Brokerages Set Cardinal Health, Inc. (NYSE:CAH) PT at $139.36

Cardinal Health, Inc. (NYSE:CAH) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $139.36.

A number of analysts have weighed in on CAH shares. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and increased their price objective for the stock from $140.00 to $150.00 in a research report on Wednesday, February 5th. Evercore ISI raised Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 target price for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. increased their target price on Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and increased their target price for the stock from $130.00 to $144.00 in a research note on Wednesday, January 8th. Finally, Morgan Stanley increased their target price on Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st.

Institutional Investors Weigh In On Cardinal Health

A number of large investors have recently bought and sold shares of CAH. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Cardinal Health by 35.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,520 shares of the company’s stock worth $3,871,000 after purchasing an additional 8,471 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its holdings in shares of Cardinal Health by 1.5% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 240,422 shares of the company’s stock worth $28,435,000 after purchasing an additional 3,576 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Cardinal Health by 0.7% during the third quarter. Geode Capital Management LLC now owns 5,749,859 shares of the company’s stock worth $633,298,000 after purchasing an additional 42,082 shares during the last quarter. Consolidated Planning Corp boosted its holdings in shares of Cardinal Health by 40.0% during the fourth quarter. Consolidated Planning Corp now owns 8,926 shares of the company’s stock worth $1,056,000 after purchasing an additional 2,552 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Cardinal Health by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,625 shares of the company’s stock worth $162,976,000 after purchasing an additional 33,388 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cardinal Health Stock Up 1.5 %

Shares of NYSE CAH opened at $128.20 on Thursday. The stock has a market cap of $30.97 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. Cardinal Health has a 52-week low of $93.17 and a 52-week high of $132.84. The business has a 50-day moving average price of $126.33 and a 200 day moving average price of $119.38.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. Sell-side analysts anticipate that Cardinal Health will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.5056 per share. This represents a $2.02 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.

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.