Cardinal Health, Inc. (NYSE:CAH)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research note issued to investors on Thursday. They currently have a $77.00 target price on the stock. Jefferies Group LLC’s target price would indicate a potential upside of 0.52% from the company’s previous close.

Several other brokerages have also recently weighed in on CAH. BidaskClub cut Cardinal Health from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research raised Cardinal Health from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 20th. Needham & Company LLC initiated coverage on Cardinal Health in a report on Tuesday, April 4th. They issued a “hold” rating for the company. Credit Suisse Group reaffirmed an “outperform” rating and issued a $87.00 price objective (up from $81.00) on shares of Cardinal Health in a report on Thursday, July 13th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Cardinal Health in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $82.99.

Shares of Cardinal Health (CAH) traded down 1.38% during midday trading on Thursday, reaching $76.60. The company’s stock had a trading volume of 1,640,598 shares. Cardinal Health has a 12 month low of $62.70 and a 12 month high of $85.52. The firm has a market cap of $24.20 billion, a price-to-earnings ratio of 18.29 and a beta of 0.81. The company has a 50-day moving average price of $77.09 and a 200-day moving average price of $77.17.

Cardinal Health (NYSE:CAH) last issued its earnings results on Monday, May 1st. The company reported $1.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.07. Cardinal Health had a return on equity of 25.78% and a net margin of 1.05%. The company had revenue of $31.82 billion during the quarter, compared to the consensus estimate of $32.30 billion. During the same period in the previous year, the company posted $1.43 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts expect that Cardinal Health will post $5.35 earnings per share for the current year.

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In related news, CEO of Cardinal Health’s pharmaceutical segment Jon L. Giacomin sold 23,270 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $72.87, for a total transaction of $1,695,684.90. Following the completion of the sale, the insider now directly owns 55,440 shares of the company’s stock, valued at $4,039,912.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.94% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CAH. National Pension Service raised its position in shares of Cardinal Health by 1.8% in the first quarter. National Pension Service now owns 260,907 shares of the company’s stock valued at $21,308,000 after buying an additional 4,712 shares during the period. Quadrant Capital Group LLC raised its position in shares of Cardinal Health by 6.3% in the first quarter. Quadrant Capital Group LLC now owns 1,972 shares of the company’s stock valued at $156,000 after buying an additional 116 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Cardinal Health by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 98,741 shares of the company’s stock valued at $8,052,000 after buying an additional 1,300 shares during the period. Sheets Smith Wealth Management raised its position in shares of Cardinal Health by 7.4% in the first quarter. Sheets Smith Wealth Management now owns 36,500 shares of the company’s stock valued at $2,977,000 after buying an additional 2,500 shares during the period. Finally, Charter Trust Co. raised its position in shares of Cardinal Health by 107.4% in the first quarter. Charter Trust Co. now owns 6,330 shares of the company’s stock valued at $516,000 after buying an additional 3,278 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.

Cardinal Health Company Profile

Cardinal Health, Inc is a healthcare services and products company. The Company operates through two segments: Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products. This segment also operates nuclear pharmacies and cyclotron facilities; provides pharmacy management services to hospitals, as well as medication therapy management and patient outcomes services to hospitals, other healthcare providers and payers, and provides services to healthcare companies.

Analyst Recommendations for Cardinal Health (NYSE:CAH)

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