CDK Global Inc. (NASDAQ:CDK) Is 11.59% Above Its 52-Week Low, But How Long Can It Continue? – Marketing Sentinel
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CDK Global Inc. (NASDAQ:CDK) Is 11.59% Above Its 52-Week Low, But How Long Can It Continue?

In last trading session, CDK Global Inc. (NASDAQ:CDK) saw 0.72 million shares changing hands with its beta currently measuring 1.29. Company’s recent per share price level of $43.58 trading at $0.41 or 0.95% at ring of the bell on the day assigns it a market valuation of $5.12B. That closing price of CDK’s stock is at a discount of -27.37% from its 52-week high price of $55.51 and is indicating a premium of 11.59% from its 52-week low price of $38.53. Taking a look at company’s average trading volume of 849.03K if we extend that period to 3-months.

For CDK Global Inc. (CDK), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.64 in the current quarter.

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CDK Global Inc. (NASDAQ:CDK) trade information

Upright in the green during last session for gaining 0.95%, in the last five days CDK remained trading in the green while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $43.58 price level, adding 0.59% to its value on the day. CDK Global Inc.’s shares saw a change of 4.41% in year-to-date performance and have moved 2.78% in past 5-day. CDK Global Inc. (NASDAQ:CDK) showed a performance of 7.47% in past 30-days.

Wall Street analysts have assigned a consensus price target of $56.50 to the stock, which implies a rise of 22.87% to its current value. Analysts have been projecting $48.00 as a low price target for the stock while placing it at a high target of $65.00. It follows that stock’s current price would drop -49.15% in reaching the projected high whereas dropping to the targeted low would mean a loss of -10.14% for stock’s current value.

CDK Global Inc. (CDK) estimates and forecasts

Statistics highlight that CDK Global Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -7.88% of value to its shares in past 6 months, showing an annual growth rate of 8.95% while that of industry is 9.70. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 8.50% in the current quarter and calculating 5.80% increase in the next quarter. This year revenue growth is estimated to rise 7.20% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $436.05 million for the same. And 2 analysts are in estimates of company making revenue of $460.2 million in the next quarter that will end on Mar 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -0.50% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -29.90% while estimates for its earnings growth in next 5 years are of 10.00%.

CDK Dividends

CDK Global Inc. is more likely to be releasing its next quarterly report between February 07 and February 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

CDK Global Inc. (NASDAQ:CDK)’s Major holders

Insiders are in possession of 0.49% of company’s total shares while institution are holding 92.02 percent of that, with stock having share float percentage of 92.48%. Investors also watch the number of corporate investors in a company very closely, which is 92.02% institutions for CDK Global Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CDK for having 18.64 million shares of worth $793.01 million. And as of Sep 29, 2021, it was holding 15.75% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 11.33 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 9.57% of outstanding shares, having a total worth of $482.11 million.

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On the other hand, Blackrock Equity Dividend Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 3.42 million shares of worth $148.83 million or 2.89% of the total outstanding shares. The later fund manager was in possession of 3.38 million shares on Sep 29, 2021, making its stake of worth around $143.95 million in the company or a holder of 2.86% of company’s stock.

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