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Shares of CareFusion Corp. (NYSE:CFN) hit a new 52-week high on Wednesday, American Banking and Market News reports. The company traded as high as $40.35 and last traded at $40.30, with a volume of 1,015,453 shares trading hands. The stock had previously closed at $40.03.

CFN has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of CareFusion Corp. in a research note to investors on Tuesday, December 24th. They now have a $42.00 price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of CareFusion Corp. in a research note to investors on Wednesday, December 18th. They now have a $45.00 price target on the stock, up previously from $43.00. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of CareFusion Corp. from a “neutral” rating to a “sell” rating in a research note to investors on Tuesday, December 17th. They now have a $36.00 price target on the stock, up previously from $35.00. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $40.82.

CareFusion Corp. has a 1-year low of $29.28 and a 1-year high of $40.29. The stock’s 50-day moving average is $39.43 and its 200-day moving average is $38.09. The company has a market cap of $8.519 billion and a P/E ratio of 23.44.

CareFusion Corp. (NYSE:CFN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. The company had revenue of $830.00 million for the quarter, compared to the consensus estimate of $818.34 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Analysts expect that CareFusion Corp. will post $2.35 EPS for the current fiscal year.

CareFusion Corporation (NYSE:CFN) is a global medical technology company.

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