Needham & Company LLC reissued their hold rating on shares of Cardinal Health, Inc. (NYSE:CAH) in a research note issued to investors on Thursday morning.

CAH has been the topic of several other reports. UBS AG restated a neutral rating and set a $76.00 price objective (down from $79.00) on shares of Cardinal Health in a research report on Thursday, August 3rd. Credit Suisse Group restated an outperform rating and set a $87.00 price objective (up from $81.00) on shares of Cardinal Health in a research report on Thursday, July 13th. BidaskClub downgraded shares of Cardinal Health from a buy rating to a hold rating in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Cardinal Health from a hold rating to a sell rating in a research report on Monday, August 7th. Finally, Cowen and Company restated a market perform rating and set a $77.00 price objective (down from $82.00) on shares of Cardinal Health in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Cardinal Health has a consensus rating of Hold and an average target price of $76.54.

Shares of Cardinal Health (NYSE CAH) traded down 2.07% during midday trading on Thursday, reaching $64.96. 3,742,252 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $67.26 and a 200-day moving average of $72.98. The stock has a market cap of $20.56 billion, a price-to-earnings ratio of 16.12 and a beta of 0.86. Cardinal Health has a one year low of $62.70 and a one year high of $84.88.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.07. The firm had revenue of $32.97 billion for the quarter, compared to the consensus estimate of $32.73 billion. Cardinal Health had a net margin of 0.99% and a return on equity of 26.20%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS. On average, equities research analysts anticipate that Cardinal Health will post $4.95 earnings per share for the current 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 yield of 2.85%. Cardinal Health’s dividend payout ratio is currently 45.79%.

Several large investors have recently modified their holdings of CAH. Bronfman E.L. Rothschild L.P. grew its stake in shares of Cardinal Health by 31.8% in the 2nd 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. Advisory Services Network LLC grew its stake in shares of Cardinal Health by 18.4% in the 2nd quarter. Advisory Services Network LLC now owns 1,739 shares of the company’s stock worth $136,000 after buying an additional 270 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Cardinal Health by 14.3% in the 2nd 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 purchased a new position in shares of Cardinal Health in the 2nd quarter worth $164,000. Finally, First Personal Financial Services grew its stake in shares of Cardinal Health by 127.5% in the 2nd 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. 87.98% 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.

Analyst Recommendations for Cardinal Health (NYSE:CAH)

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