Cardinal Health PT Raised to $60.00 at Credit Suisse (CAH)
Investment analysts at Credit Suisse raised their target price on shares of Cardinal Health (NYSE:CAH) from $58.00 to $60.00 in a note issued to investors on Thursday, American Banking & Market News reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target points to a potential upside of 12.15% from the company’s current price.
CAH has been the subject of a number of other recent research reports. Analysts at Sterne Agee initiated coverage on shares of Cardinal Health (NYSE:CAH) in a research note to investors on Thursday, September 19th. They set a “neutral” rating and a $48.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Cardinal Health (NYSE:CAH) from $59.00 to $65.00 in a research note to investors on Tuesday, August 6th. They now have a “buy” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Cardinal Health (NYSE:CAH) from $57.00 to $60.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $52.57.
Cardinal Health (NYSE:CAH) traded up 0.55% on Thursday, hitting $53.50. The stock had a trading volume of 3,854,465 shares. Cardinal Health has a 1-year low of $38.76 and a 1-year high of $53.92. The stock’s 50-day moving average is $51.75 and its 200-day moving average is $47.97. The company has a market cap of $18.161 billion and a price-to-earnings ratio of 55.03.
Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, August 1st. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.02. The company had revenue of $25.40 billion for the quarter, compared to the consensus estimate of $24.56 billion. During the same quarter last year, the company posted $0.73 earnings per share. Cardinal Health’s revenue was down 5.0% compared to the same quarter last year. On average, analysts predict that Cardinal Health will post $3.58 earnings per share for the current fiscal year.
Cardinal Health, Inc is a healthcare services company providing products and services that help pharmacies, hospitals, surgery centers, physician offices and other healthcare providers.
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