Stock of CDW Corp (CDW) performance and profitability takes another direction

CDW Corp [CDW] stock is trading at $215.80, down -0.03%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CDW shares have gain 0.62% over the last week, with a monthly amount glided 1.74%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

CDW Corp [NASDAQ: CDW] stock has seen the most recent analyst activity on June 07, 2024, when Northcoast upgraded its rating to a Buy. Previously, Morgan Stanley downgraded its rating to Equal-Weight on December 12, 2023, and kept the price target unchanged to $216. On October 03, 2023, UBS initiated with a Buy rating and assigned a price target of $237 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $198 on July 18, 2023. Citigroup initiated its recommendation with a Buy and recommended $205 as its price target on June 30, 2023. BofA Securities downgraded its rating to Neutral for this stock on April 19, 2023, and downed its price target to $200. In a note dated August 17, 2022, Credit Suisse initiated an Outperform rating and provided a target price of $202 on this stock.

CDW Corp [CDW] stock has fluctuated between $185.04 and $263.37 over the past year. Currently, Wall Street analysts expect the stock to reach $229.75 within the next 12 months. CDW Corp [NASDAQ: CDW] shares were valued at $215.80 at the most recent close of the market. An investor can expect a potential return of 6.46% based on the average CDW price forecast.

Analyzing the CDW fundamentals

CDW Corp [NASDAQ:CDW] reported sales of 20.94B for the trailing twelve months, which represents a drop of -3.60%. 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 0.54 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.77.

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 210.35 points at the first support level, and at 204.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 218.70, and for the 2nd resistance point, it is at 221.61.

Ratios To Look Out For

For context, CDW Corp’s Current Ratio is 1.13. Also, the Quick Ratio is 1.02, while the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 1.38, the price to book ratio is 13.26 and price to earnings (TTM) ratio is 26.44.

Transactions by insiders

Recent insider trading involved LEAHY CHRISTINE A, that happened on Aug 01 ’24 when 1200.0 shares were purchased., MIRALLES ALBERT JOSEPH JR completed a deal on Aug 01 ’24 to buy 1050.0 shares. Meanwhile, Chawla Sona sold 18437.0 shares on Jul 16 ’24.

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