Cardinal Well being (NYSE:CAH – Get Free Report) had its worth goal hoisted by analysts at Barclays from $117.00 to $133.00 in a analysis report issued on Monday, Benzinga reviews. The agency at the moment has an “obese” ranking on the inventory. Barclays‘s worth goal factors to a possible upside of 17.51% from the corporate’s earlier shut.
CAH has been the topic of a number of different analysis reviews. Deutsche Financial institution Aktiengesellschaft elevated their goal worth on Cardinal Well being from $115.00 to $119.00 and gave the inventory a “maintain” ranking in a analysis report on Friday, August sixteenth. StockNews.com lowered Cardinal Well being from a “strong-buy” ranking to a “purchase” ranking in a analysis report on Sunday. Evercore ISI boosted their goal worth on shares of Cardinal Well being from $105.00 to $115.00 and gave the corporate an “in-line” ranking in a report on Thursday, August fifteenth. Robert W. Baird elevated their worth goal on shares of Cardinal Well being from $130.00 to $137.00 and gave the inventory an “outperform” ranking in a analysis notice on Thursday, August fifteenth. Lastly, Morgan Stanley boosted their worth goal on shares of Cardinal Well being from $114.00 to $119.00 and gave the inventory an “obese” ranking in a analysis notice on Thursday, August fifteenth. One funding analyst has rated the inventory with a promote ranking, 5 have assigned a maintain ranking and eight have assigned a purchase ranking to the corporate’s inventory. In accordance with information from MarketBeat, Cardinal Well being at the moment has a median ranking of “Reasonable Purchase” and a consensus worth goal of $123.00.
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Cardinal Well being Inventory Up 1.1 %
NYSE:CAH opened at $113.18 on Monday. The agency’s fifty day easy transferring common is $111.79 and its 200 day easy transferring common is $104.20. The inventory has a market cap of $27.39 billion, a P/E ratio of twenty-two.02, a price-to-earnings-growth ratio of 1.57 and a beta of 0.60. Cardinal Well being has a twelve month low of $93.17 and a twelve month excessive of $119.13.
Cardinal Well being (NYSE:CAH – Get Free Report) final introduced its earnings outcomes on Friday, November 1st. The corporate reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.26. Cardinal Well being had a web margin of 0.56% and a adverse return on fairness of 56.56%. The agency had income of $52.28 billion for the quarter, in comparison with analyst estimates of $50.90 billion. Throughout the identical quarter within the earlier 12 months, the agency posted $1.73 EPS. The corporate’s income for the quarter was down 4.3% in comparison with the identical quarter final 12 months. On common, analysts anticipate that Cardinal Well being will publish 7.69 EPS for the present fiscal 12 months.
Insiders Place Their Bets
In different information, insider Jessica L. Mayer bought 16,573 shares of the corporate’s inventory in a transaction on Wednesday, August twenty first. The inventory was bought at a median worth of $109.39, for a complete transaction of $1,812,920.47. Following the transaction, the insider now instantly owns 75,971 shares of the corporate’s inventory, valued at $8,310,467.69. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the SEC, which is on the market by the SEC web site. In associated information, CEO Jason M. Hollar bought 46,455 shares of the inventory in a transaction that occurred on Monday, August nineteenth. The shares had been bought at a median worth of $109.02, for a complete transaction of $5,064,524.10. Following the transaction, the chief govt officer now owns 197,636 shares within the firm, valued at $21,546,276.72. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is on the market at the SEC web site. Additionally, insider Jessica L. Mayer bought 16,573 shares of the inventory in a transaction that occurred on Wednesday, August twenty first. The shares had been bought at a median worth of $109.39, for a complete transaction of $1,812,920.47. Following the transaction, the insider now owns 75,971 shares within the firm, valued at roughly $8,310,467.69. This commerce represents a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. Within the final quarter, insiders bought 113,963 shares of firm inventory valued at $12,379,980. Company insiders personal 0.09% of the corporate’s inventory.
Hedge Funds Weigh In On Cardinal Well being
A number of hedge funds and different institutional buyers have lately modified their holdings of the corporate. Japanese Financial institution purchased a brand new place in Cardinal Well being within the third quarter valued at about $25,000. Cultivar Capital Inc. bought a brand new place in shares of Cardinal Well being within the second quarter price roughly $27,000. Ashton Thomas Personal Wealth LLC purchased a brand new stake in Cardinal Well being throughout the second quarter valued at roughly $29,000. Hara Capital LLC bought a brand new stake in Cardinal Well being throughout the third quarter valued at roughly $31,000. Lastly, LRI Investments LLC purchased a brand new place in Cardinal Well being within the first quarter price roughly $32,000. 87.17% of the inventory is owned by institutional buyers.
About Cardinal Well being
Cardinal Well being, Inc operates as a healthcare companies and merchandise firm in the US, Canada, Europe, Asia, and internationally. It gives custom-made options for hospitals, healthcare programs, pharmacies, ambulatory surgical procedure facilities, medical laboratories, doctor places of work, and sufferers within the house.
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