Why CDW Corporation (NASDAQ:CDW) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $48.00 on CDW Corporation (NASDAQ:CDW) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.32 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of CDW Corporation (NASDAQ:CDW) stands at 17.18.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For CDW Corporation, the PEG ratio for coming 3-5 years is 1.51.

Technical Analysis

The technical analysis highlights that CDW Corporation current is trading $0.80 points away or +1.84% from its 50-day moving average of $43.44. Further it is trading $2.82 or +6.81% away its 200-day moving average of $41.42.

The 52-week high of CDW Corporation (NASDAQ:CDW) was $46.92 while lowest point recorded in 52-week was $30.40. It implies if stock price makes a movement of over $-2.68, it will record a new 52-week high. In the case of +45.53% drop, it will touch a new 52-week low.

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