Cardinal Health (CAH) Earns Hold Rating from Robert W. Baird
Cardinal Health (NYSE:CAH)‘s stock had its “hold” rating restated by Robert W. Baird in a research report issued on Wednesday. They currently have a $80.00 price target on the stock. Robert W. Baird’s price objective points to a potential upside of 10.12% from the company’s current price.
A number of other brokerages have also weighed in on CAH. Evercore ISI started coverage on Cardinal Health in a research report on Thursday, January 4th. They set an “in-line” rating and a $67.00 price objective on the stock. Zacks Investment Research upgraded Cardinal Health from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Cardinal Health in a research report on Thursday, October 12th. Cowen upgraded Cardinal Health to a “buy” rating and set a $74.00 price objective on the stock in a research report on Tuesday, October 10th. Finally, Mizuho set a $70.00 price objective on Cardinal Health and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Two equities research 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. The stock currently has an average rating of “Hold” and a consensus target price of $73.58.
Shares of Cardinal Health (NYSE:CAH) traded up $0.07 on Wednesday, hitting $72.65. The stock had a trading volume of 3,369,972 shares, compared to its average volume of 3,436,318. Cardinal Health has a one year low of $54.66 and a one year high of $84.88. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.52 and a current ratio of 1.06. The company has a market cap of $22,900.00, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 2.02 and a beta of 0.85.
Institutional investors and hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new position in Cardinal Health during the 3rd quarter worth about $102,000. Advisory Services Network LLC lifted its holdings in Cardinal Health by 18.4% during the 2nd quarter. Advisory Services Network LLC now owns 1,739 shares of the company’s stock worth $136,000 after buying an additional 270 shares during the period. Sun Life Financial INC lifted its holdings in Cardinal Health by 16,228.6% during the 2nd quarter. Sun Life Financial INC now owns 2,286 shares of the company’s stock worth $178,000 after buying an additional 2,272 shares during the period. First PREMIER Bank acquired a new position in Cardinal Health during the 4th quarter worth about $163,000. Finally, Arete Wealth Advisors LLC acquired a new position in Cardinal Health during the 2nd quarter worth about $224,000. 88.36% of the stock is currently owned by hedge funds and other institutional investors.
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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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