JP Morgan has recently reduced CDW common stock (CDW) stock to Neutral rating, as announced on October 28, 2024, according to Finviz. Earlier, on October 1, 2024, Citigroup had reduced the stock from a Buy to Neutral, setting a price target of $245 for CDW stock. Northcoast also raised Buy rating. Additionally, Morgan Stanley reduced rating on December 12, 2023, with a target price of $216. UBS analysts, in their report published on October 3, 2023, also initiated Buy rating and set a price target of $237 for CDW common stock’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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CDW common stock (CDW) Stock Trading Recap
On Monday, CDW common stock (CDW) stock saw a decline, ending the day at $197.81 which represents a decrease of $-2.06 or -1.03% from the prior close of $199.87. The stock opened at $199.27 and touched a low of $197.16 during the day, reaching a high of $199.56. The volume of shares traded was 1.81 million exceeding the average volume of 0.93 million.
CDW Stock Performance and Moving Averages
In recent trading, CDW common stock (CDW) stock price has shown some volatility, fluctuating 3.51% over the last five trades and -10.90% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -10.92%, and it has plunged by -8.38% in the previous three months. Currently, CDW is trading at -5.09%, -8.40%, and -13.43% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CDW, a Technology sector stock, is trading -24.89% below its 52-week high but remains 5.37% above its 52-week low. The Average True Range (ATR) (14 days) of 5.19 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
CDW common stock’s Profitability and Valuation Ratios
CDW common stock’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 8.09% and a profit margin of 5.33%, with a gross margin of -10.92%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, CDW common stock’s market capitalization stands at $25.97 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 24.16, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 19.54. Additionally, the Price-to-Sales Ratio is 1.25, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 11.22, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.39% of CDW common stock (CDW)’s shares, while financial institutions hold 92.34%.
Notable insider trades include Chawla Sona, See Remarks at CDW common stock (CDW), who sold 18437 shares on Jul 16 ’24, at $240.45 each, totaling $4.43 million. On Jun 18 ’24, Chawla Sona, See Remarks, sold 25914 shares for $230.17 each, amounting to $5.96 million. Additionally, on Dec 14 ’23, CORLEY CHRISTINA M sold 34079 shares at $220.94 each, generating $7.53 million.
