Share on StockTwits

Cardinal Health (NYSE:CAH) EVP Mark R. Blake sold 2,822 shares of Cardinal Health stock on the open market in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $66.50, for a total value of $187,663.00. Following the transaction, the executive vice president now directly owns 29,119 shares in the company, valued at approximately $1,936,414. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on CAH. Analysts at Credit Suisse cut their price target on shares of Cardinal Health from $80.00 to $76.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Cardinal Health in a research note on Friday, May 2nd. They now have a $77.00 price target on the stock. Finally, analysts at Mizuho cut their price target on shares of Cardinal Health from $79.00 to $77.00 in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Cardinal Health currently has an average rating of “Buy” and a consensus target price of $75.91.

Cardinal Health (NYSE:CAH) traded down 1.42% on Wednesday, hitting $65.22. 1,525,374 shares of the company’s stock traded hands. Cardinal Health has a one year low of $45.59 and a one year high of $74.40. The stock has a 50-day moving average of $67.77 and a 200-day moving average of $67.11. The company has a market cap of $22.188 billion and a price-to-earnings ratio of 66.16.

Cardinal Health (NYSE:CAH) last announced its 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. On average, analysts predict that Cardinal Health will post $3.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.3425 per share. This represents a $1.37 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, June 27th. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.30.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.