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Cardinal Health, Inc.: Update to credit analysis following change of o...

Our credit view of this issuer reflects its modest financial leverage and its solid cash flow even after consideration of opioid settlement payments, against its very low margins.

Moody's affirms Cardinal Health's Baa2 senior unsecured rating, outloo...

Moody's Ratings (Moody's) affirmed Cardinal Health, Inc.'s ("Cardinal") Baa2 senior unsecured ratings and Prime-2 commercial paper rating. At the same time Moody's affirmed the Baa2 backed senior unsecured rating of Allegiance Corporation. The outlook was changed to positive from stable. The revis...

Moody's assigns Baa2 rating to Cardinal Health's new senior notes

Moody's Investors Service ("Moody's")  assigned a Baa2 rating to Cardinal Health, Inc.'s ("Cardinal") new senior unsecured notes. There are no changes to the company's existing Baa2 senior unsecured ratings and Prime-2 commercial paper rating. The outlook remains stable. Moody's expects that Cardi...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Major Base Supports Holding Following last week's pullback, a consistent theme we are seeing is that many broad market indexes and Sector ETFs are holding above (and bouncing at) major base supports. As long as these base supports continue to hold, it tells us this is likely just a normal pullback within the overall bullish trend. Important supports that we need to see hold in order to remain bullish include 4600 on the S&P 500 and 14,400 on the Nasdaq Composite. Pullbacks to Base Supports. Br...

Cardinal Health Inc: 1 director

A director at Cardinal Health Inc sold after exercising options/sold 36,642 shares at 106.310USD and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's direct...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Russell 2000 With Bullish Breadth Divergences Our expectations since late September remain unchanged; equities are not yet out of the woods, but as long as the S&P 500 is above 4165-4200 and the 200-day MA, we are bullish, as most signs point to this being a normal pullback within the ongoing bullish trend in SPX. As discussed in last week's Compass (10/11/23), we have growing confidence that the lows are likely in on the SPX, which made a low at 4216 (with 4200 hit exactly overnight 10/4/23). ...

Cardinal Health, Inc.: Update to credit analysis

Our credit view of Cardinal reflects its large scale and material free cash flow generation, offset by its very low margins, and moderate financial leverage.

Valens Research
  • Valens Research

Valens Equity Insights and Inflections - 2022 04 05

United Rentals (URI) has consolidated its way to the top spot in the equipment rental industry about to benefit from strong macro tailwinds. Uniform Accounting shows how profitable the business is, and it shows that the market's expectations are far too bearish. That makes United Rentals a compelling buy. United Rentals has acquired its way to a 15% market share in the equipment rentals industry. After expanding into specialty rentals, it has consistently generated 12%-15% Uniform ROA while con...

Valens Research
  • Valens Research

CAH - Embedded Expectations Analysis - 2022 04 01

Cardinal Health, Inc. (CAH) currently trades below corporate but near historical averages relative to Uniform earnings, with a 17.4x Uniform P/E (Fwd. V/E'). At these levels, markets are pricing in expectations for Uniform ROA to compress to 5%, accompanied by 3% Uniform asset growth. Meanwhile, analysts expect Uniform ROA to decline to 7% in 2023, accompanied by 6% Uniform asset growth. If sustained going forward, these levels would imply a stock price closer to $100, representing significan...

Cardinal Health, Inc.: Update following revision of outlook to stable ...

Our credit view of this issuer reflects its solid cash flow and its willingness to accelerate debt repayment to improve credit metrics, constrained by its very low margins.

Moody's affirms Cardinal Health's Baa2 senior unsecured rating, outloo...

Rating Action: Moody's affirms Cardinal Health's Baa2 senior unsecured rating, outlook revised to stable from negative. Global Credit Research- 15 Mar 2022. New York, March 15, 2022-- Moody's Investors Service affirmed Cardinal Health, Inc.' s senior unsecured rating at Baa2 and its commercial paper rating at P-2.

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