Jefferies Group LLC Lowers Target Price On Cardinal Health (CAH)

Lloyd Doyle
November 15, 2017

1St Source Bank sold 5,354 shares as the company's stock declined 8.93% while stock markets rallied. Kbc Group Nv has invested 0.04% of its portfolio in Cardinal Health Inc (NYSE:CAH). Cooke & Bieler Lp who had been investing in Cardinal Health for a number of months, seems to be bullish on the $18.36B market cap company. The first sale was made at $58.6 but later the stock became weaker, and closed with a fall of -0.38%. Cardinal Health, Inc. has 326.04 million shares outstanding, and in the last trade has seen ATR around 1.76. It has underperformed by 21.65% the S&P500. The Axa holds 6,000 shares with $467,000 value, down from 11,400 last quarter. RMB Capital Management LLC boosted its holdings in Cardinal Health by 5.9% during the 1st quarter. About 348,223 shares traded. It is down 0.00% since November 12, 2016 and is. It has underperformed by 21.65% the S&P500. Dimensional Fund Advisors LP boosted its holdings in Cardinal Health by 3.4% during the 1st quarter.

Investors sentiment increased to 0.87 in Q2 2017. Its up 0.03, from 0.84 in 2017Q1. 62 funds opened positions while 202 raised stakes. Fox Run Management L.L.C. acquired a new position in shares of Cardinal Health in the 2nd quarter worth approximately $234,000. Livforsakringsbolaget Skandia Omsesidigt holds 0.41% or 57,399 shares. Howe & Rusling invested in 121 shares. BlackRock Inc. now owns 22,843,418 shares of the company's stock valued at $1,779,958,000 after purchasing an additional 1,398,496 shares during the period. Cardinal Health Inc (NYSE:CAH) has declined 4.95% since November 14, 2016 and is downtrending. Eqis Capital Management Inc stated it has 0.05% in Cardinal Health Inc (NYSE:CAH). Neuberger Berman Gp Limited Company invested in 807,110 shares.

Mcdonald Capital Investors Inc increased Cardinal Health Inc (CAH) stake by 0.59% reported in 2017Q2 SEC filing. Rr Partners Lp owns 955,200 shares or 4.25% of their USA portfolio. First Midwest Fincl Bank Tru Division has 5,156 shares. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.09. CAH exchanged 4.14 million shares in recent session versus to the average volume of 2.61 million shares while its relative volume is 1.68. Moreover, Baupost Ma has 1.81% invested in Cardinal Health Inc (NYSE:CAH) for 2.03M shares.

Ratings analysis reveals 0 of Cardinal Health's analysts are positive. Therefore 28% are positive. Transat had 27 analyst reports since December 11, 2015 according to SRatingsIntel. UBS maintained the shares of CAH in report on Tuesday, November 3 with "Buy" rating. The firm earned "Hold" rating on Friday, June 10 by TD Securities.


In other Cardinal Health news, CEO George S. Barrett sold 129,818 shares of the firm's stock in a transaction that occurred on Tuesday, August 9th. The firm has "Neutral" rating given on Tuesday, January 3 by Mizuho. On October 12, 2017 Jefferies Group LLC maintained a "Hold" rating on the company. Finally, Cowen and Company reaffirmed a market perform rating and set a $77.00 price objective (down from $82.00) on shares of Cardinal Health in a report on Thursday, August 3rd. The rating was downgraded by William Blair on Wednesday, April 19 to "Market Perform". Advantus Management owns 31,847 shares or 0.07% of their USA portfolio.

Among 18 analysts covering Synovus Financial Corp. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock.

According to Zacks, "Over the past year, Cardinal Health has underperformed the broader industry with respect to price". As per Friday, December 16, the company rating was maintained by TD Securities. The rating was maintained by Credit Suisse on Thursday, July 13 with "Buy". The rating was downgraded by IBC to "Sector Underperformer" on Thursday, February 4. The stock of Synovus Financial Corp. The firm earned "Hold" rating on Wednesday, June 21 by Jefferies. The firm has "Market Perform" rating by Raymond James given on Wednesday, April 20. Goldman Sachs upgraded the stock to "Conviction Buy" rating in Monday, March 7 report. Vanguard Group Inc. now owns 23,642,277 shares of the company's stock worth $1,842,205,000 after buying an additional 440,967 shares during the period. It has a 14.87 P/E ratio. Businesswire.com's article titled: "Synovus Announces Pricing of $300 Million Senior Notes Offering" and published on October 25, 2017 is yet another important article.

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