Morgan Stanley Has Just Reaffirmed $63 Target Price Per Share on CDW (NASDAQ:CDW) stock, While They’ve Also Reiterated Their Equal-Weight Rating

November 14, 2017 - By Ellis Scott

 Morgan Stanley Has Just Reaffirmed $63 Target Price Per Share on CDW (NASDAQ:CDW) stock, While They’ve Also Reiterated Their Equal Weight Rating

Investors sentiment decreased to 1.16 in Q2 2017. Its down 0.14, from 1.3 in 2017Q1. It dropped, as 34 investors sold CDW Corp shares while 113 reduced holdings. 46 funds opened positions while 124 raised stakes. 138.72 million shares or 1.09% less from 140.24 million shares in 2017Q1 were reported.

Nationwide Fund owns 265,340 shares. Hennessy Advsr Incorporated reported 1.29% of its portfolio in CDW Corp (NASDAQ:CDW). Jane Street Group Ltd Liability Corporation stated it has 0% of its portfolio in CDW Corp (NASDAQ:CDW). D E Shaw & Company, a New York-based fund reported 522,810 shares. Veritable L P has 0.01% invested in CDW Corp (NASDAQ:CDW) for 3,745 shares. Tributary Cap Ltd Llc reported 0.23% stake. James Invest Rech reported 23,940 shares stake. Sumitomo Mitsui Asset Limited holds 0.01% or 11,671 shares. Bahl & Gaynor holds 0.2% or 312,836 shares. Group Inc Inc invested 0% of its portfolio in CDW Corp (NASDAQ:CDW). Northwestern Mutual Wealth Management Communication reported 228 shares. 426,301 were accumulated by Ubs Asset Americas. Eaton Vance Mngmt owns 1.52 million shares for 0.25% of their portfolio. Janney Montgomery Scott Lc invested in 92,281 shares. Clinton Gru Inc Inc has invested 0.06% of its portfolio in CDW Corp (NASDAQ:CDW).

Since May 15, 2017, it had 0 buys, and 3 selling transactions for $1.97 million activity. Another trade for 12,000 shares valued at $735,960 was made by LEAHY CHRISTINE A on Wednesday, June 14. 4,000 shares were sold by CORLEY CHRISTINA M, worth $240,840 on Monday, June 12.

CDW (NASDAQ:CDW) Rating Reaffirmed

In a research note sent to investors and clients on 2 November, The Equal-Weight rating of CDW (NASDAQ:CDW) shares was reaffirmed by Morgan Stanley, who now has a $63 TP on the stock. Morgan Stanley’s TP suggests a possible downside of -6.10 % from the last stock price of the company.

Investors sentiment decreased to 1.16 in Q2 2017. Its down 0.14, from 1.3 in 2017Q1. It dropped, as 34 investors sold CDW Corp shares while 113 reduced holdings. 46 funds opened positions while 124 raised stakes. 138.72 million shares or 1.09% less from 140.24 million shares in 2017Q1 were reported.

Nationwide Fund owns 265,340 shares. Hennessy Advsr Incorporated reported 1.29% of its portfolio in CDW Corp (NASDAQ:CDW). Jane Street Group Ltd Liability Corporation stated it has 0% of its portfolio in CDW Corp (NASDAQ:CDW). D E Shaw & Company, a New York-based fund reported 522,810 shares. Veritable L P has 0.01% invested in CDW Corp (NASDAQ:CDW) for 3,745 shares. Tributary Cap Ltd Llc reported 0.23% stake. James Invest Rech reported 23,940 shares stake. Sumitomo Mitsui Asset Limited holds 0.01% or 11,671 shares. Bahl & Gaynor holds 0.2% or 312,836 shares. Group Inc Inc invested 0% of its portfolio in CDW Corp (NASDAQ:CDW). Northwestern Mutual Wealth Management Communication reported 228 shares. 426,301 were accumulated by Ubs Asset Americas. Eaton Vance Mngmt owns 1.52 million shares for 0.25% of their portfolio. Janney Montgomery Scott Lc invested in 92,281 shares. Clinton Gru Inc Inc has invested 0.06% of its portfolio in CDW Corp (NASDAQ:CDW).

Since May 15, 2017, it had 0 buys, and 3 selling transactions for $1.97 million activity. Another trade for 12,000 shares valued at $735,960 was made by LEAHY CHRISTINE A on Wednesday, June 14. 4,000 shares were sold by CORLEY CHRISTINA M, worth $240,840 on Monday, June 12.

CDW Corp (NASDAQ:CDW) Ratings Coverage

Among 10 analysts covering CDW (NASDAQ:CDW), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. CDW has $77.0 highest and $43 lowest target. $58.82’s average target is -12.33% below currents $67.09 stock price. CDW had 33 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 4 by Deutsche Bank. As per Tuesday, August 4, the company rating was maintained by RBC Capital Markets. On Friday, December 9 the stock rating was downgraded by JP Morgan to “Neutral”. The stock of CDW Corp (NASDAQ:CDW) earned “Buy” rating by RBC Capital Markets on Monday, October 9. The rating was initiated by Barclays Capital with “Overweight” on Wednesday, October 14. On Thursday, August 3 the stock rating was maintained by Robert W. Baird with “Buy”. The stock has “Buy” rating by Goldman Sachs on Tuesday, December 1. The rating was maintained by RBC Capital Markets on Monday, June 26 with “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, August 1 report. Raymond James downgraded the shares of CDW in report on Friday, October 13 to “Underperform” rating.

About 561,784 shares traded. CDW Corp (NASDAQ:CDW) has risen 35.25% since November 14, 2016 and is uptrending. It has outperformed by 18.55% the S&P500.

Analysts expect CDW Corp (NASDAQ:CDW) to report $0.93 EPS on February, 6.They anticipate $0.12 EPS change or 14.81 % from last quarter’s $0.81 EPS. CDW’s profit would be $142.50 million giving it 18.03 P/E if the $0.93 EPS is correct. After having $1.04 EPS previously, CDW Corp’s analysts see -10.58 % EPS growth.

CDW Corporation is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The company has market cap of $10.28 billion. The Company’s divisions include Corporate, Public and Other. It has a 24.88 P/E ratio. The Corporate segment consists of private sector business clients 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.

More notable recent CDW Corp (NASDAQ:CDW) news were published by: Dailyherald.com which released: “CDW executive joins US Foods in Rosemont” on November 03, 2017, also Seekingalpha.com with their article: “CDW (CDW) Q3 2017 Results – Earnings Call Transcript” published on November 01, 2017, Finance.Yahoo.com published: “Key Factors Likely to Impact CDW Corp’s (CDW) Q3 Earnings” on October 30, 2017. More interesting news about CDW Corp (NASDAQ:CDW) were released by: Globenewswire.com and their article: “CDW Reports Record Quarterly Net Sales of $4 Billion” published on November 01, 2017 as well as Globenewswire.com‘s news article titled: “CDW Declares Cash Dividend of $0.21 Per Share” with publication date: November 01, 2017.

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