Analyst Price Target Update on CDK Global (NASDAQ:CDK)

CDK Global (NASDAQ:CDK): The mean short term price target for CDK Global (NASDAQ:CDK) has been established at $55.13 per share. The higher price target estimate is at $65 and the lower price target estimate is expected at $49 according to 4 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $7.71

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm JP Morgan upgrades its rating on CDK Global (NASDAQ:CDK). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. The Analysts at JP Morgan raises the price target from $43 per share to $49 per share. The rating by the firm was issued on April 6, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,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 (NASDAQ:CDK) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.1 points or 1.93% at $55.94 with 1,128,426 shares getting traded. Post opening the session at $56.34, the shares hit an intraday low of $55.1701 and an intraday high of $56.85 and the price was in this range throughout the day. The company has a market cap of $8,690 million and the number of outstanding shares have been calculated to be 155,336,350 shares. The 52-week high of CDK Global (NASDAQ:CDK) is $58.16 and the 52-week low is $39.67.

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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