Cardinal Health Given Average Recommendation of “Buy” by Brokerages (NYSE:CAH)
Cardinal Health (NYSE:CAH) has received a consensus recommendation of “Buy” from the twenty analysts that are currently covering the company, StockRatingsNetwork.com reports. Two investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $76.53.
Shares of Cardinal Health (NYSE:CAH) opened at 68.65 on Tuesday. Cardinal Health has a 1-year low of $43.45 and a 1-year high of $74.40. The stock has a 50-day moving average of $70.38 and a 200-day moving average of $65.8. The company has a market cap of $23.539 billion and a P/E ratio of 63.04.
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 $3.84 earnings per share for the current fiscal year.
A number of research firms have recently commented on CAH. Analysts at Bank of America reiterated a “buy” rating on shares of Cardinal Health in a research note on Thursday, April 3rd. They now have a $76.00 price target on the stock, up previously from $75.00. Separately, analysts at Cowen and Company raised their price target on shares of Cardinal Health from $83.00 to $85.00 in a research note on Monday, March 24th. Finally, analysts at Ned Davis Research upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th.
Cardinal Health, Inc is a healthcare services company providing pharmaceutical and medical products and services to pharmacies, hospitals, ambulatory surgery centers, clinical laboratories, physician offices and other healthcare providers.
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