The stock of CDW Corp (NASDAQ:CDW) hit a new 52-week high and has $59.76 target or 21.00% above today’s $49.39 share price. The 6 months bullish chart indicates low risk for the $8.00 billion company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $59.76 price target is reached, the company will be worth $1.68B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 65,522 shares traded hands. CDW Corp (NASDAQ:CDW) has risen 17.00% since April 14, 2016 and is uptrending. It has outperformed by 12.32% the S&P500.
CDW Corp (NASDAQ:CDW) Ratings Coverage
Out of 8 analysts covering CDW (NASDAQ:CDW), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. $55 is the highest target while $43 is the lowest. The $48.44 average target is -1.92% below today’s ($49.39) stock price. CDW has been the topic of 16 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, August 4 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, August 4 by Deutsche Bank. As per Wednesday, October 14, the company rating was maintained by Stifel Nicolaus. Zacks upgraded the stock to “Hold” rating in Thursday, August 6 report. Raymond James maintained the stock with “Buy” rating in Tuesday, August 4 report. The stock of CDW Corp (NASDAQ:CDW) has “Outperform” rating given on Tuesday, October 13 by RBC Capital Markets. The firm has “Buy” rating by Needham given on Thursday, November 5. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 16. The stock of CDW Corp (NASDAQ:CDW) has “Market Perform” rating given on Monday, April 25 by Raymond James. RBC Capital Markets maintained it with “Outperform” rating and $51 target price in Thursday, November 5 report.
According to Zacks Investment Research, “CDW Corporation offers information technology products and services to business, government, education and healthcare customers primarily in the United States and Canada. Its hardware products comprise network communications, notebooks/mobile devices, data storage, video monitors, printers, desktops and servers as well as NetComm products. The company’s software services include licensing, licensing management, software solutions and services. In addition, it offers configuration services which include virtualization, collaboration, security, mobility, data centre optimization and cloud computing. CDW Corporation is headquartered in Vernon Hills, Illinois.”
Insitutional Activity: The institutional sentiment increased to 1.68 in 2016 Q2. Its up 0.71, from 0.97 in 2016Q1. The ratio improved, as 30 funds sold all CDW Corp shares owned while 80 reduced positions. 61 funds bought stakes while 124 increased positions. They now own 144.07 million shares or 2.45% more from 140.62 million shares in 2016Q1.
Moreover, Amica Pension Fund Board Of Trustees has 0.18% invested in CDW Corp (NASDAQ:CDW) for 34,983 shares. Jpmorgan Chase And Com accumulated 1.85M shares or 0.02% of the stock. Advisory Research Incorporated reported 1.16 million shares or 0.8% of all its holdings. Royal National Bank Of Canada reported 243,781 shares or 0.01% of all its holdings. Goelzer Invest Mngmt last reported 63,635 shares in the company. Arrowpoint Asset last reported 556,897 shares in the company. Moreover, Glenmede Tru Na has 0.13% invested in CDW Corp (NASDAQ:CDW) for 543,424 shares. Rocky Mountain Advisers Ltd Liability owns 34 shares or 0.01% of their US portfolio. Winfield Assoc holds 10 shares or 0% of its portfolio. Nomura Asset Mngmt Co Limited has 0.01% invested in the company for 16,590 shares. Commonwealth State Bank Of last reported 900 shares in the company. Moreover, Mariner Wealth Advsr Ltd Llc has 0.02% invested in CDW Corp (NASDAQ:CDW) for 10,860 shares. Smithfield Trust Com last reported 5,650 shares in the company. Sumitomo Mitsui Trust Hldgs Incorporated reported 419,105 shares or 0.03% of all its holdings. Herndon Cap Management Limited Liability Corp has 19,498 shares for 0.03% of their US portfolio.
Insider Transactions: Since November 3, 2016, the stock had 0 insider purchases, and 1 sale for $3.52 million net activity. ECKROTE DOUGLAS E also sold $3.52M worth of CDW Corp (NASDAQ:CDW) on Thursday, November 3.
More news for CDW Corp (NASDAQ:CDW) were recently published by: Nasdaq.com, which released: “CDW Reaches Analyst Target Price” on November 15, 2016. Zacks.com‘s article titled: “CDW Corp. (CDW) Q3 Earnings: Will it Pull Off a Surprise?” and published on October 31, 2016 is yet another important article.
CDW Company Profile
CDW Corporation (CDW), incorporated on May 25, 2007, is a well-known provider of integrated information technology (IT) solutions in the United States and Canada. The Company’s divisions include Corporate, Public and Other. The Corporate segment consists of private sector business clients in the United States. The Corporate segment is divided into a medium/large business customer channel, serving clients with approximately 100 employees and a small business customer channel, serving clients with over 100 employees. The Public segment consists of government agencies and education and healthcare institutions in the United States. The Other segment includes CDW Advanced Services, Canada and Kelway. The CDW Advanced Services business consists of customized engineering services delivered by technology specialists and engineers, and managed services that include infrastructure as a service (IaaS) offerings. The Firm has centralized logistics and headquarters functions that provide services to the divisions. The logistics function includes purchasing, distribution and fulfillment services to support both the Corporate and Public divisions. The centralized headquarters function provides services in areas, such as accounting, information technology, marketing, legal and coworker services.
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