Cardinal Health (CAH) Leads The Pack In Pre-Market Activity

Trade-Ideas LLC identified Cardinal Health (CAH) as a pre-market leader candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Cardinal Health

(

CAH

) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Cardinal Health as such a stock due to the following factors:

  • CAH has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $210.7 million.
  • CAH traded 10,023 shares today in the pre-market hours as of 8:59 AM.
  • CAH is up 4.6% today from yesterday's close.

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More details on CAH:

Cardinal Health, Inc. operates as a healthcare services and products company worldwide. The company operates in two segments, Pharmaceutical and Medical. The stock currently has a dividend yield of 1.9%. CAH has a PE ratio of 23. Currently there are 10 analysts that rate Cardinal Health a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Cardinal Health has been 2.5 million shares per day over the past 30 days. Cardinal Health has a market cap of $27.0 billion and is part of the services sector and wholesale industry. The stock has a beta of 0.69 and a short float of 2.2% with 2.65 days to cover. Shares are up 2.8% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Cardinal Health as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 8.3%. Since the same quarter one year prior, revenues rose by 20.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • CARDINAL HEALTH INC has improved earnings per share by 29.4% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CARDINAL HEALTH INC increased its bottom line by earning $3.61 versus $3.37 in the prior year. This year, the market expects an improvement in earnings ($5.00 versus $3.61).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Health Care Providers & Services industry average. The net income increased by 26.1% when compared to the same quarter one year prior, rising from $234.00 million to $295.00 million.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Health Care Providers & Services industry and the overall market, CARDINAL HEALTH INC's return on equity exceeds that of both the industry average and the S&P 500.
  • Net operating cash flow has increased to $868.00 million or 21.22% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -3.80%.

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