Analyst Rating Update on CDW Corporation (CDW)

CDW Corporation (NASDAQ:CDW) : 4 brokerage houses believe that CDW Corporation (NASDAQ:CDW) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on CDW Corporation (NASDAQ:CDW). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 1.89.

CDW Corporation (NASDAQ:CDW) stock is expected to deviate a maximum of $2.32 from the average target price of $46.17 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $50 and the most muted being $43.

For the current week, the company shares have a recommendation consensus of Buy. Also, Raymond James downgrades its rating on CDW Corporation (NASDAQ:CDW). Analysts at the Raymond James have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on April 25, 2016.

CDW Corporation (NASDAQ:CDW): stock turned positive on Tuesday. Though the stock opened at $39.61, the bulls momentum made the stock top out at $40.03 level for the day. The stock recorded a low of $39.39 and closed the trading day at $39.64, in the green by 0.89%. The total traded volume for the day was 1,055,513. The stock had closed at $39.29 in the previous days trading.

In an insider trading activity,The officer (VICE PRESIDENT & CONTROLLER) of Cdw Corp, Fairfield Neil B sold 2,791 shares at $40.44 on March 9, 2016. The Insider selling transaction had a total value worth of $112,868. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada. Its offerings include mobility, security, data center optimization, cloud computing, virtualization and collaboration. The Company offers products for Corporate and Public. Corporate offerings are offered for private sector business customers. Public customers include Government agencies and education and healthcare institutions. CDW has three segments, CDW Advanced Services, Canada and Kelway TopCo Limited (Kelway). The Company is a sales channel partner for many original equipment manufacturers (OEMs) and software publishers (collectively, its vendor partners), whose products it sells or include in the solutions CDW offers. The Company helps its customer base of more than 250,000 small, medium and large business, government, education and healthcare customers by delivering solutions to their IT needs.

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