price target for CDW from $200 to $210.00. As part of a research report published on November 3, Citigroup lowered its “buy” rating and price objective for CDW from $220.00 to $210.00. Additionally, the price objective remained the same. On October 12, a research report on CDW shares was made available on StockNews.com. This publication marked the beginning of the company’s coverage of CDW shares. They advised their clients to “hold” the stock moving forward.
On Friday, trading on the NASDAQ CDW began for $177.82 per share. The stock has been trading at $172.06 on average over the past two hundred days, while its moving average price over the past fifty days is $178.68. The quick ratio is 1.12, the current ratio is 1.29, and the debt-to-equity ratio is 4.60. All three ratios are very close to each other. Moreover, there is a striking similarity between each of the three ratios. The company possesses a P/E ratio of 23.37, a PEG ratio of 1.47, and a beta coefficient of 1.14, all of which contribute to its market value of $24.08 billion. During the past year, the price of CDW has fluctuated between a low of $147.91 and a high of $208.71.
The company recently declared a quarterly dividend, which was paid out to shareholders of record on Friday, November 25, at a rate of $0.59 per share on Friday, December 9. In addition, the company just recently made this announcement. The company only recently announced the dividend. This translates to a yield of 1.33% and a dividend payment of $2.36 yearly for every shareholder. This dividend’s ex-dividend date was on November 23 (a Wednesday), and the dividend itself took place on November 23. Compared to the previous quarterly dividend payment of $0.50, this represents an increase for CDW. The payout ratio for CDW currently stands at 31.01% at present.
In recent months, several hedge funds and other institutional investors have adjusted the proportion of businesses held within their investment portfolios. During the third quarter, Thompson, Siegel & Walmsley LLC invested CDW amounting to 1,483,000 dollars. CDW was the recipient of this investment. During the third quarter, Robeco Institutional Asset Management B.V. saw a 78.5% rise in the proportion of CDW shares that it held in its portfolio. Robeco Institutional Asset Management B.V. now has a total of 53,352 shares of the information technology services provider’s stock, which is currently valued at $8,327,000 after purchasing an additional 23,463 shares during the most recent period. During the third quarter, Toroso Investments LLC increased its holdings by 8.8 percent by purchasing additional CDW shares. Toroso Investments LLC now has 6,381 shares of the information technology services provider’s stock, which has a value of $996,000. This is because the company made an additional purchase of 516 shares during the relevant period. In addition, IHT Wealth Management LLC increased its holdings in CDW by approximately that amount during the third quarter by purchasing approximately 283,000 additional shares of CDW. And finally, during the third quarter, B. Riley Wealth Advisors Inc. increased the CDW it held by 65.4% compared to the amount it had previously held. B. Riley Wealth Advisors Inc. has a total of 2,896 shares of stock in the information technology services provider, which are currently valued at $452,000 after making an additional purchase of 1,145 shares during the period in question. This brings the company’s total number of shares to 2,896. The majority of the shares in the company are owned by institutional investors and hedge funds, which account for 92.78 percent of the total.
The United States of America, the United Kingdom of Great Britain, and Canada are served by CDW Corporation’s information technology (I.T.) solution offerings. It operates in corporate, small company, and public markets and has three distinct types of operational segments. First, the company offers standalone hardware and software and complete information technology solutions for networking, digital workplaces, and safety. On-premises, hybrid, or cloud-based deployment models are all viable options for these solutions. In addition to that, it offers unified solutions for information technology.
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