Cardinal Health - CAH Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cardinal Health in the last twelve months. There are currently 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CAH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAH, but not buy additional shares or sell existing shares.
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12 analysts have issued 1-year price objectives for Cardinal Health's shares. Their CAH share price forecasts range from $67.00 to $94.00. On average, they anticipate the company's stock price to reach $80.33 in the next year. This suggests a possible upside of 12.6% from the stock's current price.
View analysts price targets for CAH or view top-rated stocks among Wall Street analysts.

Cardinal Health's stock was trading at $76.87 at the beginning of 2023. Since then, CAH stock has decreased by 7.2% and is now trading at $71.34.
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Cardinal Health saw a decline in short interest in the month of February. As of February 28th, there was short interest totaling 4,960,000 shares, a decline of 21.3% from the February 13th total of 6,300,000 shares. Based on an average daily volume of 2,680,000 shares, the short-interest ratio is currently 1.9 days. Currently, 1.9% of the company's stock are sold short.
View Cardinal Health's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our CAH earnings forecast.

Cardinal Health, Inc. (NYSE:CAH) posted its quarterly earnings data on Thursday, February, 2nd. The company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.19. The business had revenue of $51.47 billion for the quarter, compared to analyst estimates of $50.03 billion. Cardinal Health had a negative net margin of 0.66% and a negative trailing twelve-month return on equity of 101.28%. The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 EPS.
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Cardinal Health declared a quarterly dividend on Friday, February 10th. Stockholders of record on Monday, April 3rd will be paid a dividend of $0.4957 per share on Saturday, April 15th. This represents a $1.98 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, March 31st.
Read our dividend analysis for CAH.

ETFs with the largest weight of Cardinal Health (NYSE:CAH) stock in their portfolio include First Trust Nasdaq Pharmaceuticals ETF (FTXH), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV), USCF Dividend Income Fund (UDI), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), SRH U.S. Quality ETF (SRHQ) and AAM S&P 500 High Dividend Value ETF (SPDV).

Cardinal Health (NYSE:CAH) pays an annual dividend of $1.98 per share and currently has a dividend yield of 2.85%. The company has been increasing its dividend for 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 36.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAH will have a dividend payout ratio of 31.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAH.

Cardinal Health issued an update on its FY 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $5.20-$5.50 for the period, compared to the consensus estimate of $5.32. The company issued revenue guidance of -.

357 employees have rated Cardinal Health Chief Executive Officer Mike Kaufmann on Glassdoor.com. Mike Kaufmann has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cardinal Health investors own include AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), CVS Health (CVS), Exxon Mobil (XOM), Pfizer (PFE), Chevron (CVX), Intel (INTC), Cisco Systems (CSCO) 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 many different institutional and retail investors. Top institutional investors include Geode Capital Management LLC (2.08%), Price T Rowe Associates Inc. MD (1.94%), Morgan Stanley (1.78%), Amundi (1.63%), Arrowstreet Capital Limited Partnership (1.50%) and Norges Bank (1.11%). Insiders that own company stock include Michelle Brennan and Ola M Snow.
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Shares of CAH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CAH stock can currently be purchased for approximately $71.34.

Cardinal Health (NYSE:CAH) has a market capitalization of $18.38 billion and generates $181.36 billion in revenue each year. The company earns $-933,000,000.00 in net income (profit) each year or $5.45 on an earnings per share basis.

The company employs 46,500 workers across the globe.

Cardinal Health's mailing address is 7000 CARDINAL PLACE, DUBLIN OH, 43017. The official website for the company is www.cardinalhealth.com. The company can be reached via phone at (614) 757-5000, via email at investor.relations@cardinalhealth.com, or via fax at 614-757-6000.