NYSE:CAHCardinal Health Stock Price, Forecast & News

Cardinal Health's stock was trading at $48.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CAH stock has increased by 18.4% and is now trading at $57.60.
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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.
View our earnings forecast for Cardinal Health.

Cardinal Health Inc (NYSE:CAH) posted its quarterly earnings data on Monday, May, 11th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.43 by $0.19. The firm had revenue of $39.16 billion for the quarter, compared to analyst estimates of $37.04 billion. Cardinal Health had a positive return on equity of 69.23% and a negative net margin of 2.71%. Cardinal Health's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.59 EPS.
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 given a dividend of $0.486 per share on Wednesday, July 15th. This represents a $1.94 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Tuesday, June 30th. 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 share buyback plan on Thursday, November 8th 2018, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its stock is undervalued.

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

11 equities research analysts have issued 1-year price targets 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 0.7% from the stock's current price.
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News headlines about CAH stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cardinal Health earned a news sentiment score of -1.4 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact 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 July. As of July 31st, there was short interest totaling 5,100,000 shares, an increase of 8.5% from the July 15th total of 4,700,000 shares. Based on an average daily trading volume, of 2,400,000 shares, the short-interest ratio is presently 2.1 days. Approximately 1.8% of the company's shares are short sold.
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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 a variety of institutional and retail investors. Top institutional shareholders include LSV Asset Management (1.06%), 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%) and ProShare Advisors LLC (0.56%). 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, Alps Advisors Inc., CWM LLC, First Trust Advisors LP, Pzena Investment Management LLC, and Exane Derivatives.
View insider buying and selling activity for Cardinal Health.

CAH stock was acquired 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, Russell Investments Group Ltd., and Contravisory Investment Management Inc..
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 $57.60.

Cardinal Health has a market capitalization of $16.82 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]