CDW Corp (NASDAQ: CDW) has reported earnings for its second fiscal quarter (ending June 30) of $2.10 versus $1.95 for the same period a year ago. E.P.S. were $8.25 for the latest four quarters through June 30 versus $7.97 for the same period a year ago.
Recent Price Action
On 7/31/24, CDW Corp (NASDAQ: CDW) stock suffered a large decline of -6.2%, closing at $218.11. Moreover, exceptionally high trading volume at 203% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -5.2% during the last week.
Current PriceTarget Research Rating
CDW’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
CDW has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. CDW has a slightly negative Appreciation Score of 37 but a slightly positive Power Rating of 70, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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