Press coverage about CDW (NASDAQ:CDW) has been trending somewhat positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CDW earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the information technology services provider an impact score of 45.5366285619491 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Rowe Price Group, Inc. (TROW) Stock Is An All-Time High Flier (nismagazine.com)
- Insider Selling: CDW Corp (CDW) Insider Sells 4,000 Shares of Stock (americanbankingnews.com)
- CDW (CDW) Downgraded by Zacks Investment Research to Sell (americanbankingnews.com)
- Event planner cuts jobs but says sales are rising (chicagobusiness.com)
- Car hire firms’ double whammy strikes at both the young and the old (theguardian.com)
Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of CDW from a “hold” rating to a “sell” rating in a research report on Wednesday. Morgan Stanley raised their price objective on shares of CDW from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Robert W. Baird reiterated a “buy” rating and set a $75.00 price target on shares of CDW in a research report on Wednesday, November 1st. ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Barclays reiterated a “hold” rating and set a $69.00 price target on shares of CDW in a research report on Sunday, November 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $67.85.
Shares of CDW (CDW) traded up $0.39 on Friday, hitting $72.73. 674,600 shares of the company’s stock were exchanged, compared to its average volume of 748,362. CDW has a 1-year low of $50.49 and a 1-year high of $74.01. The firm has a market capitalization of $11,130.00, a PE ratio of 26.94 and a beta of 1.06. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 4.20.
CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. CDW had a net margin of 2.90% and a return on equity of 62.71%. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities analysts forecast that CDW will post 3.64 earnings per share for the current year.
In other news, insider Christina M. Corley sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $67.95, for a total value of $271,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ann Elizabeth Ziegler sold 39,147 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $68.94, for a total transaction of $2,698,794.18. Following the completion of the transaction, the insider now directly owns 47,477 shares of the company’s stock, valued at approximately $3,273,064.38. The disclosure for this sale can be found here. In the last three months, insiders sold 101,524 shares of company stock valued at $6,944,904. Insiders own 2.60% of the company’s stock.
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CDW Company Profile
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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