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NYSE:CAH

Cardinal Health - CAH Stock Forecast, Price & News

$79.72
-0.45 (-0.56%)
(As of 12/1/2022 12:33 PM ET)
Add
Compare
Today's Range
$78.56
$80.31
50-Day Range
$65.77
$80.98
52-Week Range
$45.85
$81.57
Volume
62,589 shs
Average Volume
3.05 million shs
Market Capitalization
$20.90 billion
P/E Ratio
13.03
Dividend Yield
2.52%
Price Target
$76.45

Cardinal Health MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
3.6% Downside
$76.45 Price Target
Short Interest
Healthy
3.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.65
Upright™ Environmental Score
News Sentiment
0.44mentions of Cardinal Health in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.55 M Sold Last Quarter
Proj. Earnings Growth
13.64%
From $5.28 to $6.00 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.00 out of 5 stars

Medical Sector

14th out of 1,047 stocks

Drugs, Proprietaries, & Sundries Industry

1st out of 7 stocks

CAH stock logo

About Cardinal Health (NYSE:CAH) Stock

Cardinal Health, Inc. operates as an integrated healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home. The company operates in two segments, Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, and over-the-counter healthcare and consumer products. The segment also provides services to pharmaceutical manufacturers and healthcare providers for specialty pharmaceutical products; operates nuclear pharmacies and radiopharmaceutical manufacturing facilities; repackages generic pharmaceuticals and over-the-counter healthcare products; and offers medication therapy management and patient outcomes services to hospitals, other healthcare providers, and payers, as well as provides pharmacy management services to hospitals. The Medical segment manufactures, sources, and distributes Cardinal Health branded medical, surgical, and laboratory products and devices that include exam and surgical gloves; needles, syringe, and sharps disposals; compressions; incontinences; nutritional delivery products; wound care products; single-use surgical drapes, gowns, and apparels; fluid suction and collection systems; urology products; operating room supply products; and electrode product lines. The segment also distributes a range of national brand products, including medical, surgical, and laboratory products; provides supply chain services and solutions to hospitals, ambulatory surgery centers, clinical laboratories, and other healthcare providers; and assembles and sells sterile, and non-sterile procedure kits. The company was incorporated in 1979 and is headquartered in Dublin, Ohio.

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CAH Stock News Headlines

CVS, Walgreens announce opioid settlements totaling $10B
Two of the largest U
Asian benchmarks mixed as markets await Fed rate moves
Asian shares are mixed while Chinese shares surged ahead of a decision by the U.S. Federal Reserve on an interest rate increase to curb inflation
6 Analysts Have This to Say About Cardinal Health
5 Stocks To Be Thankful for in 2022
Cardinal Health Recent Insider Activity
Company News for Nov 7, 2022
Recap: Cardinal Health Q1 Earnings
Cardinal Health Reaffirms FY23 Outlook - Update
Cardinal Health Inc Q1 Profit Decreases, but beats estimates
Earnings Preview For Cardinal Health
See More Headlines
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CAH Company Calendar

Ex-Dividend for 10/15 Dividend
9/30/2022
Dividend Payable
10/15/2022
Last Earnings
11/04/2022
Today
12/01/2022
Ex-Dividend for 1/15 Dividend
12/30/2022
Dividend Payable
1/15/2023
Next Earnings (Estimated)
2/02/2023
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Drugs, proprietaries, & sundries
Sub-Industry
Health Care Distributors
Sector
Medical
CUSIP
14149Y10
Employees
46,500
Year Founded
1971

Price Target and Rating

Average Stock Price Forecast
$76.45
High Stock Price Forecast
$82.00
Low Stock Price Forecast
$67.00
Forecasted Upside/Downside
-4.1%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$-933,000,000.00
Pretax Margin
-0.55%

Debt

Sales & Book Value

Annual Sales
$181.36 billion
Cash Flow
$7.84 per share
Book Value
($6.79) per share

Miscellaneous

Free Float
261,688,000
Market Cap
$20.90 billion
Optionable
Optionable
Beta
0.80

Social Links


Key Executives

  • Mr. Jason M. Hollar (Age 49)
    CEO & Director
    Comp: $1.12M
  • Ms. Jessica L. Mayer (Age 52)
    Chief Legal & Compliance Officer
    Comp: $873.45k
  • Mr. Stephen M. Mason (Age 50)
    Chief Exec. Officer of Medical Segment
    Comp: $848.88k
  • Ms. Patricia M. English (Age 42)
    Sr. VP & Interim CFO
  • Ms. Mary C. Scherer
    Sr. VP & Chief Accounting Officer
  • Ms. Michelle Greene
    Exec. VP & Chief Information Officer and Global Bus. Services
  • Mr. Kevin Moran
    VP of Investor Relations
  • Ms. Ola M. SnowMs. Ola M. Snow (Age 54)
    Chief HR Officer
  • Mr. Craig Cowman
    Exec. VP of Strategic Sourcing & Manufacturer Services
  • Ms. Deborah L. Weitzman
    Chief Exec. Officer of Pharmaceutical Distribution













CAH Stock - Frequently Asked Questions

Should I buy or sell Cardinal Health stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cardinal Health in the last twelve months. There are currently 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CAH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAH, but not buy additional shares or sell existing shares.
View CAH analyst ratings
or view top-rated stocks.

What is Cardinal Health's stock price forecast for 2023?

11 brokers have issued 1-year price objectives for Cardinal Health's stock. Their CAH share price forecasts range from $67.00 to $82.00. On average, they expect the company's share price to reach $76.45 in the next twelve months. This suggests that the stock has a possible downside of 4.6%.
View analysts price targets for CAH
or view top-rated stocks among Wall Street analysts.

How have CAH shares performed in 2022?

Cardinal Health's stock was trading at $51.49 at the beginning of 2022. Since then, CAH shares have increased by 55.7% and is now trading at $80.17.
View the best growth stocks for 2022 here
.

Are investors shorting Cardinal Health?

Cardinal Health saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 8,550,000 shares, a drop of 28.3% from the October 31st total of 11,920,000 shares. Based on an average daily volume of 3,090,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 3.3% of the company's shares are short sold.
View Cardinal Health's Short Interest
.

When is Cardinal Health's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our CAH earnings forecast
.

How were Cardinal Health's earnings last quarter?

Cardinal Health, Inc. (NYSE:CAH) posted its quarterly earnings results on Friday, November, 4th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.24. The business earned $49.60 billion during the quarter, compared to analysts' expectations of $46.88 billion. Cardinal Health had a negative net margin of 0.59% and a negative trailing twelve-month return on equity of 252.82%.

How often does Cardinal Health pay dividends? What is the dividend yield for Cardinal Health?

Cardinal Health announced a quarterly dividend on Tuesday, November 8th. Investors of record on Tuesday, January 3rd will be paid a dividend of $0.4957 per share on Sunday, January 15th. This represents a $1.98 annualized dividend and a yield of 2.47%. The ex-dividend date is Friday, December 30th.
Read our dividend analysis for CAH
.

Is Cardinal Health a good dividend stock?

Cardinal Health (NYSE:CAH) pays an annual dividend of $1.98 per share and currently has a dividend yield of 2.52%. The company has been increasing its dividend for 36 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAH will have a dividend payout ratio of 33.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAH.

What guidance has Cardinal Health issued on next quarter's earnings?

Cardinal Health issued an update on its FY 2023 earnings guidance on Friday, November, 18th. The company provided EPS guidance of $5.05-$5.40 for the period, compared to the consensus earnings per share estimate of $5.24. The company issued revenue guidance of -.

What is Mike Kaufmann's approval rating as Cardinal Health's CEO?

357 employees have rated Cardinal Health Chief Executive Officer Mike Kaufmann on Glassdoor.com. Mike Kaufmann has an approval rating of 85% among the company's employees.

What other stocks do shareholders of Cardinal Health own?

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), Chevron (CVX), Intel (INTC), Cisco Systems (CSCO) and PepsiCo (PEP).

What is Cardinal Health's stock symbol?

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

Who are Cardinal Health's major shareholders?

Cardinal Health's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.27%), BlackRock Inc. (10.94%), State Street Corp (7.75%), Price T Rowe Associates Inc. MD (3.13%), Bank of New York Mellon Corp (1.80%) and ProShare Advisors LLC (1.07%). Insiders that own company stock include Michelle Brennan and Ola M Snow.
View institutional ownership trends
.

How do I buy shares of Cardinal Health?

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

What is Cardinal Health's stock price today?

One share of CAH stock can currently be purchased for approximately $80.17.

How much money does Cardinal Health make?

Cardinal Health (NYSE:CAH) has a market capitalization of $21.02 billion and generates $181.36 billion in revenue each year. The company earns $-933,000,000.00 in net income (profit) each year or $6.12 on an earnings per share basis.

How many employees does Cardinal Health have?

The company employs 46,500 workers across the globe.

Does Cardinal Health have any subsidiaries?
The following companies are subsidiares of Cardinal Health: A+ Secure Packaging LLC, Access Closure, Aero-Med LLC, Alaris Medical Systems, Allegiance Corporation, Allegiance Healthcare, AssuraMed, Automatic Liquid Packaging, Bergen Brunswig Corp, Bindley Western Industries, Blue Robin LLC, Boron LePore & Associates, Borschow Hospital & Medical Supplies, Cardinal Health 100 LLC, Cardinal Health 104 LP, Cardinal Health 105 LLC, Cardinal Health 107 LLC, Cardinal Health 108 LLC, Cardinal Health 110 LLC, Cardinal Health 112 LLC, Cardinal Health 113 LLC, Cardinal Health 114 Inc., Cardinal Health 115 LLC, Cardinal Health 116 LLC, Cardinal Health 118 LLC, Cardinal Health 119 LLC, Cardinal Health 121 LLC, Cardinal Health 122 LLC, Cardinal Health 123 LLC, Cardinal Health 124 LLC, Cardinal Health 126 LLC, Cardinal Health 127 Inc., Cardinal Health 132 LLC, Cardinal Health 2 LLC, Cardinal Health 200 LLC, Cardinal Health 201 LLC, Cardinal Health 222 (Thailand) Ltd., Cardinal Health 247 Inc., Cardinal Health 249 LLC, Cardinal Health 3 LLC, Cardinal Health 414 LLC, Cardinal Health 5 LLC, Cardinal Health 6 Inc., Cardinal Health 7 LLC, Cardinal Health Australia 503 Pty. Ltd., Cardinal Health Austria 504 GmbH, Cardinal Health Belgium 505 BVBA, Cardinal Health Canada Holdings Cooperative U.A., Cardinal Health Canada Inc., Cardinal Health Chile Limitada, Cardinal Health Colombia S.A.S., Cardinal Health D.R. 203 II Ltd., Cardinal Health Denmark ApS, Cardinal Health Finland Oy, Cardinal Health Foundation, Cardinal Health France 506 SAS, Cardinal Health Funding LLC, Cardinal Health Germany 507 GmbH, Cardinal Health Germany Manufacturing GmbH, Cardinal Health IPS LLC, Cardinal Health International India Private Limited, Cardinal Health International Philippines Inc., Cardinal Health Ireland 419 Designated Activity Company, Cardinal Health Ireland 508 Limited, Cardinal Health Ireland Unlimited Company, Cardinal Health Italy 509 Srl, Cardinal Health Japan G.K., Cardinal Health K.K., Cardinal Health Korea Limited, Cardinal Health Malaysia 211 Sdn. Bhd., Cardinal Health Malta 212 Limited, Cardinal Health Managed Care Services LLC, Cardinal Health Medical Equipment Consulting (Shanghai) Co. Ltd., Cardinal Health Mexico 514 S. de R.L. de C.V., Cardinal Health Middle East FZ-LLC, Cardinal Health Netherlands 502 B.V., Cardinal Health P.R. 120 Inc., Cardinal Health P.R. 218 Inc., Cardinal Health P.R. 220 LLC, Cardinal Health Pharmaceutical Contracting LLC, Cardinal Health Pharmacy Services LLC, Cardinal Health Singapore 225 Pte. Ltd., Cardinal Health Spain 511 S.L., Cardinal Health Sweden 512 A.B., Cardinal Health Switzerland 515 GmbH, Cardinal Health Systems Inc., Cardinal Health Technologies LLC, Cardinal Health Technologies Switzerland GmbH, Cardinal Health U.K. 432 Limited, Cardinal Health do Brasil Ltd., CareFusion, Cirpro de Delicias S.A. de C.V., Convertors de Mexico S.A. de C.V., Cordis, Cordis (Shanghai) Medical Devices Co. Ltd., Cordis Corporation, Cornerstone Rheumatology L.P., Covidien Manufacturing Solutions S.A., Denver Biomedical, Dik Drug, EPIC Insurance Company, Emerge Medical, Enturia, Especialidades Medicas Kenmex S.A. de C.V., Futuremed Health Care Products, Gala Biotech, Geodax Technology, GetOutcomes LLC, Griffin Capital LLC, HLS Freight Services, Healthcare Solutions Holding, Innovative Therapies LLC, Instant Diagnostic Systems Inc., KPR Australia Pty. Ltd., KPR U.S. LLC, Kendall-Gammatron Limited, Kinray, Leader Drugstores Inc., Ludlow Technical Products Canada Ltd., MCD, Magellan Laboratories, Marin Apothecaries, MedMined, Medicine Shoppe International Inc., Medicine Shoppe International Inc., Mediquip Sdn. Bhd., Mirixa Corporation, Mirixa Corporation, MosaicGPO LLC, NaviHealth, One Cloverleaf LLC, Outcomes Incorporated, Outcomes Incorporated, Owen Healthcare, PCI Pharma Services, ParMed Pharmaceuticals, Patient Recovery Business of Medtronic, Pinnacle Intellectual Property Services Inc., Pinnacle Intellectual Property Services-International Inc., Pyxis Corporation, Quiroproductos de Cuauhtemoc S. de R.L. de C.V., R.P. Scherer Corporation, RGH Enterprises LLC, RainTree GPO LLC, RainTree Oncology Services, Renal Purchasing Group LLC, Rxealtime Inc., Sonexus Health LLC, Syncor International, TelePharm, TelePharm LLC, The Harvard Drug Group, The Harvard Drug Group L.L.C., Traverse GPO LLC, Viasys Healthcare, WaveMark Inc., Zuellig Pharma China, mscripts, and mscripts LLC.
Read More
How can I contact Cardinal Health?

Cardinal Health's mailing address is 7000 CARDINAL PLACE, DUBLIN OH, 43017. The official website for the company is www.cardinalhealth.com. The company can be reached via phone at (614) 757-5000, via email at investor.relations@cardinalhealth.com, or via fax at 614-757-6000.

This page (NYSE:CAH) was last updated on 12/1/2022 by MarketBeat.com Staff