Needham & Company reaffirmed their buy rating on shares of CDW Corporation (NASDAQ:CDW) in a report issued on Monday, American Banking & Market News reports. They currently have a $25.00 target price on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of CDW Corporation from $26.00 to $25.00 in a research note to investors on Thursday, October 31st. They now have an overweight rating on the stock. Separately, analysts at Barclays reiterated a hold rating on shares of CDW Corporation in a research note to investors on Friday, September 20th. They now have a $24.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of CDW Corporation from $25.00 to $27.00 in a research note to investors on Friday, September 20th. They now have an outperform rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $25.57.
CDW Corporation (NASDAQ:CDW) traded down 0.04% on Monday, hitting $22.99. The stock had a trading volume of 113,068 shares. CDW Corporation has a 1-year low of $17.38 and a 1-year high of $24.51. The stock has a 50-day moving average of $22.94 and a 200-day moving average of $22.. The company has a market cap of $3.953 billion and a P/E ratio of 19.90.
CDW Corporation (NASDAQ:CDW) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.03. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the company posted $0.40 earnings per share. CDW Corporation’s revenue was up 9.2% compared to the same quarter last year. On average, analysts predict that CDW Corporation will post $1.76 earnings per share for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, November 13th.
CDW Corporation (NASDAQ:CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada.
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