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 shares have increased by 1.4% and is now trading at $49.35. View which stocks have been mosted 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 quarterly earnings data 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 company 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%. Cardinal Health's revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 earnings per share. 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 dividend on an annualized basis and a dividend yield of 3.90%. 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 announced that its board has initiated a stock buyback program on Thursday, November 8th 2018, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 6.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its shares are 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 12-month target prices for Cardinal Health's shares. Their forecasts range from $50.00 to $68.00. On average, they anticipate Cardinal Health's share price to reach $56.88 in the next year. This suggests a possible upside of 15.2% from the stock's current price. View analysts' price targets for Cardinal Health.

Headlines about CAH stock have been trending very negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cardinal Health earned a news impact score of -3.3 on InfoTrie's scale. They also assigned news 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 drop in short interest during the month of February. As of February 28th, there was short interest totaling 6,140,000 shares, a drop of 14.7% from the February 13th total of 7,200,000 shares. Based on an average trading volume of 2,770,000 shares, the short-interest ratio is currently 2.2 days. Approximately 2.1% of the company's stock 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).

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), Verizon Communications (VZ), Gilead Sciences (GILD) and PepsiCo (PEP).

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 investors include CLARET ASSET MANAGEMENT Corp (0.02%), State of Alaska Department of Revenue (0.02%), 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., CLARET ASSET MANAGEMENT Corp, and Thomasville National 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 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 $49.35.

Cardinal Health has a market capitalization of $14.40 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]