CDW Corp [CDW] stock is trading at $254.81, up 1.60%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CDW shares have gain 3.38% over the last week, with a monthly amount glided 5.58%, and seem to be holding up well over a long-time horizon.
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On 19, February 2024, CDW to Present at the Raymond James 45th Annual Institutional Investors Conference. In a post published today on Yahoo Finance, CDW Corporation (Nasdaq: CDW), a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada, today announced that Albert J. Miralles, senior vice president and chief financial officer, CDW, will present at the Raymond James 45th Annual Institutional Investors Conference to be held at the JW Marriott Orlando Grande Lakes in Orlando, Florida on Monday, March 4, 2024, at 10:35 a.m. CT/11:35 a.m. ET. The presentation will be webcast live on investor.CDW.com. An archived copy of the presentation will be available for 90 days on the same website.
From an analyst’s perspective:
CDW Corp [NASDAQ: CDW] stock has seen the most recent analyst activity on December 12, 2023, when Morgan Stanley downgraded its rating to a Equal-Weight but kept the price target unchanged to $216 for it. Previously, UBS started tracking the stock with Buy rating on October 03, 2023, and set its price target to $237. On July 18, 2023, Barclays initiated with a Equal Weight rating and assigned a price target of $198 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $205 on June 30, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $200 on April 19, 2023. Credit Suisse started tracking with a Outperform rating for this stock on August 17, 2022, and assigned it a price target of $202. In a note dated July 14, 2022, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $200.
CDW Corp [CDW] stock has fluctuated between $160.66 and $251.08 over the past year. Currently, Wall Street analysts expect the stock to reach $216.33 within the next 12 months. CDW Corp [NASDAQ: CDW] shares were valued at $254.81 at the most recent close of the market. An investor can expect a potential drop of -15.1% based on the average CDW price forecast.
Analyzing the CDW fundamentals
CDW Corp [NASDAQ:CDW] reported sales of 21.38B for the trailing twelve months, which represents a drop of -7.72%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.63 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.76.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 253.20 points at the first support level, and at 251.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 255.77, and for the 2nd resistance point, it is at 256.73.
CDW Corp [CDW] reported earnings per share of $2.57 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.56/share, meaning a difference of $0.01 and a surprise factor of 0.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.72 per share as compared to estimates of $2.6 per share, a difference of $0.12 representing a surprise of 4.60%.
Ratios To Look Out For
For context, CDW Corp’s Current Ratio is 1.23. As well, the Quick Ratio is 1.11, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.60, the price to book ratio is 16.73 and price to earnings (TTM) ratio is 31.44.
Transactions by insiders
Recent insider trading involved CORLEY CHRISTINA M, that happened on Dec 14 ’23 when 34079.0 shares were sold., CORLEY CHRISTINA M completed a deal on Dec 13 ’23 to sell 700.0 shares. Meanwhile, CORLEY CHRISTINA M sold 48320.0 shares on Nov 22 ’23.
