Analyst Rating Update on CDK Global (CDK)

CDK Global (NASDAQ:CDK) : 2 brokerage houses believe that CDK Global (NASDAQ:CDK) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on CDK Global (NASDAQ:CDK). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Buy with a rating of 2.18.

CDK Global (NASDAQ:CDK) : The consensus price target for CDK Global (NASDAQ:CDK) is $57.17 for the short term with a standard deviation of $8.01. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $65, however, the pessimist price target for the company is $49.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, JP Morgan upgrades its outlook on CDK Global (NASDAQ:CDK). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Underweight. The brokerage firm raises the price target from $43 per share to $49 per share. The rating by the firm was issued on April 6, 2016.

CDK Global (NASDAQ:CDK): stock turned positive on Tuesday. Though the stock opened at $53.44, the bulls momentum made the stock top out at $54.09 level for the day. The stock recorded a low of $53.32 and closed the trading day at $53.79, in the green by 1.41%. The total traded volume for the day was 1,069,846. The stock had closed at $53.04 in the previous days trading.

In an insider trading activity,The officer (VP & President, ARNA) of Cdk Global, Inc., Karp Robert N. sold 27,573 shares at $55.12 on June 1, 2016. The Insider selling transaction had a total value worth of $1,519,824. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

CDK Global, Inc. is a global provider, both integrated technology and digital marketing/advertising solutions to the automotive retail industry. The Companys solutions automate and integrate critical workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, repair and maintenance of vehicles, with an increasing focus on utilizing big data analytics and predictive intelligence. The Companys solutions address the entire automotive retailers value chain. The Company operates in three segments: Automotive Retail Solutions North America (North American Automotive Retail), Automotive Retail Solutions International (International Automotive Retail), and Digital Marketing Solutions (Digital Marketing).

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