Economy

Analyst at Needham Maintained Cardinal Health (NYSE:CAH)Stock Rating as a 'Hold'

The ex-dividend date of this dividend is Friday, September 29th. About shares traded. Textron Inc.

04/19/2017 - Cardinal Health, Inc. had its "overweight" rating reiterated by analysts at Barclays. Cardinal Health, Inc. has a 52-week low of $62.70 and a 52-week high of $84.88. (CAH) stake by 9.6% reported in 2016Q4 SEC filing. Janney Montgomery Scott LLC lifted its position in Cardinal Health by 40.2% in the 2nd quarter. (CAH)'s stock declined 8.93%. The fund owned 651,600 shares of the company's stock after acquiring an additional 861 shares during the period. Murphy Management Inc holds 3,168 shares. The stock decreased 0.42% or $0.29 during the last trading session, reaching $69.44. Ameritas Inv Prtn Inc stated it has 0.05% in Cardinal Health Inc (NYSE:CAH). It has underperformed by 21.65% the S&P500. This segment also operates nuclear pharmacies and cyclotron facilities; provides pharmacy management services to hospitals, as well as medication therapy management and patient outcomes services to hospitals, other healthcare providers and payers, and provides services to healthcare companies. Barrow Hanley Mewhinney & Strauss Llc who had been investing in Cardinal Health Inc for a number of months, seems to be bullish on the $21.97B market cap company. The Firm operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial and Finance. It has a 17.15 P/E ratio. The Textron Aviation segment is engaged in general aviation.

Among 18 analysts covering Cardinal Health (NYSE:CAH), 5 have Buy rating, 0 Sell and 13 Hold. Therefore 60% are positive. Phillips 66 had 45 analyst reports since August 4, 2015 according to SRatingsIntel. Robert W. Baird maintained the stock with "Buy" rating in Thursday, September 7 report. The stock of Textron Inc. Credit Suisse maintained it with "Outperform" rating and $85 target in Tuesday, January 26 report. Zacks Investment Research cut shares of Cardinal Health from a "hold" rating to a "sell" rating in a research report on Friday, February 10th. (NYSE:TXT) rating on Wednesday, September 9. Cowen & Co has "Outperform" rating and $52 target. As per Tuesday, November 3, the company rating was maintained by FBR Capital.

Investors sentiment decreased to 0.84 in Q4 2016. Its up 0.03, from 0.82 in 2016Q3. It worsened, as 34 investors sold Textron Inc. shares while 129 reduced holdings. 68 funds opened positions while 108 raised stakes. Essex Fincl Service reported 25,095 shares stake. City Company holds 24,239 shares. 156,600 are held by Allianz Asset Mgmt Ag. Loring Wolcott Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma invested in 0% or 1,376 shares. Suntrust Banks, Georgia-based fund reported 73,252 shares. Cibc Markets Incorporated accumulated 12,023 shares. Blackrock Group accumulated 1.87 million shares. Tower Research Cap Limited Liability Corporation (Trc) has 0.02% invested in Arrow Electronics, Inc. (NYSE:ARW) or 3,600 shares. 9,000 are held by Salient Capital Ltd Llc. Hallmark Capital Mngmt Inc invested in 7,630 shares or 0.09% of the stock. Pennsylvania owns 0.05% invested in Phillips 66 (NYSE:PSX) for 7,414 shares. (NYSE:TXT) for 411,047 shares. Sei Invs invested in 0.03% or 115,973 shares. New Mexico Educational Retirement Board invested in 0.06% or 28,807 shares.

On a similar note, analysts expect EPS of $1.01 in September 2017 quarter and $1.17 in December 2017 quarter, representing -18.55% and -12.69% growth, respectively. Zech Gretchen had sold 9,781 shares worth $756,463. 2,498,960 shares of the company were exchanged. Priceline Group Inc. (NASDAQ:PCLN) was raised too. Vetr downgraded Cardinal Health from a "buy" rating to a "hold" rating and set a $77.92 price objective for the company.in a research note on Thursday, June 1st. Therefore 28% are positive. Equities research analysts forecast that Cardinal Health, Inc. will post $4.96 EPS for the current year. The rating was upgraded by CLSA on Wednesday, July 29 to "Buy". The firm has "Hold" rating by Leerink Swann given on Monday, April 24. The rating was initiated by Tigress Financial with "Neutral" on Friday, April 28. They now have a Dollars 77 price target on the stock.

12/21/2016 - Cardinal Health, Inc. was downgraded to "market perform" by analysts at Leerink Swann. Its down 0.02, from 0.94 in 2016Q3.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Cardinal Health, Inc. 93 funds opened positions while 316 raised stakes. 272.06 million shares or 2.54% more from 265.31 million shares in 2016Q3 were reported. It also reduced Ishares Comex Gold Trust (IAU) stake by 77,500 shares and now owns 226,369 shares.

The share price of the company (NYSE:CAH) was down -0.42%, with a high of 69.79 during the day and the volume of Cardinal Health, Inc. shares traded was 2049675. The original version of this article can be viewed at https://www.truebluetribune.com/2017/09/13/wells-fargo-company-mn-cuts-position-in-cardinal-health-inc-cah.html. 119,413 are owned by Leuthold Gp Ltd Com.

Cardinal Health, Inc. had its "neutral" rating reiterated by analysts at UBS. Ferguson Wellman Incorporated holds 57,272 shares or 0.17% of its portfolio. The stock of Cardinal Health Inc (NYSE:CAH) earned "Market Perform" rating by Raymond James on Wednesday, January 6. Dnb Asset As reported 30,983 shares. Nordea Mgmt Ab has 0.33% invested in Cardinal Health Inc (NYSE:CAH). Alpha Windward LLC now owns 2,133 shares of the company's stock valued at $166,000 after buying an additional 16 shares during the period. Piedmont Inv Advsr Ltd Liability Com owns 80,386 shares for 0% of their portfolio.



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