Leerink Swann Increases Cardinal Health Price Target to $84.00 (CAH)
Stock analysts at Leerink Swann upped their target price on shares of Cardinal Health (NYSE:CAH) from $78.00 to $84.00 in a report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Leerink Swann’s price objective points to a potential upside of 18.86% from the stock’s previous close.
In other Cardinal Health news, CAO Stuart G. Laws sold 21,266 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $72.50, for a total value of $1,541,785.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Mizuho reiterated a “buy” rating on shares of Cardinal Health in a research note on Monday. Separately, analysts at ISI Group raised their price target on shares of Cardinal Health from $77.00 to $78.50 in a research note on Monday. They now have a “buy” rating on the stock. Finally, 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. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Cardinal Health currently has a consensus rating of “Buy” and an average target price of $78.03.
Cardinal Health (NYSE:CAH) traded up 0.55% during mid-day trading 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 $70.38 and a 200-day moving average of $69.30. The company has a market cap of $24.042 billion and a P/E ratio of 70.28. Cardinal Health also saw unusually large options trading on Tuesday. Investors bought 1,849 call options on the stock. This represents an increase of approximately 214% compared to the average volume of 588 call options.
Cardinal Health (NYSE:CAH) last released its earnings data on Monday, August 4th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue 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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