A number of other brokerages have also recently issued reports on CAH. Royal Bank of Canada assumed coverage on Cardinal Health in a research note on Tuesday, September 19th. They set a sector perform rating and a $72.00 price objective for the company. Mizuho set a $70.00 price objective on Cardinal Health and gave the company a hold rating in a research note on Tuesday, October 24th. Needham & Company LLC reiterated a hold rating on shares of Cardinal Health in a research note on Thursday, October 12th. Cowen upgraded Cardinal Health to a buy rating and set a $74.00 price objective for the company in a research note on Tuesday, October 10th. Finally, Evercore ISI assumed coverage on Cardinal Health in a research note on Thursday, January 4th. They set an in-line rating and a $67.00 price objective for the company. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $73.58.
Cardinal Health (NYSE:CAH) opened at $71.91 on Wednesday. The stock has a market capitalization of $22,623.18, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 1.65 and a beta of 0.85. 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 firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd were paid a $0.4624 dividend. This represents a $1.85 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Friday, December 29th. Cardinal Health’s dividend payout ratio is currently 53.78%.
Several hedge funds have recently bought and sold shares of CAH. Profund Advisors LLC raised its stake in shares of Cardinal Health by 20.7% in the second quarter. Profund Advisors LLC now owns 10,571 shares of the company’s stock worth $824,000 after purchasing an additional 1,812 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of Cardinal Health in the second quarter worth $41,953,000. UBS Asset Management Americas Inc. raised its stake in shares of Cardinal Health by 6.1% in the second quarter. UBS Asset Management Americas Inc. now owns 1,409,051 shares of the company’s stock worth $109,793,000 after purchasing an additional 81,569 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Cardinal Health by 1.9% in the second quarter. Vanguard Group Inc. now owns 23,642,277 shares of the company’s stock worth $1,842,205,000 after purchasing an additional 440,967 shares during the last quarter. Finally, TIAA FSB bought a new stake in shares of Cardinal Health in the second quarter worth $3,750,000. Hedge funds and other institutional investors own 88.36% of the company’s stock.
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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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