Analyst Price Target Update on CDW Corporation (NASDAQ:CDW)

CDW Corporation (NASDAQ:CDW): The stock price is expected to reach $ 46.17 in the short term. The number of analysts agreeing with this consensus is 6. The higher estimate for the short term price target is at $50 while the lower estimate is at $43. The standard deviation of the price stands at $2.32.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Raymond James downgrades its outlook on CDW Corporation (NASDAQ:CDW). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on April 25, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Fairfield Neil B, officer (VICE PRESIDENT & CONTROLLER) of Cdw Corp, had unloaded 2,791 shares at an average price of $40.44 in a transaction dated on March 9, 2016. The total value of the transaction was worth $112,868.

CDW Corporation (NASDAQ:CDW) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.38 points or 0.89% at $42.43 with 1,258,231 shares getting traded. Post opening the session at $42.55, the shares hit an intraday low of $42.24 and an intraday high of $42.75 and the price was in this range throughout the day. The company has a market cap of $7,027 million and the number of outstanding shares have been calculated to be 165,609,470 shares. The 52-week high of CDW Corporation (NASDAQ:CDW) is $46.92 and the 52-week low is $30.4.

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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