Morgan Stanley Upgrades CDK Global Inc to Equal-Weight

Brokerage firm Morgan Stanley Upgrades its rating on CDK Global Inc(CDK). The shares have been rated Equal-Weight. Previously, the analysts had a Underweight rating on the shares. The rating by Morgan Stanley was issued on Feb 3, 2017.

CDK Global Inc (CDK) shares turned negative on Tuesdays trading session with the shares closing down -0.21 points or -0.32% at a volume of 7,16,100. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $65.325. The peak price level was also seen at $65.325 while the days lowest was $64.47. Finally the shares closed at $64.71. The 52-week high of the shares is $65.54 while the 52-week low is $40.33. According to the latest information available, the market cap of the company is $9,383 M.

CDK Global Inc(CDK) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2017 and Q2.Company reported revenue of $547.800M. Analysts had an estimated revenue of $545.740M. Earnings per share were $0.64. Analysts had estimated an EPS of $0.56.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Robert N. Karp (VP & President, ARNA) sold 27,573 shares at $55.12 per share price.

CDK Global Inc. is a global provider both integrated technology and digital marketing/advertising solutions to the automotive retail industry. The Company’s solutions automate and integrate critical workflow processes from pre-sale targeted advertising and marketing campaigns to the sale financing insurance parts supply repair and maintenance of vehicles with an increasing focus on utilizing big data analytics and predictive intelligence. The Company’s solutions address the entire automotive retailers’ value chain. The Company operates in three segments: Automotive Retail Solutions North America (North American Automotive Retail) Automotive Retail Solutions International (International Automotive Retail) and Digital Marketing Solutions (Digital Marketing).

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