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 (WHO). Since then, CAH shares have increased by 18.9% and is now trading at $57.83.
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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."
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Cardinal Health is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020.
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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) released its quarterly earnings data on Monday, May, 11th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.43 by $0.19. The firm earned $39.16 billion during the quarter, compared to the consensus estimate of $37.04 billion. Cardinal Health had a positive return on equity of 69.23% and a negative net margin of 2.71%. The company's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.59 earnings per share.
View Cardinal Health's earnings history.

Cardinal Health announced a quarterly dividend on Monday, May 11th. Investors of record on Wednesday, July 1st will be paid a dividend of $0.486 per share on Wednesday, July 15th. This represents a $1.94 annualized dividend and a dividend yield of 3.36%. 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 declared that its Board of Directors has approved a stock buyback program on Thursday, November 8th 2018, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its stock is 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 estimate of $5.00.

11 brokers have issued 1-year price objectives for Cardinal Health's stock. Their forecasts range from $50.00 to $68.00. On average, they expect Cardinal Health's stock price to reach $58.00 in the next twelve months. This suggests a possible upside of 0.3% from the stock's current price.
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Press coverage about CAH stock has trended somewhat negative this week, according to InfoTrie. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cardinal Health earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the next few days.
View the latest news about Cardinal Health.

Cardinal Health saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 5,100,000 shares, an increase of 8.5% from the June 30th total of 4,700,000 shares. Based on an average daily volume of 2,400,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.8% of the shares of the company are sold short.
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).
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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 many different institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (1.03%), Prudential PLC (0.75%), Robeco Institutional Asset Management B.V. (0.63%), Sumitomo Mitsui Trust Holdings Inc. (0.59%), ProShare Advisors LLC (0.56%) and Miller Howard Investments Inc. NY (0.33%). 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 ProShare Advisors LLC, Envestnet Asset Management Inc., Miller Howard Investments Inc. NY, CWM LLC, First Trust Advisors LP, Pzena Investment Management LLC, Exane Derivatives, and Ziegler Capital Management LLC.
View insider buying and selling activity for Cardinal Health.

CAH stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments, Wedge Capital Management L L P NC, Prudential PLC, Robeco Institutional Asset Management B.V., Sumitomo Mitsui Trust Holdings Inc., Mackay Shields LLC, Contravisory Investment Management Inc., and Janney Montgomery Scott LLC.
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 $57.83.

Cardinal Health has a market capitalization of $16.89 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]