Home / Street Sector / Active Movers in Hot Line: Cardinal Health (NYSE:CAH), Cognizant Technology Solutions (NASDAQ:CTSH)

Active Movers in Hot Line: Cardinal Health (NYSE:CAH), Cognizant Technology Solutions (NASDAQ:CTSH)

Cardinal Health, Inc. (NYSE:CAH) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.76% to close at $68.69 with the total traded volume of 7.38 Million shares. Healthcare services firm Cardinal Health (CAH) stated it has adjusted fiscal 2017 eps guidance. Based on first-quarter results and second-quarter expectations, the firm slightly lowered its fiscal year 2017 guidance range for adjusted eps from continuing operations to $5.40 to $5.60 from previous estimate of $5.48 to $5.73.

The outlook represents a growth of about 3 to 7 percent from the previous year. On average, 20 analysts polled by Thomson Reuters expect earnings of $5.59 per share for the year. Analysts’ anticipates typically exclude special items. The firm has institutional ownership of 88.90%, while insider ownership included 0.30%. Its price to sales ratio ended at 0.18. CAH attains analyst recommendation of 2.30 with week performance of -9.15%.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) [Trend Analysis] moved down reacts as active mover, shares a loss -0.43% to traded at $51.35 and the percentage gap among open changing to regular change was 0.64%. Cognizant (CTSH) reported that it has been selected by Centrica (CPYYY) as a strategic partner to deliver end-to-end digital assurance as-a-service across Centrica’s technology landscape and enhance the efficiency, reliability and user experience of Centrica’s web and digital applications and smart devices. The firm’s current ratio calculated as 3.70 for the most recent quarter. The firm past twelve months price to sales ratio was 2.39 and price to cash ratio remained 6.92. As far as the returns are concern, the return on equity was recorded as 16.10% and return on investment was 15.20% while its return on asset stayed at 11.80%. The firm has total debt to equity ratio measured as 0.09.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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