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Cardinal Well being (NYSE:CAH – Get Rating) was downgraded by analysts at StockNews.com from a “strong-buy” ranking to a “purchase” ranking in a analysis report issued to shoppers and buyers on Monday.
A number of different analysis corporations additionally not too long ago issued stories on CAH. Mizuho lifted their worth goal on Cardinal Well being from $66.00 to $74.00 and gave the inventory a “impartial” ranking in a report on Monday, November 14th. Credit score Suisse Group lifted their worth goal on Cardinal Well being from $64.00 to $79.00 and gave the inventory a “impartial” ranking in a report on Tuesday, November twenty second. Morgan Stanley lifted their worth goal on Cardinal Well being from $76.00 to $82.00 and gave the inventory an “obese” ranking in a report on Monday, November seventh. UBS Group boosted their worth goal on Cardinal Well being from $61.00 to $78.00 and gave the corporate a “purchase” ranking in a report on Monday, August twenty ninth. Lastly, Financial institution Of America (Bofa) upgraded Cardinal Well being from an “underperform” ranking to a “impartial” ranking and boosted their worth goal for the corporate from $64.00 to $80.00 in a report on Friday, November 4th. Eight equities analysis analysts have rated the inventory with a maintain ranking and 4 have issued a purchase ranking to the corporate. Based mostly on knowledge from MarketBeat, the corporate at present has a consensus ranking of “Maintain” and a mean goal worth of $76.45.
Cardinal Well being Inventory Efficiency
Shares of NYSE:CAH traded up $0.06 throughout mid-day buying and selling on Monday, hitting $79.34. 2,427,959 shares of the corporate traded palms, in comparison with its common quantity of two,896,509. The agency has a market cap of $20.80 billion, a P/E ratio of 12.96, a PEG ratio of 1.32 and a beta of 0.81. Cardinal Well being has a 52-week low of $48.41 and a 52-week excessive of $81.57. The agency’s 50 day easy shifting common is $76.38 and its 200 day easy shifting common is $66.66.
Cardinal Well being (NYSE:CAH – Get Rating) final introduced its earnings outcomes on Friday, November 4th. The corporate reported $1.20 EPS for the quarter, beating the consensus estimate of $0.96 by $0.24. Cardinal Well being had a unfavorable return on fairness of 252.82% and a unfavorable web margin of 0.59%. The enterprise had income of $49.60 billion for the quarter, in comparison with the consensus estimate of $46.88 billion. Equities analysis analysts anticipate that Cardinal Well being will put up 5.27 EPS for the present fiscal yr.
Insider Exercise at Cardinal Well being
In associated information, insider Ola M. Snow bought 19,590 shares of the enterprise’s inventory in a transaction that occurred on Monday, November seventh. The inventory was bought at a mean worth of $78.87, for a complete transaction of $1,545,063.30. Following the completion of the transaction, the insider now owns 31,187 shares within the firm, valued at roughly $2,459,718.69. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which is offered at the SEC website. Insiders personal 0.17% of the corporate’s inventory.
Institutional Inflows and Outflows
Institutional buyers have not too long ago added to or decreased their stakes within the enterprise. BOK Monetary Non-public Wealth Inc. acquired a brand new place in Cardinal Well being in the course of the third quarter price $28,000. LS Funding Advisors LLC acquired a brand new stake in shares of Cardinal Well being within the second quarter valued at $27,000. Capital Advisors Ltd. LLC lifted its holdings in shares of Cardinal Well being by 29.5% within the third quarter. Capital Advisors Ltd. LLC now owns 589 shares of the corporate’s inventory valued at $39,000 after shopping for a further 134 shares in the course of the interval. CX Institutional acquired a brand new stake in shares of Cardinal Well being within the second quarter valued at $33,000. Lastly, EverSource Wealth Advisors LLC lifted its holdings in shares of Cardinal Well being by 422.0% within the third quarter. EverSource Wealth Advisors LLC now owns 642 shares of the corporate’s inventory valued at $43,000 after shopping for a further 519 shares in the course of the interval. Institutional buyers and hedge funds personal 85.07% of the corporate’s inventory.
Cardinal Well being Firm Profile
Cardinal Well being, Inc operates as an built-in healthcare providers and merchandise firm in the USA, Canada, Europe, Asia, and internationally. It offers custom-made options for hospitals, healthcare techniques, pharmacies, ambulatory surgical procedure facilities, scientific laboratories, doctor workplaces, and sufferers within the residence.
Additional Studying
This instantaneous information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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