Cardinal Health, Inc. (NYSE:CAH) shares hit a new 52-week low on Monday . The company traded as low as $54.99 and last traded at $57.51, with a volume of 3800400 shares trading hands. The stock had previously closed at $57.42.
A number of brokerages recently weighed in on CAH. UBS AG restated a “neutral” rating and issued a $76.00 price objective (down previously from $79.00) on shares of Cardinal Health in a report on Thursday, August 3rd. BidaskClub downgraded shares of Cardinal Health from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Cardinal Health from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Cowen and Company reiterated a “market perform” rating and issued a $77.00 price target (down previously from $82.00) on shares of Cardinal Health in a research note on Thursday, August 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cardinal Health in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $74.81.
The firm has a market cap of $18,130.00, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.66 and a beta of 0.88. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.06 and a quick ratio of 0.52.
Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Monday, November 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. The business had revenue of $32.64 billion during the quarter, compared to the consensus estimate of $33.48 billion. Cardinal Health had a net margin of 0.84% and a return on equity of 25.24%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. sell-side analysts predict that Cardinal Health, Inc. will post 4.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.4624 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.85 annualized dividend and a dividend yield of 3.22%. Cardinal Health’s dividend payout ratio is presently 53.94%.
Several large investors have recently modified their holdings of the company. Cambridge Financial Group Inc. lifted its position in shares of Cardinal Health by 1.8% during the 3rd quarter. Cambridge Financial Group Inc. now owns 72,686 shares of the company’s stock worth $4,864,000 after buying an additional 1,251 shares during the last quarter. Coastline Trust Co lifted its position in shares of Cardinal Health by 56.7% during the 3rd quarter. Coastline Trust Co now owns 11,000 shares of the company’s stock worth $736,000 after buying an additional 3,980 shares during the last quarter. Smith Shellnut Wilson LLC ADV purchased a new stake in Cardinal Health in the 3rd quarter valued at $225,000. Iguana Healthcare Management LLC purchased a new stake in Cardinal Health in the 3rd quarter valued at $2,008,000. Finally, ICICI Prudential Asset Management Co Ltd purchased a new stake in Cardinal Health in the 3rd quarter valued at $328,000. Institutional investors and hedge funds own 88.50% of the company’s stock.
About Cardinal Health
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.
Receive News & Ratings for Cardinal Health Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardinal Health Inc. and related companies with MarketBeat.com's FREE daily email newsletter.