CareFusion Corp. Reaches New 12-Month High at $39.56 (CFN)
CareFusion Corp. (NYSE:CFN)’s share price reached a new 52-week high during mid-day trading on Thursday, Stock Ratings Network reports. The stock traded as high as $39.56 and last traded at $39.33, with a volume of 1,104,697 shares traded. The stock had previously closed at $38.76.
CFN has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of CareFusion Corp. in a research note to investors on Thursday, September 26th. They now have a $42.00 price target on the stock. Separately, analysts at B. Riley raised their price target on shares of CareFusion Corp. to $37.00 in a research note to investors on Thursday, September 26th. They now have a “neutral” rating on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of CareFusion Corp. in a research note to investors on Thursday, August 29th. They now have a $42.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. CareFusion Corp. has an average rating of “Hold” and a consensus price target of $38.50.
CareFusion Corp. has a 1-year low of $26.00 and a 1-year high of $39.38. The stock’s 50-day moving average is $36.74 and its 200-day moving average is $35.8. The company has a market cap of $8.451 billion and a price-to-earnings ratio of 22.51.
CareFusion Corp. (NYSE:CFN) last announced its earnings results on Thursday, August 8th. The company reported $0.55 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.51 earnings per share. CareFusion Corp.’s revenue was down 6.0% compared to the same quarter last year. Analysts expect that CareFusion Corp. will post $2.34 EPS for the current fiscal year.
CareFusion Corporation (NYSE:CFN) is a global medical technology company.
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