Cardinal Health, Inc. (CAH) Stock Rating Lowered by BidaskClub
Cardinal Health, Inc. (NYSE:CAH) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday.
CAH has been the topic of several other reports. UBS AG restated a “neutral” rating and issued a $76.00 price objective (down from $79.00) on shares of Cardinal Health in a research report on Thursday, August 3rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $87.00 target price (up previously from $81.00) on shares of Cardinal Health in a research note on Thursday, July 13th. Barclays PLC reaffirmed an “overweight” rating and issued a $82.00 target price (down previously from $88.00) on shares of Cardinal Health in a research note on Saturday, April 22nd. William Blair lowered Cardinal Health from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 19th. Finally, Jefferies Group LLC began coverage on Cardinal Health in a research note on Wednesday, May 17th. They issued a “hold” rating and a $77.00 target price for the company. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. Cardinal Health presently has an average rating of “Hold” and a consensus price target of $80.46.
Cardinal Health (NYSE CAH) traded down 0.63% during midday trading on Wednesday, hitting $66.01. 2,600,249 shares of the stock were exchanged. The company has a market capitalization of $20.86 billion, a P/E ratio of 16.38 and a beta of 0.80. The company’s 50 day moving average is $74.55 and its 200 day moving average is $76.72. Cardinal Health has a 1-year low of $62.70 and a 1-year high of $84.88.
Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.07. The company had revenue of $32.97 billion for the quarter, compared to analysts’ expectations of $32.73 billion. Cardinal Health had a net margin of 0.99% and a return on equity of 26.20%. Cardinal Health’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. Analysts predict that Cardinal Health will post $4.97 earnings per share for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in CAH. Advisory Services Network LLC bought a new stake in Cardinal Health during the first quarter worth $120,000. Bronfman E.L. Rothschild L.P. raised its stake in Cardinal Health by 31.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,583 shares of the company’s stock worth $123,000 after buying an additional 382 shares during the period. JFS Wealth Advisors LLC raised its stake in Cardinal Health by 14.3% in the second quarter. JFS Wealth Advisors LLC now owns 1,949 shares of the company’s stock worth $152,000 after buying an additional 244 shares during the period. Dupont Capital Management Corp bought a new stake in Cardinal Health during the second quarter worth $164,000. Finally, First Personal Financial Services raised its stake in Cardinal Health by 127.5% in the second quarter. First Personal Financial Services now owns 2,209 shares of the company’s stock worth $172,000 after buying an additional 1,238 shares during the period. 86.41% of the stock is owned by hedge funds and other institutional investors.
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.
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