NYSE:CAHCardinal Health Stock Price, Forecast & News

Cardinal Health's stock was trading at $48.65 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CAH stock has increased by 4.7% and is now trading at $50.93. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cardinal Health in the last year. There are currently 8 hold ratings and 3 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, August 6th 2020. View our earnings forecast for Cardinal Health.

Cardinal Health will be holding an earnings conference call on Thursday, August 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Cardinal Health Inc (NYSE:CAH) issued its quarterly earnings results on Monday, May, 11th. The company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.19. The company had revenue of $39.16 billion for the quarter, compared to the consensus estimate of $37.04 billion. Cardinal Health had a negative net margin of 2.71% and a positive return on equity of 69.23%. Cardinal Health's revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.59 EPS. View Cardinal Health's earnings history.

Cardinal Health declared a quarterly dividend on Monday, May 11th. Investors of record on Wednesday, July 1st will be given a dividend of $0.486 per share on Wednesday, July 15th. This represents a $1.94 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Tuesday, June 30th. This is an increase from Cardinal Health's previous quarterly dividend of $0.48. View Cardinal Health's dividend history.

Cardinal Health announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 8th 2018, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Cardinal Health issued an update on its FY20 earnings guidance on Monday, May, 11th. The company provided earnings per share (EPS) guidance of $5.20-5.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.00.

11 brokers have issued twelve-month price objectives 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 $57.50 in the next year. This suggests a possible upside of 12.9% from the stock's current price. View analysts' price targets for Cardinal Health.

Media coverage about CAH stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cardinal Health earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news about Cardinal Health.

Cardinal Health saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,120,000 shares, an increase of 11.1% from the June 15th total of 3,710,000 shares. Based on an average trading volume of 2,580,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.4% of the company's 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). View all competitors.

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), Gilead Sciences (GILD), Verizon Communications (VZ), Becton Dickinson and (BDX), PepsiCo (PEP) and Pfizer (PFE).

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 Wedge Capital Management L L P NC (0.20%), Envestnet Asset Management Inc. (0.11%), Contravisory Investment Management Inc. (0.03%), Cypress Capital Group (0.03%), State of Alaska Department of Revenue (0.02%) and DNB Asset Management AS (0.02%). 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 Envestnet Asset Management Inc., Exane Derivatives, DNB Asset Management AS, IFM Investors Pty Ltd, Birch Capital Management LLC, Rockland Trust Co., Bangor Savings Bank, and Wesbanco Bank Inc.. View insider buying and selling activity for Cardinal Health.

CAH stock was acquired by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Contravisory Investment Management Inc., Cypress Capital Group, Loudon Investment Management LLC, Veracity Capital LLC, Secure Asset Management LLC, Forte Capital LLC ADV, and Canandaigua National Corp. 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 $50.93.

Cardinal Health has a market capitalization of $14.87 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.

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]