Investors purchased shares of Cardinal Health Inc (NYSE:CAH) on weakness during trading on Friday. $48.02 million flowed into the stock on the tick-up and $26.10 million flowed out of the stock on the tick-down, for a money net flow of $21.92 million into the stock. Of all equities tracked, Cardinal Health had the 30th highest net in-flow for the day. Cardinal Health traded down ($1.06) for the day and closed at $48.83
Several equities analysts recently weighed in on the stock. Jefferies Financial Group set a $55.00 target price on shares of Cardinal Health and gave the company a “hold” rating in a research note on Friday, May 4th. Mizuho set a $61.00 target price on shares of Cardinal Health and gave the company a “hold” rating in a research note on Monday, May 7th. Zacks Investment Research cut shares of Cardinal Health from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 8th. ValuEngine cut shares of Cardinal Health from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Leerink Swann set a $65.00 target price on shares of Cardinal Health and gave the company a “buy” rating in a research note on Saturday, May 5th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Cardinal Health currently has a consensus rating of “Hold” and an average target price of $69.79.
The firm has a market cap of $16.44 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.10 and a quick ratio of 0.54.
Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, May 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.12). Cardinal Health had a net margin of 1.26% and a return on equity of 23.39%. The business had revenue of $33.63 billion for the quarter, compared to analyst estimates of $33.61 billion. equities research analysts predict that Cardinal Health Inc will post 4.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, July 15th. Stockholders of record on Monday, July 2nd will be issued a dividend of $0.476 per share. The ex-dividend date of this dividend is Friday, June 29th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.90%. This is an increase from Cardinal Health’s previous quarterly dividend of $0.46. Cardinal Health’s dividend payout ratio (DPR) is currently 34.26%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new stake in shares of Cardinal Health during the first quarter worth $136,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Cardinal Health during the first quarter worth $750,000. Oakview Capital Management L.P. lifted its holdings in shares of Cardinal Health by 7.3% during the first quarter. Oakview Capital Management L.P. now owns 246,803 shares of the company’s stock worth $15,497,000 after buying an additional 16,887 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Cardinal Health by 7.5% during the first quarter. Suntrust Banks Inc. now owns 62,916 shares of the company’s stock worth $3,941,000 after buying an additional 4,371 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in shares of Cardinal Health by 23.4% during the first quarter. Howard Capital Management Inc. now owns 143,047 shares of the company’s stock worth $8,966,000 after buying an additional 27,113 shares in the last quarter. 91.92% of the stock is owned by institutional investors.
Cardinal Health Company Profile
Cardinal Health, Inc operates as an integrated healthcare services and products company worldwide. The company's Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare, and consumer products to retailers, hospitals, and other healthcare providers.
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