Cardinal Health, Inc. (NYSE:CAH) Receives Average Rating of “Moderate Buy” from Brokerages

Cardinal Health, Inc. (NYSE:CAHGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $103.07.

A number of analysts recently commented on CAH shares. Leerink Partnrs reaffirmed an “outperform” rating on shares of Cardinal Health in a research note on Monday, February 26th. Wells Fargo & Company started coverage on Cardinal Health in a research note on Thursday, December 14th. They set an “underweight” rating and a $96.00 price objective on the stock. TheStreet lowered Cardinal Health from a “b-” rating to a “c+” rating in a research note on Wednesday, December 27th. UBS Group increased their price objective on Cardinal Health from $122.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Argus raised Cardinal Health from a “hold” rating to a “buy” rating in a research note on Friday, February 9th.

Check Out Our Latest Analysis on CAH

Hedge Funds Weigh In On Cardinal Health

A number of large investors have recently modified their holdings of the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Cardinal Health in the fourth quarter valued at about $209,000. Nordea Investment Management AB grew its stake in shares of Cardinal Health by 50.5% in the fourth quarter. Nordea Investment Management AB now owns 184,537 shares of the company’s stock valued at $18,649,000 after buying an additional 61,933 shares in the last quarter. Vest Financial LLC grew its stake in shares of Cardinal Health by 15.9% in the fourth quarter. Vest Financial LLC now owns 282,440 shares of the company’s stock valued at $28,470,000 after buying an additional 38,769 shares in the last quarter. Zurich Insurance Group Ltd FI grew its stake in shares of Cardinal Health by 2,761.9% in the second quarter. Zurich Insurance Group Ltd FI now owns 538,038 shares of the company’s stock valued at $50,882,000 after buying an additional 519,238 shares in the last quarter. Finally, Bellwether Advisors LLC acquired a new stake in shares of Cardinal Health in the fourth quarter valued at about $6,290,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Cardinal Health Stock Performance

Cardinal Health stock opened at $112.58 on Thursday. The firm has a market capitalization of $27.38 billion, a price-to-earnings ratio of 44.32, a price-to-earnings-growth ratio of 1.07 and a beta of 0.68. Cardinal Health has a fifty-two week low of $71.29 and a fifty-two week high of $116.04. The stock’s fifty day moving average is $108.39 and its two-hundred day moving average is $101.85.

Cardinal Health (NYSE:CAHGet Free Report) last posted its earnings results on Thursday, February 1st. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.26. The company had revenue of $57.45 billion for the quarter, compared to analyst estimates of $57.02 billion. Cardinal Health had a negative return on equity of 57.44% and a net margin of 0.30%. Cardinal Health’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.32 earnings per share. As a group, sell-side analysts forecast that Cardinal Health will post 7.29 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be issued a $0.5006 dividend. The ex-dividend date is Thursday, March 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.78%. Cardinal Health’s dividend payout ratio (DPR) is 78.74%.

Cardinal Health Company Profile

(Get Free Report

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.

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Analyst Recommendations for Cardinal Health (NYSE:CAH)

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