Cardinal Health PT Raised to $78.00 at FBR Capital Markets (CAH)
Analysts at FBR Capital Markets upped their target price on shares of Cardinal Health (NYSE:CAH) from $72.00 to $78.00 in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target would suggest a potential upside of 14.67% from the stock’s previous close.
CAH has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. downgraded shares of Cardinal Health from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $75.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at UBS AG raised their price target on shares of Cardinal Health from $63.00 to $75.00 in a research note to investors on Wednesday, December 11th. They now have a “buy” rating on the stock. Finally, analysts at ISI Group raised their price target on shares of Cardinal Health from $65.50 to $73.50 in a research note to investors on Wednesday, December 11th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.31.
Shares of Cardinal Health (NYSE:CAH) traded down 1.36% during mid-day trading on Friday, hitting $68.02. The stock had a trading volume of 2,546,136 shares. Cardinal Health has a 52-week low of $41.42 and a 52-week high of $69.51. The stock has a 50-day moving average of $67.12 and a 200-day moving average of $58.25. The company has a market cap of $23.227 billion and a P/E ratio of 59.09.
Cardinal Health (NYSE:CAH) last announced its earnings results on Friday, January 31st. The company reported $0.79 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.84 by $0.05. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $20.74 billion. On average, analysts predict that Cardinal Health will post $3.70 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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