Cardinal Health, Inc. (CAH) Given “Hold” Rating at Robert W. Baird
Robert W. Baird reissued their hold rating on shares of Cardinal Health, Inc. (NYSE:CAH) in a research report sent to investors on Sunday morning. They currently have a $73.00 price target on the stock.
Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Cardinal Health from a strong-buy rating to a buy rating in a research report on Tuesday, July 11th. Vetr upgraded shares of Cardinal Health from a hold rating to a buy rating and set a $77.92 price objective for the company in a research report on Tuesday, June 13th. ValuEngine lowered shares of Cardinal Health from a buy rating to a hold rating in a research report on Friday, June 2nd. Jefferies Group LLC restated a hold rating and issued a $77.00 price objective on shares of Cardinal Health in a research report on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of Cardinal Health from a strong sell rating to a hold rating in a research report on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $78.45.
Cardinal Health (NYSE CAH) opened at 67.50 on Friday. Cardinal Health has a 12 month low of $62.70 and a 12 month high of $84.88. The firm has a market capitalization of $21.36 billion, a PE ratio of 16.75 and a beta of 0.85. The stock has a 50 day moving average of $68.30 and a 200 day moving average of $75.04.
Cardinal Health (NYSE:CAH) last issued its earnings results on Wednesday, August 2nd. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. The firm had revenue of $32.97 billion during the quarter, compared to analyst estimates of $32.73 billion. Cardinal Health had a net margin of 0.99% and a return on equity of 26.20%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share. On average, equities analysts predict that Cardinal Health will post $4.96 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, October 2nd will be paid a $0.4624 dividend. This represents a $1.85 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, September 29th. Cardinal Health’s payout ratio is 45.79%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. increased its stake in shares of 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 during the period. Advisory Services Network LLC increased its stake 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 buying an additional 270 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of 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 during the period. Dupont Capital Management Corp purchased a new position in shares of Cardinal Health in the second quarter worth $164,000. Finally, First Personal Financial Services increased its stake in shares of 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 during the period. 87.63% of the stock is currently owned by institutional investors.
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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