CareFusion Reaches New 52-Week High (CFN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- CareFusion (NYSE: CFN) hit a new 52-week high Friday as it is currently trading at $27.32, above its previous 52-week high of $27.29 with 479,155 shares traded as of 10:30 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

CareFusion has a market cap of $5.87 billion and is part of the health care sector and health services industry. Shares are up 5.4% year to date as of the close of trading on Thursday.

CareFusion Corporation, a medical technology company, provides various healthcare products and services in the United States and internationally. It operates in two segments, Critical Care Technologies, and Medical Technologies and Services. The company has a P/E ratio of 16, below the average health services industry P/E ratio of 19.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CareFusion as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. You can view the full CareFusion Ratings Report.

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