Cardinal Health, Inc. (NYSE:CAH) Receives $158.07 Consensus Target Price from Analysts

Cardinal Health, Inc. (NYSE:CAH) has earned an average rating of “Moderate Buy” from the fifteen analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $163.20.

Several equities research analysts have recently issued reports on CAH shares. Morgan Stanley reissued an “overweight” rating on shares of Cardinal Health in a research report on Tuesday, August 12th. Robert W. Baird raised their price objective on shares of Cardinal Health from $197.00 to $203.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company restated an “overweight” rating and set a $185.00 price objective (up from $183.00) on shares of Cardinal Health in a report on Wednesday. UBS Group restated a “buy” rating on shares of Cardinal Health in a report on Tuesday, August 12th. Finally, Bank of America raised their price objective on shares of Cardinal Health from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CAH. Cerity Partners LLC grew its position in shares of Cardinal Health by 5.9% in the 4th quarter. Cerity Partners LLC now owns 34,920 shares of the company’s stock valued at $4,059,000 after acquiring an additional 1,956 shares during the period. Raymond James Financial Inc. bought a new position in shares of Cardinal Health in the 4th quarter valued at about $45,115,000. Scotia Capital Inc. grew its position in shares of Cardinal Health by 3.0% in the 4th quarter. Scotia Capital Inc. now owns 57,332 shares of the company’s stock valued at $6,781,000 after acquiring an additional 1,678 shares during the period. Legacy Financial Advisors Inc. bought a new position in shares of Cardinal Health in the 4th quarter valued at about $222,000. Finally, Treasurer of the State of North Carolina grew its position in shares of Cardinal Health by 2.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 148,570 shares of the company’s stock valued at $17,571,000 after acquiring an additional 3,800 shares during the period. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Performance

Shares of NYSE:CAH opened at $149.49 on Friday. Cardinal Health has a 52 week low of $106.54 and a 52 week high of $168.44. The company has a market capitalization of $35.70 billion, a PE ratio of 23.18, a PEG ratio of 1.32 and a beta of 0.67. The company has a 50 day moving average price of $159.63 and a two-hundred day moving average price of $144.61.

Cardinal Health (NYSE:CAH) last issued its earnings results on Tuesday, August 12th. The company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.03 by $0.05. Cardinal Health had a net margin of 0.70% and a negative return on equity of 74.45%. The firm had revenue of $60.16 billion during the quarter, compared to the consensus estimate of $60.91 billion. During the same quarter in the prior year, the firm earned $1.84 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. On average, sell-side analysts forecast that Cardinal Health will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a $0.5107 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.4%. Cardinal Health’s dividend payout ratio (DPR) is currently 31.63%.

Cardinal Health Company Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.