Economy

Cardinal Health Inc (CAH) Downgraded by William Blair to "Market Perform"

The stock rose 0.71% or $0.33 reaching $46.03 per share. With 1.90 million shares average volume, it will take short sellers 4 days to cover their CAH's short positions. ConocoPhillips (NYSE:COP) has risen 9.50% since September 22, 2016 and is uptrending. It has underperformed by 47.88% the S&P500. Shares of Cardinal Health, Inc. are now valued at $66.66 with a furture target price of $73.45 according to research brokerages. The Huntington National Bank holds 98,388 shares with $7.67M value, down from 108,568 last quarter. Whittier Trust Co who had been investing in Cardinal Health Inc Com for a number of months, seems to be less bullish one the $21.04 billion market cap company. The stock increased 0.51% or $0.2 on September 25, reaching $39.25. About 956,185 shares traded.

The Return on Invested Capital (aka ROIC) for Cardinal Health, Inc. It has underperformed by 21.65% the S&P500.

The stock of Cardinal Health Incorporated (NYSE:CAH) registered an increase of 4.36% in short interest. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.07. CAH's profit will be $318.33 million for 16.50 P/E if the $1.01 EPS becomes a reality. After $0.50 actual EPS reported by Capital Bank Financial Corp for the previous quarter, Wall Street now forecasts -2.00% negative EPS growth.

Investors sentiment increased to 1.02 in 2017 Q2. Its up 0.03, from 0.84 in 2017Q1.

A number of other institutional investors have also added to or reduced their stakes in CAH. Hedge funds have recently made changes to their positions in the company. 273.65 million shares or 1.23% more from 270.34 million shares in 2017Q1 were reported. The Price Index 12m for CNQC International Holdings Limited (SEHK:1240) is 0.86087. 150,255 are held by Burney. Cardinal Cap Management invested in 0.05% or 6,500 shares. BNP Paribas Arbitrage SA now owns 444,674 shares of the company's stock valued at $36,263,000 after acquiring an additional 254,204 shares during the last quarter. Parsec Fin Mgmt reported 223,423 shares. Oakworth Cap stated it has 862 shares or 0.02% of all its holdings. Edmond DE Rothschild Holding S.A. increased its stake in shares of Cardinal Health by 0.9% in the first quarter.

Mariner Investment Group Llc holds 0.16% of its portfolio in BlackRock Muni New York Intr. Dur. Employees Retirement Systems Of Texas accumulated 92,400 shares. Sun Life Fincl holds 0.02% or 2,286 shares in its portfolio. Hightower Ltd owns 51,618 shares.

Since May 12, 2017, it had 0 insider purchases, and 1 insider sale for $1.70 million activity. On Friday, May 12 the insider Giacomin Jon L sold $1.70 million. Vanguard (Prn) (VNQ) was raised too. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company's stock. Therefore 22% are positive. Advisory Research Inc. boosted its position in shares of Cardinal Health by 61.8% in the fourth quarter. The stock has "Market Perform" rating by Raymond James on Wednesday, January 6. Announces Partnership With Cardinal Health, Inc." published on September 19, 2017 as well as Fool.com's news article titled: "Dividend stats on Cardinal Health" with publication date: "September 15, 2017. (NYSE:AYI) on Wednesday, August 16 with "Buy" rating. Cardinal Health's payout ratio is now 45.79%. The firm earned "Buy" rating on Thursday, July 13 by Credit Suisse. Parkside Comml Bank reported 110 shares. The company was upgraded on Thursday, April 6 by Evercore. RBC Capital Markets maintained the shares of CAH in report on Tuesday, November 3 with "Outperform" rating.

Ngam Advisors Lp decreased Prosperity Bancshares (NYSE:PB) stake by 45,689 shares to 148,287 valued at $9.53 million in 2017Q2.

Among 26 analysts covering Noble Energy Inc. Therefore 58% are positive. Zacks Investment Research lowered shares of Cardinal Health from a "hold" rating to a "sell" rating in a research report on Tuesday, July 4th. Tigress Financial initiated the shares of CAH in report on Friday, April 28 with "Neutral" rating. The firm earned "Overweight" rating on Thursday, October 22 by Barclays Capital. The rating was upgraded by UBS to "Buy" on Thursday, March 30. Parnassus Investments CA now owns 370,500 shares of the company's stock worth $28,788,000 after buying an additional 13,000 shares during the period. FBR Capital has "Outperform" rating and $42 target. William Blair maintained the stock with "Buy" rating in Wednesday, August 26 report. (NYSE:AYI) has "Sell" rating given on Tuesday, June 27 by Roth Capital. The stock of ConocoPhillips (NYSE:COP) earned "Sector Perform" rating by Howard Weil on Friday, February 5. Cardinal Health's quarterly revenue was up 5.0% compared to the same quarter past year. Fort Washington Investment Advsrs Oh reported 53,815 shares stake.

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