Cardinal Health Price Target Lowered to $82.00 at Cowen and Company (CAH)
Equities researchers at Cowen and Company reduced their price objective on shares of Cardinal Health (NYSE:CAH) from $85.00 to $82.00 in a research report issued on Friday, Analyst Ratings Network reports. Cowen and Company’s target price points to a potential upside of 28.53% from the company’s current price.
Shares of Cardinal Health (NYSE:CAH) opened at 63.80 on Friday. Cardinal Health has a 52-week low of $45.59 and a 52-week high of $74.40. The stock has a 50-day moving average of $69.26 and a 200-day moving average of $66.47. The company has a market cap of $21.876 billion and a price-to-earnings ratio of 59.80.
Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.01. The company had revenue of $21.40 million for the quarter, compared to the consensus estimate of $21.72 million. During the same quarter last year, the company posted $1.02 earnings per share. Cardinal Health’s revenue was down 12.7% compared to the same quarter last year. Analysts expect that Cardinal Health will post $3.83 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Raymond James cut their price target on shares of Cardinal Health from $77.00 to $75.00 in a research note on Friday. Separately, 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. 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. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Cardinal Health has a consensus rating of “Buy” and an average target price of $76.16.
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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