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Cardinal Health (NYSE:CAH) saw some unusual options trading activity on Tuesday. Stock investors purchased 1,849 call options on the company, StockRatingsNetwork.com reports. This is an increase of 214% compared to the typical volume of 588 call options.

In other Cardinal Health news, CAO Stuart G. Laws unloaded 21,266 shares of the stock on the open market in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $72.50, for a total transaction of $1,541,785.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

CAH has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Cardinal Health in a research note on Tuesday. They now have a $82.00 price target on the stock, up previously from $77.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Cardinal Health in a research note on Tuesday. They now have a $80.00 price target on the stock, up previously from $76.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Cardinal Health in a research note on Tuesday. They now have a $74.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Cardinal Health presently has a consensus rating of “Buy” and an average price target of $78.03.

Cardinal Health (NYSE:CAH) traded up 0.55% on Tuesday, hitting $70.67. The stock had a trading volume of 2,437,333 shares. Cardinal Health has a 52-week low of $49.65 and a 52-week high of $74.40. The stock has a 50-day moving average of $70.29 and a 200-day moving average of $69.28. The company has a market cap of $24.042 billion and a P/E ratio of 70.28.

Cardinal Health (NYSE:CAH) last announced its earnings results on Monday, August 4th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $21.88 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. Analysts expect that Cardinal Health will post $4.25 EPS for the current fiscal year.

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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