CDW Corporation Stock Analysis – September 22, 2024
Company Overview
CDW Corporation (CDW) is a prominent provider of comprehensive information technology (IT) solutions, strategically headquartered in Vernon Hills, Illinois. Operating within the Information Technology Services sector, CDW serves diverse sectors such as government, education, and healthcare across the United States, the United Kingdom, and Canada. Founded in 1984, the company has established a significant market presence with a reported total revenue of approximately $20.94 billion. CDW operates through three main segments: Corporate, Small Business, and Public, offering an extensive range of hardware and software products alongside integrated IT solutions, managed and professional services, and network capabilities including both on-premise and cloud options.
Market Performance and Analyst Insights
The IT services industry shows substantial growth potential, currently rated as a “buy” by analysts. CDW’s current share price is $225.30, well-positioned between its fifty-two week high of $263.37 and low of $185.04, indicating moderate volatility. Analysts project a target high price of $270.00 with a mean target price of $248.92, suggesting a positive outlook for growth. Furthermore, with a total of 133,576,000 shares outstanding and a short interest of approximately 3.15%, there is a balanced market sentiment, providing an advantageous environment for potential investors.
The recommendation mean for CDW stands at 1.9, signifying strong confidence among analysts regarding its upward trajectory. This consensus is supported by the calculated median target price of $247.50, indicating a favorable value proposition for those considering investment in CDW.
Investment Considerations
With the company’s robust revenue performance and optimistic analyst ratings, CDW Corporation presents a compelling investment opportunity. The low short interest suggests limited bearish sentiment, while the slight positioning above the fifty-day moving average hints at a potential short-term bullish trend. For investors focusing on the rapidly evolving technology landscape, CDW’s innovative IT solutions and solid footing in the market may be instrumental in capitalizing on future growth.
In conclusion, with promising price targets and a favorable sentiment among financial analysts, CDW Corporation stands as an attractive option for investors seeking exposure within the burgeoning information technology sector.
| Metric | Value |
|---|---|
| Market Cap | $30.1b |
| Total Debt | $6.2b |
| Total Cash | $665.3m |
| Shares Outstanding | 133.6m |
| Float Shares | 133.1m |
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