CDK Global (CDK) Raised to Hold at ValuEngine
ValuEngine upgraded shares of CDK Global (NASDAQ:CDK) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.
Several other equities research analysts have also recently weighed in on the company. BidaskClub cut CDK Global from a sell rating to a strong sell rating in a research note on Wednesday, February 21st. Zacks Investment Research raised CDK Global from a hold rating to a buy rating and set a $80.00 price objective on the stock in a research note on Wednesday, January 31st. Morgan Stanley boosted their price objective on CDK Global from $76.00 to $77.00 and gave the stock an equal weight rating in a research note on Wednesday, January 31st. Wells Fargo & Co reissued an outperform rating and set a $80.00 price objective (up from $75.00) on shares of CDK Global in a research note on Wednesday, January 31st. Finally, Barrington Research reissued a hold rating on shares of CDK Global in a research note on Monday, March 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. CDK Global has a consensus rating of Hold and an average target price of $75.80.
Shares of CDK stock opened at $64.35 on Tuesday. CDK Global has a 12-month low of $59.33 and a 12-month high of $76.04. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of -9.65. The stock has a market capitalization of $8.40 billion, a PE ratio of 26.48, a PEG ratio of 1.98 and a beta of 0.77.
Hedge funds and other institutional investors have recently modified their holdings of the business. Wagner Wealth Management LLC bought a new stake in CDK Global during the fourth quarter worth approximately $112,000. Overbrook Management Corp purchased a new position in shares of CDK Global during the fourth quarter valued at approximately $203,000. BB&T Corp purchased a new position in shares of CDK Global during the fourth quarter valued at approximately $208,000. Retirement Income Solutions Inc purchased a new position in shares of CDK Global during the fourth quarter valued at approximately $209,000. Finally, Polaris Greystone Financial Group LLC purchased a new position in shares of CDK Global during the fourth quarter valued at approximately $212,000. 86.98% of the stock is currently owned by institutional investors.
About CDK Global
CDK Global, Inc provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. It offers technology-based solutions, including automotive Website platforms; and advertising solutions comprising the management of digital advertising spend for original equipment manufacturers and automotive retailers.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for CDK Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDK Global and related companies with MarketBeat.com's FREE daily email newsletter.