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.
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.
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