B. Riley Increases CareFusion Corp. Price Target to $37.00 (CFN)
Stock analysts at B. Riley increased their target price on shares of CareFusion Corp. (NYSE:CFN) to $37.00 in a report issued on Thursday, AR Network reports. The firm currently has a “neutral” rating on the stock. B. Riley’s price objective indicates a potential downside of 0.27% from the company’s current price.
A number of other firms have also recently commented on CFN. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of CareFusion Corp. (NYSE:CFN) in a research note to investors on Thursday, August 29th. They now have a $42.00 price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of CareFusion Corp. (NYSE:CFN) from $37.00 to $42.00 in a research note to investors on Thursday, August 29th. They now have a “hold” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of CareFusion Corp. (NYSE:CFN) from $35.00 to $37.00 in a research note to investors on Monday, August 12th. They now have an “equal weight” rating on the stock. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. CareFusion Corp. presently has an average rating of “Hold” and an average price target of $38.50.
Shares of CareFusion Corp. (NYSE:CFN) traded down 0.27% on Thursday, hitting $37.10. The stock had a trading volume of 1,245,836 shares. CareFusion Corp. has a 52-week low of $26.00 and a 52-week high of $39.38. The stock has a 50-day moving average of $36.72 and a 200-day moving average of $36.1. The company has a market cap of $7.953 billion and a price-to-earnings ratio of 21.60.
CareFusion Corp. (NYSE:CFN) last announced its earnings results on Thursday, August 8th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.56 by $0.01. The company had revenue of $903.00 million for the quarter, compared to the consensus estimate of $918.25 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, analysts predict that CareFusion Corp. will post $2.35 earnings per share for the current fiscal year.
CareFusion Corporation (NYSE:CFN) is a global medical technology company.
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