Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Cardinal Health fell $0.94 (-1.4%) to $68.02 on average volume. Throughout the day, 2,463,241 shares of Cardinal Health exchanged hands as compared to its average daily volume of 2,838,000 shares. The stock ranged in price between $67.47-$68.54 after having opened the day at $68.05 as compared to the previous trading day's close of $68.96. Other companies within the Wholesale industry that declined today were:
), down 6.0%,
), down 4.0%,
), down 3.2% and
), down 3.1%.
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Cardinal Health, Inc., a healthcare services company, provides pharmaceutical and medical products and services in the United States and internationally. The company operates in two segments, Pharmaceutical and Medical. Cardinal Health has a market cap of $22.7 billion and is part of the services sector. The company has a P/E ratio of 56.3, above the S&P 500 P/E ratio of 17.7. Shares are up 3.2% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Cardinal Health a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Cardinal Health Ratings Report.
On the positive front,
), up 9.8%,
), up 4.4%,
), up 4.0% and
), up 3.9%.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider
) while those bearish on the wholesale industry could consider
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