Impact of Brokerage Rating on Cardinal Health, Inc.(CAH)

Many Cardinal Health, Inc.(CAH) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Cardinal Health Inc was Downgraded by Mizuho on Jan 3, 2017 to Neutral, Price Target of the shares are set at $79.Cardinal Health Inc was Downgraded by Leerink Partners to Mkt Perform on Dec 21, 2016.

Company has reported several Insider transactions to the SEC, on Feb 13, 2017, George S Barrett (Chairman and CEO) sold 217,994 shares at 77.23 per share price.On Aug 22, 2016, Stuart G Laws (SVP & Chief Accounting Officer) sold 9,703 shares at 82.45 per share price.On Aug 22, 2016, Patricia Morrison (Chief Information Officer) sold 43,959 shares at 82.50 per share price.

Cardinal Health Inc Last issued its quarterly earnings results on Feb 7, 2017. The company reported $1.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $1.24. The company had revenue of $33150.00 million for the quarter, compared to analysts expectations of $33575.33 million. The companys revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS.

Cardinal Health, Inc. (NYSE:CAH) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.67 by 12 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 10 Brokerage Firms have advised hold.

Cardinal Health, Inc. (NYSE:CAH): 11 Analyst have given the stock of Cardinal Health, Inc. (NYSE:CAH) a near short term price target of $86.09. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $11.11. The higher price target estimate is at $111 while the lower price estimates are fixed at $74.

Cardinal Health, Inc. (NYSE:CAH) rose 1.04% or 0.81 points on Tuesday and made its way into the gainers of the day. After trading began at $77.59 the stock was seen hitting $79.045 as a peak level and $77.38 as the lowest level. The stock ended up at $78.88. The daily volume was measured at 1,777,368 shares. The 52-week high of the share price is $87.85 and the 52-week low is $62.7. The company has a market cap of $24,883 million.

Cardinal Health, Inc. is one of the leading providers of products and services to healthcare providers and manufacturers to help them improve the efficiency and quality of healthcare. These services and products include Pharmaceutical Distribution and Provider Services, Medical-Surgical Products and Services, Pharmaceutical Technologies and Services and Automation and Information Services.

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