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 stock has increased by 18.4% and is now trading at $57.62. 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 13th 2020. View our earnings forecast for Cardinal Health.

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

Cardinal Health declared a quarterly dividend on Monday, May 11th. Stockholders 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 3.37%. The ex-dividend date of this dividend 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 of Directors has approved a stock buyback program 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 buy up to 6.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board of directors 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 Wall Street 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 $57.30 in the next year. This suggests that the stock has a possible downside of 0.6%. View analysts' price targets for Cardinal Health.

News headlines about CAH stock have trended very negative this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cardinal Health earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the near future. View the latest news aboutCardinal Health.

Cardinal Health saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 3,940,000 shares, a decrease of 10.5% from the April 30th total of 4,400,000 shares. Based on an average trading volume of 3,140,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.89%), State Street Corp (6.85%), Bank of New York Mellon Corp (2.36%), Geode Capital Management LLC (1.72%), American International Group Inc. (1.66%) and Invesco Ltd. (1.59%). 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 Invesco Ltd., Franklin Resources Inc., State Street Corp, APG Asset Management N.V., Bank of New York Mellon Corp, Pzena Investment Management LLC, American International Group Inc., and First Trust Advisors LP. View insider buying and selling activity for Cardinal Health.

CAH stock was acquired by a variety of institutional investors in the last quarter, including Prudential PLC, AJO LP, Miller Howard Investments Inc. NY, Alyeska Investment Group L.P., BlackRock Inc., Schroder Investment Management Group, Sumitomo Mitsui Trust Holdings Inc., and Robeco Institutional Asset Management B.V.. 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 $57.62.

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]