Cardinal Health, Inc. (CAH) Given a $77.00 Price Target at Jefferies Group LLC
Other equities research analysts have also recently issued research reports about the stock. Vetr raised shares of Cardinal Health from a hold rating to a buy rating and set a $77.92 price target for the company in a research report on Tuesday, June 13th. BidaskClub cut shares of Cardinal Health from a strong-buy rating to a buy rating in a research report on Tuesday, July 11th. Credit Suisse Group reaffirmed a buy rating and issued a $81.00 price target on shares of Cardinal Health in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of Cardinal Health from a strong sell rating to a hold rating in a research report on Tuesday, June 20th. Finally, ValuEngine cut shares of Cardinal Health from a buy rating to a hold rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $80.46.
Cardinal Health (NYSE:CAH) opened at 67.82 on Tuesday. The company has a market cap of $21.46 billion, a PE ratio of 16.83 and a beta of 0.86. Cardinal Health has a 1-year low of $62.70 and a 1-year high of $84.88. The company has a 50-day moving average price of $70.74 and a 200-day moving average price of $75.84.
Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.07. Cardinal Health had a net margin of 0.99% and a return on equity of 26.20%. The firm had revenue of $32.97 billion during the quarter, compared to analysts’ expectations of $32.73 billion. During the same quarter in the prior year, the company earned $1.14 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. On average, analysts expect that Cardinal Health will post $4.96 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, October 2nd will be issued a $0.4624 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 2.73%. Cardinal Health’s dividend payout ratio is currently 45.79%.
Several hedge funds and other institutional investors have recently bought and sold shares of CAH. Advisory Services Network LLC bought a new position in Cardinal Health during the first quarter worth about $120,000. Bronfman E.L. Rothschild L.P. boosted its position in Cardinal Health by 31.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,583 shares of the company’s stock worth $123,000 after buying an additional 382 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in Cardinal Health by 14.3% in the second quarter. JFS Wealth Advisors LLC now owns 1,949 shares of the company’s stock worth $152,000 after buying an additional 244 shares in the last quarter. Dupont Capital Management Corp bought a new position in Cardinal Health during the second quarter worth about $164,000. Finally, First Personal Financial Services boosted its position in Cardinal Health by 127.5% in the second quarter. First Personal Financial Services now owns 2,209 shares of the company’s stock worth $172,000 after buying an additional 1,238 shares in the last quarter. 87.66% of the stock is owned by institutional investors and hedge funds.
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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