Cardinal Health Inc. (NYSE: CAH) is another top name in the health care sector. The drug wholesaler’s board authorized an additional $1 billion in stock repurchases in the first quarter of this year. The new authorization is in addition to the company’s existing stock repurchase plan, which has $350 million remaining. The company is projected to grow earnings by 10.4% to $4.07 in 2015. For 2016, Cardinal is projected to increase earnings by 11.3% to $4.53. Investors receive a 2% dividend. The consensus price target is $77.35. Cardinal closed Wednesday at $68.78.
Read more: An Obamacare Boost for Walgreen, Rite Aid and Others - 24/7 Wall St. http://247wallst.com/healthcare-business/2014/06/19/the-affordable-care-act-is-working-big-for-these-six-companies/#ixzz355mhJyBH
Cardinal Health Is Benefiting From Obamacare
Cardinal Health Inc. (NYSE: CAH) is another top name in the health care sector. The drug wholesaler’s board authorized an additional $1 billion in stock repurchases in the first quarter of this year. The new authorization is in addition to the company’s existing stock repurchase plan, which has
Disclaimer:
None.
Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.
Comments
Log in or sign up to join the conversation.