Mizuho Analysts Give Cardinal Health, Inc. (CAH) a $70.00 Price Target

Cardinal Health, Inc. logoMizuho set a $70.00 worth goal on Cardinal Health, Inc. (NYSE:CAH) in a report issued on Tuesday, October 24th. The brokerage at present has a maintain score on the inventory.

CAH has been the topic of a number of different experiences. BidaskClub lowered shares of Cardinal Health from a strong-buy score to a purchase score in a report on Tuesday, July 11th. UBS AG reaffirmed a impartial score and set a $76.00 goal worth (down from $79.00) on shares of Cardinal Health in a report on Wednesday, August ninth. Royal Bank Of Canada initiated protection on shares of Cardinal Health in a report on Tuesday, September 19th. They set a sector carry out score and a $72.00 goal worth for the corporate. Needham & Company LLC reaffirmed a maintain score on shares of Cardinal Health in a report on Thursday, October 12th. Finally, Zacks Investment Research lowered shares of Cardinal Health from a maintain score to a promote score in a report on Tuesday, July 4th. Two funding badysts have rated the inventory with a promote score, ten have issued a maintain score and 5 have given a purchase score to the corporate. Cardinal Health at present has a mean score of Hold and a mean goal worth of $75.72.

Cardinal Health (CAH) traded up $zero.31 throughout buying and selling hours on Tuesday, hitting $61.38. four,167,094 shares of the inventory have been exchanged, in comparison with its common quantity of three,387,357. Cardinal Health has a twelve month low of $60.33 and a twelve month excessive of $84.88. The firm has a market cap of $19,347.96, a PE ratio of 11.32, a P/E/G ratio of 1.78 and a beta of zero.88. The firm has a fast ratio of zero.80, a present ratio of 1.34 and a debt-to-equity ratio of 1.33.

Cardinal Health (NYSE:CAH) final launched its earnings outcomes on Wednesday, August 2nd. The firm reported $1.31 EPS for the quarter, topping badysts’ consensus estimates of $1.24 by $zero.07. Cardinal Health had a web margin of zero.99% and a return on fairness of 26.20%. The firm had income of $32.97 billion throughout the quarter, in comparison with badysts’ expectations of $32.73 billion. During the identical interval final yr, the enterprise earned $1.14 EPS. Cardinal Health’s income for the quarter was up 5.zero% on a year-over-year foundation. equities badysts count on that Cardinal Health will put up four.95 earnings per share for the present fiscal yr.

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The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of document on Monday, October 2nd got a $zero.4624 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $1.85 dividend on an annualized foundation and a yield of three.01%. Cardinal Health’s payout ratio is at present 45.79%.

Large buyers have not too long ago modified their holdings of the enterprise. Brandes Investment Partners LP bought a brand new stake in Cardinal Health throughout the second quarter value about $2,464,00zero. Sheets Smith Wealth Management elevated its stake in Cardinal Health by zero.eight% throughout the second quarter. Sheets Smith Wealth Management now owns 36,800 shares of the corporate’s inventory value $2,867,00zero after buying an extra 300 shares throughout the interval. Victory Capital Management Inc. elevated its stake in Cardinal Health by 202.1% throughout the second quarter. Victory Capital Management Inc. now owns 61,304 shares of the corporate’s inventory value $four,776,00zero after buying an extra 41,013 shares throughout the interval. Dupont Capital Management Corp bought a brand new stake in Cardinal Health throughout the second quarter value about $164,00zero. Finally, Swiss National Bank elevated its stake in shares of Cardinal Health by 1.6% throughout the second quarter. Swiss National Bank now owns 1,152,648 shares of the corporate’s inventory value $89,814,00zero after shopping for an extra 18,600 shares throughout the interval. Institutional buyers personal 87.25% of the corporate’s inventory.

Cardinal Health Company Profile

Cardinal Health, Inc is a healthcare companies and merchandise firm. The Company operates by way of two segments: Pharmaceutical and Medical. The Pharmaceutical phase distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and client merchandise. This phase additionally operates nuclear pharmacies and cyclotron amenities; offers pharmacy administration companies to hospitals, in addition to medicine remedy administration and affected person outcomes companies to hospitals, different healthcare suppliers and payers, and offers companies to healthcare firms.

Analyst Recommendations for Cardinal Health (NYSE:CAH)

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