With an institutional ownership near 12.2%, it carries an earnings per share ratio of 0.88. 11 analysts said Hold signal for the stock.
The firm also recently declared a quarterly dividend, which was paid on Saturday, October 15th. The mean price target for the equity is at $88.27 while the highest price target suggested by the brokerage firms is $107.00 and low price target is $80.00. The Closing price of Cardinal Health, Inc.
Analysts' mean recommendation for Cardinal Health, Inc.'s (CAH) stands at 2.30. Credit Suisse Group AG reaffirmed a "buy" rating and set a $97.00 target price on shares of Cardinal Health in a report on Tuesday, August 30th. The ability for Cardinal Health, Inc.to pay for the 2.62% dividend yield is 35.50% payout ratio. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company.
When it comes to the Analysis of a Stock, Price Target plays a vital role. AmerisourceBergen plans to release earnings on Wednesday.
TheStreet Ratings rated this stock as a "buy" with a ratings score of B. The company has got a 52-week exceptional price of $91.23 and reached a 52-week lowest of the share price at $63.26. Cardinal Health has recorded a 50-day average of $76.13 and a two hundred day average of $79.41.
Cardinal Health (NYSE:CAH) last announced its earnings results on Monday, October 31st. The company's quarterly revenue was up 14.2% on a year-over-year basis.
Shares of the Dublin, Ohio-based company surged 5% during morning trades in the wake of a near double-digit sell-off on Friday, wrought by lower-than-expected earnings from rival McKesson (MCK). The firm's revenue was up 14.2% compared to the same quarter a year ago. Recently, analysts have updated the overall rating to 2.3. Equities analysts forecast that Cardinal Health will post $5.59 earnings per share for the current year. The company lost about -8.6 percent in value since last earnings when it was at $81.93. The job of analysts is to issue recommendations for their clients, and not typically for the general public.
Check back later for our full write up on this Cardinal Health earnings report later! WATKINS CAROLE S sold $6.54M worth of stock or 84,617 shares. Advisory Services Network LLC increased its position in shares of Cardinal Health by 398.2% in the second quarter. National Asset Management Inc. now owns 3,810 shares of the company's stock valued at $298,000 after buying an additional 716 shares during the period. The company reported the earnings of $1.14/Share in the last quarter where the estimated EPS by analysts was $1.13/share.
In related news, SVP Stuart G. Laws sold 9,703 shares of the company's stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $83.76, for a total transaction of $10,873,555.68. Following the completion of the sale, the insider now owns 90,811 shares in the company, valued at approximately $7,549,118.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.