CDK Global (NASDAQ:CDK): JP Morgan Keeps Underweight Rating Today, Has a Target of $48.00/Share

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CDK Global (NASDAQ:CDK) Rating Reaffirmed

Professional analysts at JP Morgan now has a $48.00 TP on CDK Global (NASDAQ:CDK). JP Morgan and their recent TP would indicate a potential upside of 3.25% from the company’s current price. The rating has been disclosed to clients in analysts note on Tuesday, 15 December.

Approximately 496,037 shares of stock traded hands or 12.33% up from the average. CDK Global Inc (NASDAQ:CDK) has declined 12.99% since May 12, 2015 and is downtrending. It has underperformed by 9.32% the S&P500.

CDK Global, Inc. is a global provider, both integrated technology and digital marketing/advertising solutions to the automotive retail industry. The company has a market cap of $7.43 billion. 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. It has 38.06 P/E ratio. The Company’s solutions address the entire automotive retailers’ value chain.

According to Zacks Investment Research, “CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail industry. The Company operates in three segments: Automotive Retail Solutions North America, Automotive Retail Solutions International, and Digital Marketing Solutions. It integrates workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, repair and maintenance of vehicles. CDK Global, Inc. is based in Hoffman Estates, Illinois.”

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