Short Term Price Target on Cardinal Health (CAH)

Cardinal Health (NYSE:CAH) : The most positive equity analysts on Cardinal Health (NYSE:CAH) expects the shares to touch $111, whereas, the least positive believes that the stock will trade at $83 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $93.18 with an expected fluctuation of $8.65 from the mean.

Shares of Cardinal Health, Inc. appreciated by 0.46% during the last five trading days but lost 0.31% on a 4-week basis. Cardinal Health, Inc. has dropped 4.48% during the last 3-month period . Year-to-Date the stock performance stands at -11.67%. Also, In a research note released to the investors, Bank of America reinstates its rating on Cardinal Health (NYSE:CAH).The analysts at the brokerage house have a current rating of Neutral on the shares. The rating by the firm was issued on June 7, 2016.

Cardinal Health (NYSE:CAH) has an average broker rating of 2, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Cardinal Health (NYSE:CAH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.36 and $76.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.01, notching a gain of 0.93% for the day. The total traded volume was 2,992,890 . The stock had closed at $77.29 on the previous day.

In an insider trading activity,The officer (Chief HR Officer) of Cardinal Health Inc, Watkins Carole S sold 84,617 shares at $77.33 on May 20, 2016. The Insider selling transaction had a total value worth of $6,543,433. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Cardinal Health, Inc. is a healthcare services and products company. The Company operates in two segments: Pharmaceutical and Medical. The Company also provides medical products to patients in the home. In the United States, the Companys Pharmaceutical segment distributes branded and generic pharmaceutical, over-the-counter healthcare and consumer products through its Pharmaceutical Distribution division to retailers, hospitals and other healthcare providers. In China, the Pharmaceutical segment distributes branded, generic and specialty pharmaceutical, over-the-counter healthcare and consumer products, provides logistics, marketing and other services and operates direct-to-patient specialty pharmacies through Cardinal Health China. The Medical segment distributes a range of medical, surgical and laboratory products and provides services to hospitals, ambulatory surgery centers, clinical laboratories and other healthcare providers.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.