CDK Global (CDK) Getting Somewhat Favorable Media Coverage, Study Finds
Media stories about CDK Global (NASDAQ:CDK) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CDK Global earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 46.8903034411473 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Stocks With Active Volume: CDK Global, Inc. (CDK) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Most Shocking Stock Movements: Pier 1 Imports, Inc. (PIR), CDK Global, Inc. (CDK) – Market Movers (financialqz.com)
- CDK Global Inc (CDK) Expected to Post Quarterly Sales of $578.21 Million (americanbankingnews.com)
- Reynolds, CDK antitrust suits transferred to Ill. court (autonews.com)
- Investor’s Roundup (Intraday Analysis) – CDK Global, Inc., (NASDAQ: CDK) – Stock Watch (stocksnewstimes.com)
A number of equities research analysts have commented on CDK shares. BidaskClub upgraded shares of CDK Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research cut shares of CDK Global from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Barrington Research set a $75.00 price target on shares of CDK Global and gave the stock a “buy” rating in a report on Tuesday, October 31st. Morgan Stanley raised their price target on shares of CDK Global from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, TheStreet upgraded shares of CDK Global from a “c+” rating to a “b-” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $76.80.
CDK Global (NASDAQ:CDK) last released its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. CDK Global had a net margin of 14.29% and a negative return on equity of 5,261.95%. The firm had revenue of $561.70 million for the quarter, compared to analyst estimates of $564.94 million. During the same period last year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. research analysts forecast that CDK Global will post 3.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Wednesday, February 28th. CDK Global’s dividend payout ratio (DPR) is 26.55%.
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About CDK Global
CDK Global, Inc provides integrated information technology and digital marketing solutions. The Company’s segments include Retail Solutions North America, Advertising North America and CDK International. Through its Retail Solutions North America segment, the Company provides technology-based solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers (OEMs) and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles.
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