Shares of Cardinal Health Inc (NYSE:CAH) have been assigned an average recommendation of “Hold” from the twenty analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $72.99.
A number of analysts have recently issued reports on CAH shares. ValuEngine cut Cardinal Health from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Royal Bank of Canada started coverage on Cardinal Health in a research report on Tuesday, September 19th. They set a “sector perform” rating and a $72.00 price objective on the stock. Argus cut Cardinal Health from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Deutsche Bank started coverage on Cardinal Health in a research report on Monday, December 4th. They issued a “hold” rating and a $64.00 price target on the stock. Finally, Morgan Stanley cut Cardinal Health from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 20th.
Cardinal Health (CAH) traded up $2.38 on Friday, hitting $71.49. The stock had a trading volume of 4,045,701 shares, compared to its average volume of 3,323,189. The company has a market capitalization of $22,010.00, a PE ratio of 20.84, a PEG ratio of 1.84 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 has a 1-year low of $54.66 and a 1-year high of $84.88.
Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Monday, November 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $32.64 billion for the quarter, compared to analysts’ expectations of $33.48 billion. Cardinal Health had a return on equity of 6.84% and a net margin of 0.36%. Cardinal Health’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 earnings per share. analysts anticipate that Cardinal Health will post 4.95 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd will be given a $0.4624 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Friday, December 29th. Cardinal Health’s dividend payout ratio (DPR) is 53.94%.
Large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its stake in Cardinal Health by 71.4% in the second quarter. Ameriprise Financial Inc. now owns 3,557,123 shares of the company’s stock worth $277,191,000 after purchasing an additional 1,482,285 shares in the last quarter. BlackRock Inc. boosted its stake in Cardinal Health by 6.5% in the second quarter. BlackRock Inc. now owns 22,843,418 shares of the company’s stock worth $1,779,958,000 after purchasing an additional 1,398,496 shares in the last quarter. American Century Companies Inc. boosted its stake in Cardinal Health by 58.7% in the third quarter. American Century Companies Inc. now owns 2,976,776 shares of the company’s stock worth $199,206,000 after purchasing an additional 1,100,507 shares in the last quarter. HealthCor Management L.P. acquired a new position in Cardinal Health in the second quarter worth $84,496,000. Finally, Pzena Investment Management LLC boosted its stake in Cardinal Health by 70.6% in the third quarter. Pzena Investment Management LLC now owns 1,806,522 shares of the company’s stock worth $120,892,000 after purchasing an additional 747,718 shares in the last quarter. Hedge funds and other institutional investors own 88.35% 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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