CDW Corporation (CDW) : Analyst Rating Update

CDW Corporation (CDW) : Zacks Investment Research ranks CDW Corporation (CDW) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.89, which indicates as a Buy.

CDW Corporation (CDW) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $50 and the lowest price target forecast is $43. The average forecast of all the analysts is $46.17 and the expected standard deviation is $2.32.

CDW Corporation (NASDAQ:CDW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.59 and $39.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.99, notching a gain of 0.35% for the day. The total traded volume was 1,147,439 . The stock had closed at $39.85 on the previous day.

Also, Raymond James downgrades its view on CDW Corporation (NASDAQ:CDW) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. The rating by the firm was issued on April 25, 2016. The company shares have rallied 17.76% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $46.92 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $41.62 and the 200 Day Moving Average price is recorded at $40.40.

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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