Barrington analyst Gary Prestopino maintained a Buy rating on CDK Global (CDK) today and set a price target of $80. The company’s shares closed on Friday at $48.96.
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -3.0% and a 44.1% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CDK Global with a $64.75 average price target.
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Based on CDK Global’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $90.3 million. In comparison, last year the company had a net profit of $104 million.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CDK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CDK Global, Inc. engages in the provision of integrated information technology and digital marketing solutions to the automotive retail industry. It operates through following segments: Retail Solutions North America, Advertising North America, and CDK International.
