Cardinal Health Receives Average Recommendation of “Buy” from Brokerages (NYSE:CAH)
Cardinal Health (NYSE:CAH) has earned an average rating of “Buy” from the nineteen ratings firms that are currently covering the stock, Stock Ratings Network.com 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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