Cardinal Health, Inc. (NYSE:CAH) Receives $109.67 Average PT from Brokerages

Shares of Cardinal Health, Inc. (NYSE:CAH) have been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $109.67.

Several research analysts have commented on CAH shares. Robert W. Baird boosted their price target on shares of Cardinal Health from $129.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. Wells Fargo & Company lowered their target price on shares of Cardinal Health from $96.00 to $94.00 and set an “underweight” rating for the company in a report on Monday, April 29th. Citigroup lowered their target price on shares of Cardinal Health from $115.00 to $107.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Evercore ISI lowered their target price on shares of Cardinal Health from $115.00 to $105.00 and set an “in-line” rating for the company in a report on Tuesday, July 9th. Finally, StockNews.com upgraded shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a report on Monday, July 22nd.

Institutional Trading of Cardinal Health

Several institutional investors and hedge funds have recently bought and sold shares of the business. Aaron Wealth Advisors LLC raised its position in Cardinal Health by 1.2% during the 4th quarter. Aaron Wealth Advisors LLC now owns 8,369 shares of the company’s stock worth $844,000 after buying an additional 97 shares during the last quarter. J. W. Coons Advisors LLC grew its stake in shares of Cardinal Health by 0.6% during the 4th quarter. J. W. Coons Advisors LLC now owns 16,680 shares of the company’s stock worth $1,681,000 after purchasing an additional 100 shares during the period. Edmonds Duncan Registered Investment Advisors LLC grew its stake in shares of Cardinal Health by 5.0% during the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 2,090 shares of the company’s stock worth $234,000 after purchasing an additional 100 shares during the period. Midland Wealth Advisors LLC grew its stake in shares of Cardinal Health by 4.2% during the 2nd quarter. Midland Wealth Advisors LLC now owns 2,488 shares of the company’s stock worth $245,000 after purchasing an additional 100 shares during the period. Finally, Aptus Capital Advisors LLC grew its stake in shares of Cardinal Health by 5.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,071 shares of the company’s stock worth $204,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Up 1.2 %

NYSE CAH opened at $99.52 on Wednesday. Cardinal Health has a 52 week low of $85.11 and a 52 week high of $116.04. The stock has a market capitalization of $24.24 billion, a PE ratio of 44.23, a price-to-earnings-growth ratio of 1.14 and a beta of 0.61. The firm has a 50 day moving average of $98.57 and a two-hundred day moving average of $103.32.

About Cardinal Health

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.