NYSE:CAHCardinal Health Stock Price, Forecast & News

Cardinal Health's stock was trading at $48.65 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CAH stock has increased by 3.7% and is now trading at $50.43. View which stocks have been most impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cardinal Health in the last year. There are currently 7 hold ratings and 2 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, May 14th 2020. View our earnings forecast for Cardinal Health.

Cardinal Health Inc (NYSE:CAH) announced its earnings results on Thursday, February, 6th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.22 by $0.30. The business had revenue of $39.77 billion for the quarter, compared to the consensus estimate of $39.33 billion. Cardinal Health had a positive return on equity of 45.21% and a negative net margin of 2.81%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 EPS. View Cardinal Health's earnings history.

Cardinal Health announced a quarterly dividend on Tuesday, February 11th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.4811 per share on Wednesday, April 15th. This represents a $1.92 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Tuesday, March 31st. This is a boost from Cardinal Health's previous quarterly dividend of $0.48. View Cardinal Health's dividend history.

Cardinal Health declared that its board has authorized a stock repurchase plan on Thursday, November 8th 2018, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Cardinal Health updated its FY20 earnings guidance on Thursday, February, 6th. The company provided EPS guidance of $5.20-5.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.00.

9 brokers have issued twelve-month target prices for Cardinal Health's shares. Their forecasts range from $50.00 to $68.00. On average, they expect Cardinal Health's share price to reach $56.88 in the next year. This suggests a possible upside of 12.8% from the stock's current price. View analysts' price targets for Cardinal Health.

Media headlines about CAH stock have trended very negative this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by reviewing 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 nearest to five being the most favorable. Cardinal Health earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutCardinal Health.

Cardinal Health saw a decline in short interest in February. As of February 28th, there was short interest totaling 6,140,000 shares, a decline of 14.7% from the February 13th total of 7,200,000 shares. Based on an average daily volume of 2,770,000 shares, the short-interest ratio is currently 2.2 days. Approximately 2.1% of the shares of the stock are short sold. View Cardinal Health's Current Options Chain.

Some companies that are related to Cardinal Health include McKesson (MCK), AmerisourceBergen (ABC), Henry Schein (HSIC), Patterson Companies (PDCO) and Owens & Minor (OMI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cardinal Health investors own include AbbVie (ABBV), Johnson & Johnson (JNJ), AT&T (T), Exxon Mobil (XOM), CVS Health (CVS), Becton Dickinson and (BDX), Chevron (CVX), Pfizer (PFE), Verizon Communications (VZ) and Gilead Sciences (GILD).

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

Cardinal Health's stock is owned by a number of institutional and retail investors. Top institutional shareholders include CLARET ASSET MANAGEMENT Corp (0.02%), State of Alaska Department of Revenue (0.02%), IFM Investors Pty Ltd (0.01%), Blackhawk Capital Partners LLC. (0.01%), Thomasville National Bank (0.01%) and Birch Capital Management LLC (0.00%). 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 Birch Capital Management LLC, Blackhawk Capital Partners LLC., Cypress Capital Group, CLARET ASSET MANAGEMENT Corp, IFM Investors Pty Ltd, Thomasville National Bank, and Pinnacle Bank. View insider buying and selling activity for Cardinal Health.

CAH stock was bought by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., IBM Retirement Fund, and State of Alaska Department of Revenue. 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 $50.43.

Cardinal Health has a market capitalization of $14.71 billion and generates $145.53 billion in revenue each year. The company earns $1.36 billion in net income (profit) each year or $5.28 on an earnings per share basis. Cardinal Health employs 31,000 workers across the globe. View additional information about Cardinal Health.

The official website for Cardinal Health is http://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]