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Cardinal Health (NYSE:CAH) has received an “A” credit rating from analysts at Morningstar. The agency’s “A” rating suggests that the company is a low default risk. They also issued a neutral credit outlook for the company and gave their stock a two star rating.

A number of other firms have also recently commented on CAH. Analysts at Argus reiterated a “buy” rating on shares of Cardinal Health in a research note on Monday, August 18th. They now have a $71.43 price target on the stock, down previously from $83.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Cardinal Health in a research note on Tuesday, August 5th. They now have a $82.00 price target on the stock, up previously from $77.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Cardinal Health in a research note on Tuesday, August 5th. They now have a $80.00 price target on the stock, up previously from $76.00. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Cardinal Health presently has an average rating of “Buy” and an average price target of $77.93.

Cardinal Health (NYSE:CAH) opened at 74.37 on Thursday. Cardinal Health has a 52-week low of $49.65 and a 52-week high of $74.70. The stock has a 50-day moving average of $71.97 and a 200-day moving average of $70.00. The company has a market cap of $25.037 billion and a price-to-earnings ratio of 21.85.

Cardinal Health (NYSE:CAH) last posted its quarterly 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 $4.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.3425 per share. This represents a $1.37 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, September 29th.

In other Cardinal Health news, CFO Jeffrey William Henderson sold 26,567 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $72.63, for a total transaction of $1,929,561.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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