Robert W. Baird reaffirmed their hold rating on shares of Cardinal Health (NYSE:CAH) in a report issued on Wednesday morning. The brokerage currently has a $80.00 price target on the stock.
Other analysts have also issued reports about the stock. Cowen raised shares of Cardinal Health to a buy rating and set a $74.00 target price for the company in a research note on Tuesday, October 10th. Mizuho set a $70.00 target price on shares of Cardinal Health and gave the company a hold rating in a research note on Tuesday, October 24th. ValuEngine lowered shares of Cardinal Health from a buy rating to a hold rating in a research note on Sunday, December 31st. Evercore ISI assumed coverage on shares of Cardinal Health in a research note on Thursday, January 4th. They set an in-line rating and a $67.00 target price for the company. Finally, Jefferies Group cut their target price on shares of Cardinal Health from $77.00 to $67.00 and set a hold rating for the company in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. Cardinal Health has a consensus rating of Hold and an average price target of $73.58.
Shares of Cardinal Health (NYSE CAH) opened at $71.91 on Wednesday. Cardinal Health has a one year low of $54.66 and a one year high of $84.88. The company has a market cap of $22,670.00, a P/E ratio of 20.97, a P/E/G ratio of 1.65 and a beta of 0.85. The company has a current ratio of 1.06, a quick ratio of 0.52 and a debt-to-equity ratio of 1.35.
Cardinal Health (NYSE:CAH) last released its earnings results on Monday, November 6th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. Cardinal Health had a net margin of 0.84% and a return on equity of 25.24%. The business had revenue of $32.64 billion during the quarter, compared to analyst estimates of $33.48 billion. During the same period in the prior year, the business earned $1.24 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. equities analysts predict that Cardinal Health will post 5.12 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Tuesday, January 2nd were given a $0.4624 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.85 annualized dividend and a dividend yield of 2.57%. Cardinal Health’s dividend payout ratio (DPR) is presently 53.94%.
Large investors have recently modified their holdings of the stock. FDx Advisors Inc. lifted its position in shares of Cardinal Health by 7.9% in the 3rd quarter. FDx Advisors Inc. now owns 43,508 shares of the company’s stock valued at $2,912,000 after acquiring an additional 3,172 shares in the last quarter. Cadence Capital Management LLC lifted its position in shares of Cardinal Health by 8.4% in the 3rd quarter. Cadence Capital Management LLC now owns 65,205 shares of the company’s stock valued at $4,364,000 after acquiring an additional 5,078 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Cardinal Health by 77.8% in the 3rd quarter. Janus Henderson Group PLC now owns 108,930 shares of the company’s stock valued at $7,291,000 after acquiring an additional 47,669 shares in the last quarter. Commonwealth Equity Services Inc lifted its position in shares of Cardinal Health by 7.4% in the 3rd quarter. Commonwealth Equity Services Inc now owns 72,959 shares of the company’s stock valued at $4,882,000 after acquiring an additional 5,011 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Cardinal Health by 4.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 824,347 shares of the company’s stock valued at $55,165,000 after acquiring an additional 36,534 shares in the last quarter. Institutional investors and hedge funds own 88.36% of the company’s stock.
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Cardinal Health Company Profile
Cardinal Health, Inc is a healthcare services and products company. The Company operates through two segments: Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products. This segment also operates nuclear pharmacies and cyclotron facilities; provides pharmacy management services to hospitals, as well as medication therapy management and patient outcomes services to hospitals, other healthcare providers and payers, and provides services to healthcare companies.
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