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Are CDK Global (NASDAQ:CDK) Shares Worth Your Time and Dime Following Recent Wells Fargo Downgrade?

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CDK Global (NASDAQ:CDK) Receives a Downgrade

The Equity Rating of CDK Global (NASDAQ:CDK) rating was lowered by analysts at Wells Fargo from the previous “Outperform” rating to a “Market Perform” rating in a report shared with investors on Thursday, 8 November.

CDK Global, Inc. (NASDAQ:CDK) Ratings Coverage

Among 2 analysts covering CDK Global (NASDAQ:CDK), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. CDK Global had 2 analyst reports since May 29, 2018 according to SRatingsIntel. The stock of CDK Global, Inc. (NASDAQ:CDK) earned “Outperform” rating by Barrington Research on Tuesday, May 29. On Wednesday, August 15 the stock rating was maintained by Morgan Stanley with “Equal-Weight”.

The stock decreased 3.63% or $1.92 during the last trading session, reaching $51.03. About 2.28 million shares traded or 124.77% up from the average. CDK Global, Inc. (NASDAQ:CDK) has risen 1.03% since November 9, 2017 and is uptrending. It has underperformed by 14.59% the S&P500.

CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide. The company has market cap of $6.58 billion. The firm operates through Retail Solutions North America, Advertising North America, and CDK International divisions. It has a 18.36 P/E ratio. It offers technology solutions, including automotive Website platforms; and advertising solutions comprising the management of digital advertising spend for original equipment manufacturers and automotive retailers.

More important recent CDK Global, Inc. (NASDAQ:CDK) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For November 8, 2018” on November 08, 2018, also Nasdaq.com published article titled: “CDK Global to Announce First Quarter Fiscal 2019 Financial Results on November 7, 2018”, Cnbc.com published: “Ex-Intel chief Brian Krzanich joins CDK Global as its CEO” on November 07, 2018. More interesting news about CDK Global, Inc. (NASDAQ:CDK) was released by: Globenewswire.com and their article: “CDK Global Reports First Quarter Fiscal 2019 Results” with publication date: November 07, 2018.

CDK Global, Inc. (NASDAQ:CDK) Ratings Chart

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