It’s Again Time To Consider Fiserv, Inc. (FISV), Cardinal Health, Inc. (CAH) – The RNS Daily

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FISV trading volume has lost -22064 shares compared to readings over the past three months as it recently exchanged 5757936 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 5780000 shares, and this is 1 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 46.5 point.

Fiserv, Inc. (NASDAQ:FISV) climbed by 16.46% over the past three months which led to its overall six-month increase to stand at 12.06%. The equity price sank -3.96% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 0.94% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 21.58% and is now up by 17.43% since start of this year.

The shares of Fiserv, Inc. dropped by -5.36% or -$4.89 from its last recorded high of $91.19 which it attained on March 04 to close at $86.3 per share. Over the past 52 weeks, the shares of Fiserv, Inc. has been trading as low as $68.43 before witnessing a massive surge by 26.11% or $17.87. This price movement has led to the FISV stock receiving more attention and has become one to watch out for. It jumped by 0.89% on Sunday and this got the market excited. The stock’s beta now stands at 0.83 and when compared to its 200-day moving average and its 50-day moving average, FISV price stands 8.26% above and 0.49% above respectively. Its average daily volatility for this week is 1.86% which is more than the 1.69% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Fiserv, Inc. (FISV) with most of them predicting a $91.86 price target on a short-term (12 months) basis. The average price target by the analysts will see a 6.44% rise in the stock and would lead to FISV’s market cap to surge to $36.09B. The stock has been rated an average 1.8, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 19 analysts that track Fiserv, Inc. (NASDAQ:FISV) and find out that 6 of them rated it as a Hold. 13 of the 13 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Cardinal Health, Inc. (NYSE:CAH) currently stands at $46.79 after it went up by $0.41 or 0.88% and has found a strong support at $46.43 a share. If the CAH price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $46.06 mark would also be bad for the stock as it means that the stock would plunge by 1.56% from its current position. However, if the stock price is able to trade above the resistance point around $47.23, then it could likely surge higher to try and break the upward resistance which stands at $47.66 a share. Its average daily volatility over the past one month stands at 2.24%. The stock has plunged by 0.62% from its 52-weeks high of $46.5 which it reached on Feb. 05, 2018. In general, it is 9.87% above its 52-weeks lowest point which stands at $42.17 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Cardinal Health, Inc. (CAH) for 1 year and it stands at an average $53.87/share. This means that it would likely increase by 15.13% from its current position. The current price of the stock has been moving between $46.5 and $47.3. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $45. On the other hand, one analyst is super bullish about the price, setting a target as high as $60.

The CAH stock Stochastic Oscillator (%D) is at 26.81%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.1 which compares to the 1.33 recorded by the industry or the 5.82 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 8.71, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -32.5% over the past five years.

Analysts view Cardinal Health, Inc. (NYSE:CAH) as a Hold, with 2.9 consensus rating. Reuters surveyed 18 analysts that follow CAH and found that 13 of those analysts rated the stock as a Hold. The remaining 5 were divided, with 2 analyst rating it as a Buy or a Strong Buy while 3 analysts advised investors to desist from buying Cardinal Health, Inc. (CAH) shares or sell it if they already own it.

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