Cardinal Health (CAH) Reaches $56.84 1 Year Low; New York State Common Retirement Fund Trimmed Hardinge (HDNG) Position

November 14, 2017 - By Dolores Ford

The stock of Cardinal Health Inc (NYSE:CAH) hit a new 52-week low and has $52.29 target or 8.00% below today’s $56.84 share price. The 9 months bearish chart indicates high risk for the $17.92 billion company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $52.29 price target is reached, the company will be worth $1.43B less. About 343,319 shares traded. Cardinal Health Inc (NYSE:CAH) has declined 4.95% since November 14, 2016 and is downtrending. It has underperformed by 21.65% the S&P500.

New York State Common Retirement Fund decreased Hardinge Inc (HDNG) stake by 57.11% reported in 2017Q2 SEC filing. New York State Common Retirement Fund sold 51,705 shares as Hardinge Inc (HDNG)’s stock rose 8.55%. The New York State Common Retirement Fund holds 38,835 shares with $482,000 value, down from 90,540 last quarter. Hardinge Inc now has $221.80 million valuation. The stock rose 0.18% or $0.03 reaching $17.13. About 1,468 shares traded. Hardinge Inc. (NASDAQ:HDNG) has risen 8.84% since November 14, 2016 and is uptrending. It has underperformed by 7.86% the S&P500.

Analysts await Cardinal Health Inc (NYSE:CAH) to report earnings on February, 6. They expect $1.14 EPS, down 14.93% or $0.20 from last year’s $1.34 per share. CAH’s profit will be $359.41 million for 12.46 P/E if the $1.14 EPS becomes a reality. After $1.09 actual EPS reported by Cardinal Health Inc for the previous quarter, Wall Street now forecasts 4.59% EPS growth.

Investors sentiment increased to 0.87 in 2017 Q2. Its up 0.03, from 0.84 in 2017Q1. It increased, as 58 investors sold Cardinal Health Inc shares while 247 reduced holdings. 62 funds opened positions while 202 raised stakes. 273.65 million shares or 1.23% more from 270.34 million shares in 2017Q1 were reported. Continental Advsrs Limited Liability Co has 48,800 shares. Exxonmobil Invest Mgmt Tx reported 60,649 shares. Parnassus Invests Ca accumulated 1.18M shares. Cornerstone Advisors Incorporated reported 0.04% stake. Sawgrass Asset Management Limited Co holds 0.02% or 5,390 shares. Aviva Public Ltd, United Kingdom-based fund reported 199,910 shares. Wfg Advsr Limited Partnership owns 487 shares. Vigilant Ltd Llc stated it has 0% of its portfolio in Cardinal Health Inc (NYSE:CAH). Los Angeles Capital Equity reported 568,629 shares stake. Qs Investors Limited Co reported 22,004 shares stake. Afam Capital reported 22,297 shares or 0.22% of all its holdings. Miller Mngmt Ltd Partnership owns 0.73% invested in Cardinal Health Inc (NYSE:CAH) for 26,436 shares. Morgan Stanley invested 0.02% of its portfolio in Cardinal Health Inc (NYSE:CAH). Howe & Rusling Inc holds 0% of its portfolio in Cardinal Health Inc (NYSE:CAH) for 121 shares. State Of Wisconsin Invest Board holds 495,607 shares.

Cardinal Health, Inc. is a healthcare services and products company. The company has market cap of $17.92 billion. The Firm operates through two divisions: Pharmaceutical and Medical. It has a 16.56 P/E ratio. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products.

Among 18 analysts covering Cardinal Health (NYSE:CAH), 5 have Buy rating, 0 Sell and 13 Hold. Therefore 28% are positive. Cardinal Health had 40 analyst reports since August 10, 2015 according to SRatingsIntel. On Wednesday, April 19 the stock rating was downgraded by William Blair to “Market Perform”. Goldman Sachs upgraded Cardinal Health Inc (NYSE:CAH) on Monday, March 7 to “Conviction Buy” rating. As per Friday, April 28, the company rating was initiated by Tigress Financial. Mizuho maintained the shares of CAH in report on Tuesday, October 24 with “Hold” rating. The firm has “Buy” rating by UBS given on Tuesday, November 3. Jefferies maintained the shares of CAH in report on Tuesday, August 29 with “Hold” rating. The stock of Cardinal Health Inc (NYSE:CAH) earned “Buy” rating by Goldman Sachs on Thursday, December 17. The rating was maintained by Jefferies on Tuesday, October 3 with “Hold”. Mizuho downgraded Cardinal Health Inc (NYSE:CAH) rating on Tuesday, January 3. Mizuho has “Neutral” rating and $79 target. On Tuesday, April 4 the stock rating was initiated by Needham with “Hold”.

Investors sentiment increased to 1.28 in 2017 Q2. Its up 0.35, from 0.93 in 2017Q1. It improved, as 3 investors sold HDNG shares while 26 reduced holdings. 15 funds opened positions while 22 raised stakes. 9.22 million shares or 1.72% more from 9.07 million shares in 2017Q1 were reported. Tiaa Cref Management Ltd Liability stated it has 33,137 shares. Alexandria stated it has 3,415 shares or 0.01% of all its holdings. Ameritas Inv Prns accumulated 0% or 911 shares. Group invested 0% of its portfolio in Hardinge Inc. (NASDAQ:HDNG). Grace And White holds 0.68% of its portfolio in Hardinge Inc. (NASDAQ:HDNG) for 250,274 shares. Wells Fargo & Mn has 6,713 shares. Geode Lc owns 80,274 shares for 0% of their portfolio. Acadian Asset Mngmt Llc owns 0.01% invested in Hardinge Inc. (NASDAQ:HDNG) for 189,225 shares. Citigroup holds 0% or 3,516 shares. Millennium Management Ltd Co owns 70,704 shares or 0% of their US portfolio. Morgan Dempsey Cap Management Lc has 68,015 shares. First Trust Advsrs Limited Partnership has 10,312 shares for 0% of their portfolio. Shufro Rose & Company Limited Liability Corporation invested 0.07% in Hardinge Inc. (NASDAQ:HDNG). Pacific Ridge Prtnrs Ltd Com stated it has 1.15% of its portfolio in Hardinge Inc. (NASDAQ:HDNG). 124,141 were accumulated by Rutabaga Cap Mgmt Limited Liability Corporation Ma.

Since May 24, 2017, it had 1 buy, and 1 insider sale for $17,083 activity. Another trade for 5,000 shares valued at $63,376 was bought by Dougherty Charles P. $46,293 worth of stock was sold by SIMONS RICHARD L on Wednesday, May 24.

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