NYSE:CAHCardinal Health Stock Price, Forecast & News

Cardinal Health's stock was trading at $48.65 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CAH shares have increased by 10.6% and is now trading at $53.82.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cardinal Health in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cardinal Health.

Cardinal Health is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Cardinal Health.

Cardinal Health Inc (NYSE:CAH) issued its quarterly earnings data on Thursday, August, 6th. The company reported $1.04 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.91 by $0.13. The business earned $36.70 billion during the quarter, compared to analysts' expectations of $36.82 billion. Cardinal Health had a positive return on equity of 130.94% and a negative net margin of 2.42%. The company's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.11 earnings per share.
View Cardinal Health's earnings history.

Cardinal Health declared a quarterly dividend on Friday, August 7th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.4859 per share on Thursday, October 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, September 30th.
View Cardinal Health's dividend history.

Cardinal Health announced that its Board of Directors has authorized a share repurchase program on Thursday, November 8th 2018, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its stock is undervalued.

Cardinal Health updated its FY21 earnings guidance on Thursday, August, 6th. The company provided EPS guidance of $5.25-5.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.25.

11 Wall Street analysts have issued 1 year price objectives for Cardinal Health's shares. Their forecasts range from $50.00 to $68.00. On average, they expect Cardinal Health's stock price to reach $58.20 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price.
View analysts' price targets for Cardinal Health.

Press coverage about CAH stock has been trending positive this week, InfoTrie reports. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Cardinal Health earned a media sentiment score of 2.7 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future.
View the latest news about Cardinal Health.

Cardinal Health saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 7,200,000 shares, a decrease of 21.9% from the January 31st total of 9,220,000 shares. Based on an average daily trading volume, of 2,540,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.5% of the company's stock are sold short.
View Cardinal Health's Short Interest.

Some companies that are related to Cardinal Health include McKesson (MCK), AmerisourceBergen (ABC), Henry Schein (HSIC), Patterson Companies (PDCO) and Owens & Minor (OMI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Cardinal Health investors own include AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), CVS Health (CVS), Exxon Mobil (XOM), Pfizer (PFE), Becton Dickinson and (BDX), PepsiCo (PEP), Intel (INTC) and Chevron (CVX).

Cardinal Health trades on the New York Stock Exchange (NYSE) under the ticker symbol "CAH."

Cardinal Health's stock is owned by many different retail and institutional investors. Top institutional shareholders include Macquarie Group Ltd. (4.32%), Bank of New York Mellon Corp (2.36%), FMR LLC (2.01%), American International Group Inc. (1.40%), LSV Asset Management (1.06%) and Pzena Investment Management LLC (1.03%). Company insiders that own Cardinal Health stock include Jon L Giacomin and Stuart G Laws.
View institutional ownership trends for Cardinal Health.

CAH stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., FMR LLC, American International Group Inc., ProShare Advisors LLC, Victory Capital Management Inc., Goldman Sachs Group Inc., Envestnet Asset Management Inc., and Brandes Investment Partners LP.
View insider buying and selling activity for Cardinal Health.

CAH stock was acquired by a variety of institutional investors in the last quarter, including AJO LP, PGGM Investments, Wedge Capital Management L L P NC, Prudential PLC, Robeco Institutional Asset Management B.V., Sumitomo Mitsui Trust Holdings Inc., Nordea Investment Management AB, and Marshall Wace LLP.
View insider buying and selling activity for Cardinal Health.

Shares of CAH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CAH stock can currently be purchased for approximately $53.82.

Cardinal Health has a market capitalization of $15.71 billion and generates $152.92 billion in revenue each year. The company earns $-3,696,000,000.00 in net income (profit) each year or $5.45 on an earnings per share basis. Cardinal Health employs 31,000 workers across the globe.

The official website for Cardinal Health is www.cardinalhealth.com.

Cardinal Health's mailing address is 7000 CARDINAL PLACE, DUBLIN OH, 43017. The company can be reached via phone at 614-757-5000 or via email at [email protected]