CDW Corp Receives a Hold from Robert W. Baird

By Austin Angelo

Robert W. Baird analyst Jayson Noland reiterated a Hold rating on CDW Corp (NASDAQ: CDW) today. The company’s shares opened today at $45.61, close to its 52-week high of $47.50.

Noland wrote:

“We believe the company remains well-positioned to gain share in the fragmented IT channel through its diverse customer base and rich partner ecosystem.”

According to TipRanks.com, Noland is a 4-star analyst with an average return of 7.6% and a 52.2% success rate. Noland covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Riverbed Technology, and Palo Alto Networks.

CDW Corp has an analyst consensus of Moderate Buy, with a price target consensus of $48.

CDW Corp’s market cap is currently $7.37B and has a P/E ratio of 17.64. The company has a book value ratio of 7.2710.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2016, FAIRFIELD NEIL B, the VICE PRESIDENT & CONTROLLER of CDW sold 2,791 shares for a total of $112,862.

CDW Corp. engages in the provision of integrated information technology solutions. Its offerings ranges from discrete hardware and software products to integrated IT solutions such as mobility, security, data center optimization, cloud computing, virtualization, and collaboration. It operates through the Corporate and Public segments. The Corporate segment comprises primarily of private sector business customers. The Public segment involves government agencies, education, and healthcare institutions. The company was founded in 1984 by Michael P. Krasny and is headquartered in Vernon Hills, IL.