Cardinal Health Reaches New 52-Week High (CAH)

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) -- Cardinal Health (NYSE: CAH) hit a new 52-week high Tuesday as it is currently trading at $48.53, above its previous 52-week high of $48.43 with 564,820 shares traded as of 10:20 a.m. ET. Average volume has been 3.7 million shares over the past 30 days.

Cardinal Health has a market cap of $16.35 billion and is part of the services sector and wholesale industry. Shares are up 16.1% year to date as of the close of trading on Monday.

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. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cardinal Health as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Cardinal Health Ratings Report.

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