Cardinal Health, Inc. (CAH) Sets New 1-Year Low at $54.99

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.

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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.

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