Analyst Ratings for CDK Global Inc. (CDK)Updated: 2017-07-27
Shares of CDK Global Inc. (NASDAQ:CDK) have received a consensus rating of Overweight from Wall Street analysts. CDK had previously received a consensus rating of Overweight a month ago.
Of the 6 analysts covering the stock, 4 gave it a buy rating, 0 issued an overweight rating, 2 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 2 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Investment analysts gave a few price targets for CDK. The maximum price target given was 75, which equates to a potential upside of 13.31 percent. The lowest price target was 70, implying a possible loss of 5.76 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -5.26 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.32 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
CDK has an estimated earnings growth rate of 48.37 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. CDK has a PEG ratio of 0.7.
In the last 52-weeks, CDK has achieved a high of 67.49 and a low of 53.46. Today's price is 23.81 percent above the 52-week low, and 1.93 percent lower than its 52-week high. CDK has a P/E ratio of 33.77. Investors typically compare the P/E ratio to a company's peers in the industry. The CDK value stock report compares CDK to some of its peers using value stock charts. The stock has a market capitalization of $9.61 billion. CDK's next earnings release will be on 0000-00-00, which is days away.