Are Cardinal Health (NYSE:CAH) Shares Worth Your Time and Dime Following Recent Goldman Upgrade?

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Cardinal Health (NYSE:CAH) Stock Upgrade

Stock research analysts at the Goldman equities research division lifted shares of Cardinal Health (NYSE:CAH) from a Neutral to a Buy on Thursday morning.

From a total of 16 analysts covering Cardinal Health (NYSE:CAH) stock, 13 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 68% of the ratings are positive. The highest target price is $110 while the lowest target price is $89.5. The mean of all analyst targets is $98.47 with a 12.21% above today’s ($88.38) stock price. Cardinal Health was the topic of 8 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on November 3 with “Buy” rating. FBR Capital maintained CAH stock in a recent report from November 3 with “Outperform” rating. Finally, Zacks downgraded the stock to “Buy” rating in a report issued on an August 10.

Approximately 740,282 shares of stock traded hands. Cardinal Health Inc (NYSE:CAH) has risen 0.25% since May 14, 2015 and is uptrending. It has outperformed by 2.51% the S&P500.

The overall sentiment of institutions has decreased to 1.05 in Q2 2015. Its down 0.13, from 1.18 in 2015Q2. The ratio dropped, as 64 institutions have sold all the shares of Cardinal Health Inc that they owned while 254 funds have taken shares off the table. 64 funds have purchased shares for the first time while 270 added to their positions. These institutions now hold 293.16 million shares or 3.94% more than the 282.04 million shares they owned in 2015Q2.

The Fund Dsc Advisors L.P. currently is holding shares equating to 6.72% of its total portfolio in Cardinal Health Inc representing a total of 180,218 shares. Another fund,Mcdonald Capital Investors Inc Ca, is holding a total of 708,561 shares equating to 5.85% of their holdings. Additionally, Rr Partners Lp has a 1.52 million share stake in Cardinal Health Inc which represents 5.02% of their total portfolio. The Fund, Sio Capital Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 5% of their total portfolio. Finally Sector Gamma As, a fund which is based in the state of Norway reported a total holdings of 227,900 shares.

Insider activity is a very important aspect to track on any stock. Going back to May 12, 2015, shareholders of Cardinal Health Inc have witnessed 0 buys, and a total of 1 sale equating to a net activity of approximately $24.92 million . Barrett George S sold 300,000 shares worth approximately $24.92 million. Stephen Falk T sold 39,428 shares worth approximately $3.40M. Morrison Patricia sold 36,042 shares worth approximately $3.11 million.

Cardinal Health, Inc. is a healthcare services and products company. The company has a market cap of $28.98 billion. The Firm operates in two divisions: Pharmaceutical and Medical. It has 22.12 P/E ratio. The Firm also provides medical products to patients in the home.

According to Zacks Investment Research, “Cardinal Health, Inc. is one of the leading providers of products and services to healthcare providers and manufacturers to help them improve the efficiency and quality of healthcare. These services and products include Pharmaceutical Distribution and Provider Services, Medical-Surgical Products and Services, Pharmaceutical Technologies and Services and Automation and Information Services.”

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