Barclays Sticks to Its Hold Rating for CDW (CDW)
Barclays analyst Guy Hardwick maintained a Hold rating on CDW today and set a price target of $123.00.
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According to TipRanks, Hardwick is a 4-star analyst with an average return of 10.8% and a 61.84% success rate. Hardwick covers the Technology sector, focusing on stocks such as Trimble, Manhattan Associates, and Teledyne Technologies.
Currently, the analyst consensus on CDW is a Moderate Buy with an average price target of $138.83.
Based on CDW’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.68 billion and a net profit of $235.4 million. In comparison, last year the company earned a revenue of $5.2 billion and had a net profit of $224.9 million
Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CDW in relation to earlier this year. Last month, David Nelms, a Director at CDW bought 18,000.00 shares for a total of $2,005,740.00.
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