Cardinal Health, Inc. (CAH) PT Set at $70.00 by Mizuho
Cardinal Health, Inc. (NYSE:CAH) has been assigned a $70.00 price target by investment analysts at Mizuho in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the stock. Mizuho’s target price indicates a potential upside of 5.36% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Cardinal Health from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Evercore ISI reaffirmed an “outperform” rating on shares of Cardinal Health in a research note on Tuesday, July 4th. BidaskClub cut Cardinal Health from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Credit Suisse Group reaffirmed an “outperform” rating and set a $87.00 target price (up previously from $81.00) on shares of Cardinal Health in a research note on Thursday, July 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $77.00 target price on shares of Cardinal Health in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $75.72.
Cardinal Health (NYSE:CAH) opened at 66.44 on Tuesday. The stock’s 50 day moving average price is $67.02 and its 200 day moving average price is $71.93. The company has a market capitalization of $21.03 billion, a price-to-earnings ratio of 16.49 and a beta of 0.86. Cardinal Health has a 12 month low of $62.70 and a 12 month high of $84.88.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAH. Massmutual Trust Co. FSB ADV acquired a new stake in Cardinal Health during the 4th quarter worth about $101,000. Acrospire Investment Management LLC acquired a new stake in Cardinal Health during the 1st quarter worth about $107,000. Integrated Investment Consultants LLC grew its position in Cardinal Health by 15.4% during the 2nd quarter. Integrated Investment Consultants LLC now owns 1,459 shares of the company’s stock worth $114,000 after purchasing an additional 195 shares during the period. Advisory Services Network LLC acquired a new stake in Cardinal Health during the 1st quarter worth about $120,000. Finally, Bronfman E.L. Rothschild L.P. grew its position in Cardinal Health by 31.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,583 shares of the company’s stock worth $123,000 after purchasing an additional 382 shares during the period. 87.80% of the stock is currently 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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