CDK Global (CDK) Getting Somewhat Favorable Press Coverage, Study Finds
Press coverage about CDK Global (NASDAQ:CDK) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CDK Global earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 46.9484697853606 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- CDK Global, Inc. breached its 50 day moving average in a Bearish Manner : CDK-US : September 11, 2017 (finance.yahoo.com)
- CDK Global, Inc. (CDK) Expected to Post Earnings of $0.69 Per Share (americanbankingnews.com)
- CDK, ActivEngage Roll Out New Retailing Platform (fi-magazine.com)
- See How CDK Global Ranks Among Analysts’ Top Picks With Strong Buyback Activity (thestreet.com)
- CDK Global, Inc. (CDK) Ex-Dividend Date Scheduled for… (nasdaq.com)
A number of research analysts recently issued reports on the company. Wells Fargo & Company upgraded CDK Global from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Wednesday, June 21st. BidaskClub upgraded CDK Global from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded CDK Global from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Evercore ISI upgraded CDK Global from an “in-line” rating to an “outperform” rating and set a $72.00 price objective for the company in a report on Monday, July 10th. Finally, TheStreet downgraded CDK Global from a “c” rating to a “d+” rating in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. CDK Global presently has an average rating of “Buy” and a consensus target price of $71.75.
CDK Global (NASDAQ:CDK) opened at 61.27 on Wednesday. The company has a market capitalization of $8.59 billion, a P/E ratio of 30.79 and a beta of 0.75. The company’s 50 day moving average price is $63.19 and its 200-day moving average price is $63.50. CDK Global has a 12-month low of $53.46 and a 12-month high of $67.49.
CDK Global (NASDAQ:CDK) last issued its earnings results on Tuesday, August 1st. The software maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. CDK Global had a return on equity of 204.80% and a net margin of 13.31%. The business had revenue of $565.40 million during the quarter, compared to analyst estimates of $556.68 million. During the same period in the previous year, the company posted $0.49 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. Equities analysts forecast that CDK Global will post $2.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 11th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Friday, September 8th. CDK Global’s payout ratio is 28.00%.
CDK Global Company Profile
CDK Global, Inc provides integrated information technology and digital marketing solutions. The Company’s segments include Retail Solutions North America, Advertising North America and CDK International. Through its Retail Solutions North America segment, the Company provides technology-based solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers (OEMs) and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles.
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