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Cardinal Health (NYSE:CAH) has earned an average rating of “Buy” from the nineteen ratings firms that are currently covering the stock, Stock Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $76.53.

Shares of Cardinal Health (NYSE:CAH) traded up 0.34% on Tuesday, hitting $70.88. The stock had a trading volume of 620,547 shares. Cardinal Health has a one year low of $49.20 and a one year high of $74.40. The stock has a 50-day moving average of $69.67 and a 200-day moving average of $68.85. The company has a market cap of $24.113 billion and a price-to-earnings ratio of 70.64.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.01 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was down 12.7% on a year-over-year basis. Analysts expect that Cardinal Health will post $3.82 EPS for the current fiscal year.

A number of research firms have recently commented on CAH. Analysts at Robert W. Baird raised their price target on shares of Cardinal Health from $80.00 to $82.00 in a research note on Wednesday, July 9th. Separately, analysts at Zacks downgraded shares of Cardinal Health from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 11th. They now have a $74.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Cardinal Health in a research note on Monday, June 2nd. They now have a $76.00 price target on the stock.

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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