Cardinal Health, Inc. (NYSE:CAH) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Cardinal Health, Inc. (NYSE:CAH) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $103.07.

Several research analysts have recently weighed in on CAH shares. SVB Leerink assumed coverage on shares of Cardinal Health in a research note on Monday, February 26th. They set an “outperform” rating and a $125.00 price objective on the stock. Argus upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. UBS Group upped their price target on shares of Cardinal Health from $122.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Leerink Partnrs reiterated an “outperform” rating on shares of Cardinal Health in a research note on Monday, February 26th. Finally, Barclays assumed coverage on shares of Cardinal Health in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $117.00 price target on the stock.

Cardinal Health Price Performance

Cardinal Health stock opened at $103.20 on Monday. The firm has a market capitalization of $25.10 billion, a PE ratio of 40.63, a P/E/G ratio of 1.00 and a beta of 0.68. The company’s 50-day moving average is $109.51 and its 200-day moving average is $104.67. Cardinal Health has a fifty-two week low of $77.56 and a fifty-two week high of $116.04.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.26. The company had revenue of $57.45 billion for the quarter, compared to analyst estimates of $57.02 billion. Cardinal Health had a net margin of 0.30% and a negative return on equity of 57.44%. Cardinal Health’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 EPS. As a group, analysts expect that Cardinal Health will post 7.28 EPS for the current year.

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a $0.5006 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, March 28th. Cardinal Health’s dividend payout ratio is currently 78.74%.

Institutional Trading of Cardinal Health

Institutional investors and hedge funds have recently made changes to their positions in the company. Clearstead Trust LLC bought a new stake in shares of Cardinal Health during the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC bought a new stake in shares of Cardinal Health during the 3rd quarter worth approximately $26,000. Raleigh Capital Management Inc. lifted its holdings in shares of Cardinal Health by 4,466.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 274 shares of the company’s stock worth $28,000 after acquiring an additional 268 shares during the period. BKM Wealth Management LLC acquired a new position in Cardinal Health during the 4th quarter worth approximately $30,000. Finally, YHB Investment Advisors Inc. acquired a new position in Cardinal Health during the 1st quarter worth approximately $32,000. Institutional investors own 87.17% of the company’s stock.

About Cardinal Health

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.