Cardinal Health Inc (CAH) Receives Average Rating of “Hold” from Brokerages

Cardinal Health Inc (NYSE:CAH) has earned a consensus rating of “Hold” from the twenty research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $72.99.

Several equities analysts have weighed in on the company. Evercore ISI assumed coverage on Cardinal Health in a research note on Thursday, January 4th. They issued an “in-line” rating and a $67.00 target price on the stock. ValuEngine lowered Cardinal Health from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Deutsche Bank assumed coverage on Cardinal Health in a research note on Monday, December 4th. They issued a “hold” rating and a $64.00 target price on the stock. Morgan Stanley lowered Cardinal Health from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 20th. Finally, Argus lowered Cardinal Health from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th.

Institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new stake in shares of Cardinal Health in the third quarter worth about $102,000. Advisory Services Network LLC increased its holdings in shares of Cardinal Health by 18.4% in the second quarter. Advisory Services Network LLC now owns 1,739 shares of the company’s stock worth $136,000 after acquiring an additional 270 shares in the last quarter. Sun Life Financial INC increased its holdings in shares of Cardinal Health by 16,228.6% in the second quarter. Sun Life Financial INC now owns 2,286 shares of the company’s stock worth $178,000 after acquiring an additional 2,272 shares in the last quarter. Financial Counselors Inc. bought a new stake in shares of Cardinal Health in the second quarter worth about $201,000. Finally, First PREMIER Bank bought a new stake in shares of Cardinal Health in the fourth quarter worth about $163,000. Institutional investors own 88.35% of the company’s stock.

Shares of Cardinal Health (NYSE: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. Cardinal Health has a twelve month low of $54.66 and a twelve month high of $84.88. The company has a quick ratio of 0.52, a current ratio of 1.06 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $22,010.00, a price-to-earnings ratio of 20.84, a PEG ratio of 1.84 and a beta of 0.85.

Cardinal Health (NYSE:CAH) last released its earnings results on Monday, November 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. Cardinal Health had a return on equity of 6.84% and a net margin of 0.36%. The firm had revenue of $32.64 billion for the quarter, compared to analyst estimates of $33.48 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. equities analysts predict that Cardinal Health will post 4.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd will be issued a $0.4624 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.85 annualized dividend and a dividend yield of 2.59%. Cardinal Health’s dividend payout ratio (DPR) is currently 53.94%.

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About Cardinal Health

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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