Several brokerages have updated their recommendations and price targets on shares of CDW Corporation (NASDAQ: CDW) in the last few weeks:

  • 7/28/2017 – CDW Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “CDW Corporation offers information technology products and services to business, government, education and healthcare customers primarily in the United States and Canada. Its hardware products comprise network communications, notebooks/mobile devices, data storage, video monitors, printers, desktops and servers as well as NetComm products. The company’s software services include licensing, licensing management, software solutions and services. In addition, it offers configuration services which include virtualization, collaboration, security, mobility, data centre optimization and cloud computing. CDW Corporation is headquartered in Vernon Hills, Illinois. “
  • 7/25/2017 – CDW Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – CDW Corporation was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $64.00 price target on the stock.
  • 7/18/2017 – CDW Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CDW Corporation offers information technology products and services to business, government, education and healthcare customers primarily in the United States and Canada. Its hardware products comprise network communications, notebooks/mobile devices, data storage, video monitors, printers, desktops and servers as well as NetComm products. The company’s software services include licensing, licensing management, software solutions and services. In addition, it offers configuration services which include virtualization, collaboration, security, mobility, data centre optimization and cloud computing. CDW Corporation is headquartered in Vernon Hills, Illinois. “
  • 7/11/2017 – CDW Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $70.00 price target on the stock. According to Zacks, “CDW Corporation offers information technology products and services to business, government, education and healthcare customers primarily in the United States and Canada. Its hardware products comprise network communications, notebooks/mobile devices, data storage, video monitors, printers, desktops and servers as well as NetComm products. The company’s software services include licensing, licensing management, software solutions and services. In addition, it offers configuration services which include virtualization, collaboration, security, mobility, data centre optimization and cloud computing. CDW Corporation is headquartered in Vernon Hills, Illinois. “
  • 6/29/2017 – CDW Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/26/2017 – CDW Corporation had its price target raised by analysts at Royal Bank Of Canada from $64.00 to $70.00. They now have an “outperform” rating on the stock.

CDW Corporation (CDW) opened at 63.37 on Monday. The firm’s 50-day moving average price is $62.97 and its 200 day moving average price is $59.00. The stock has a market cap of $9.95 billion, a P/E ratio of 25.78 and a beta of 1.08. CDW Corporation has a 52-week low of $40.56 and a 52-week high of $66.33.

CDW Corporation (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, May 3rd. The information technology services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. CDW Corporation had a return on equity of 55.44% and a net margin of 2.85%. The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities analysts predict that CDW Corporation will post $3.82 earnings per share for the current year.

In other news, insider Christina M. Corley sold 4,000 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $59.01, for a total value of $236,040.00. Following the completion of the sale, the insider now owns 71,843 shares in the company, valued at $4,239,455.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas E. Richards sold 15,733 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $63.49, for a total value of $998,888.17. Following the completion of the sale, the insider now owns 747,869 shares of the company’s stock, valued at approximately $47,482,202.81. The disclosure for this sale can be found here. Insiders have sold a total of 83,833 shares of company stock valued at $5,152,381 in the last quarter. Insiders own 2.20% of the company’s stock.

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.

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