Cardinal Health Inc (NYSE:CAH) Institutional Investors Q3 2017 Sentiment

January 13, 2018 - By Hazel Jackson

 Cardinal Health Inc (NYSE:CAH) Institutional Investors  Q3 2017 Sentiment

Sentiment for Cardinal Health Inc (NYSE:CAH)

Cardinal Health Inc (NYSE:CAH) institutional sentiment increased to 0.9 in Q3 2017. Its up 0.03, from 0.87 in 2017Q2. The ratio is more positive, as 262 hedge funds increased or started new positions, while 292 sold and decreased their holdings in Cardinal Health Inc. The hedge funds in our partner’s database now hold: 275.05 million shares, up from 273.65 million shares in 2017Q2. Also, the number of hedge funds holding Cardinal Health Inc in their top 10 positions was flat from 5 to 5 for the same number . Sold All: 63 Reduced: 229 Increased: 198 New Position: 64.

Cardinal Health, Inc. operates as an integrated healthcare services and products firm worldwide. The company has market cap of $22.49 billion. The companyÂ’s Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare, and consumer products to retailers, hospitals, and other healthcare providers. It has a 20.83 P/E ratio. It offers distribution, inventory management, data reporting, new product launch support, and chargeback administration services to pharmaceutical manufacturers; pharmacy and medication therapy management, and patient outcomes services to hospitals, other healthcare providers, and payers; and consulting, patient support, and other services to pharmaceutical manufacturers and healthcare providers.

The stock increased 3.44% or $2.38 during the last trading session, reaching $71.49. About 4.05M shares traded or 12.63% up from the average. Cardinal Health, Inc. (NYSE:CAH) has declined 4.95% since January 13, 2017 and is downtrending. It has underperformed by 21.65% the S&P500.

Analysts await Cardinal Health, Inc. (NYSE:CAH) to report earnings on February, 6. They expect $1.14 earnings per share, down 14.93 % or $0.20 from last year’s $1.34 per share. CAH’s profit will be $358.65M for 15.68 P/E if the $1.14 EPS becomes a reality. After $1.09 actual earnings per share reported by Cardinal Health, Inc. for the previous quarter, Wall Street now forecasts 4.59 % EPS growth.

Mcdonald Capital Investors Inc Ca holds 4.14% of its portfolio in Cardinal Health, Inc. for 724,760 shares. Rr Partners Lp owns 770,100 shares or 3.53% of their US portfolio. Moreover, Covenant Multifamily Offices Llc has 2.87% invested in the company for 64,222 shares. The Alabama-based Vulcan Value Partners Llc has invested 2.65% in the stock. Loudon Investment Management Llc, a New Hampshire-based fund reported 50,172 shares.#img1#

Cardinal Health, Inc. (NYSE:CAH) Ratings Coverage

Ratings analysis reveals 20% of Cardinal Health’s analysts are positive. Out of 20 Wall Street analysts rating Cardinal Health, 4 give it “Buy”, 1 “Sell” rating, while 15 recommend “Hold”. The lowest target is $64 while the high is $107. The stock’s average target of $78.69 is 10.07% above today’s ($71.49) share price. CAH was included in 44 notes of analysts from August 10, 2015. The firm has “Outperform” rating by FBR Capital given on Tuesday, November 3. Raymond James downgraded Cardinal Health, Inc. (NYSE:CAH) on Wednesday, January 6 to “Market Perform” rating. Jefferies maintained it with “Hold” rating and $67 target in Tuesday, November 7 report. The firm has “Buy” rating given on Thursday, July 13 by Credit Suisse. On Tuesday, November 3 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was maintained by Needham with “Hold” on Friday, September 8. Credit Suisse maintained Cardinal Health, Inc. (NYSE:CAH) rating on Thursday, August 3. Credit Suisse has “Buy” rating and $8100 target. The stock of Cardinal Health, Inc. (NYSE:CAH) earned “Conviction Buy” rating by Goldman Sachs on Monday, March 7. The company was maintained on Tuesday, October 3 by Jefferies. The company was downgraded on Wednesday, April 19 by William Blair.

More notable recent Cardinal Health, Inc. (NYSE:CAH) news were published by: Seekingalpha.com which released: “Cardinal Health: Worth A Look For Dividend Investors With A Longer-Term Time …” on December 16, 2017, also Nasdaq.com with their article: “Ex-Dividend Reminder: Cardinal Health, CubeSmart and Ventas” published on December 27, 2017, Nasdaq.com published: “Cardinal Health, Inc. (CAH) Ex-Dividend Date Scheduled for December 29, 2017” on December 28, 2017. More interesting news about Cardinal Health, Inc. (NYSE:CAH) were released by: Bizjournals.com and their article: “Cardinal Health’s CEO isn’t that worried about competition from Amazon – here …” published on January 09, 2018 as well as Prnewswire.com‘s news article titled: “Cardinal Health to Webcast Discussion of Second-Quarter Results for Fiscal …” with publication date: January 12, 2018.

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