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NYSE:CAH

Cardinal Health (CAH) Stock Price, News & Analysis

Cardinal Health logo
$123.30 +2.96 (+2.46%)
(As of 11/21/2024 ET)

About Cardinal Health Stock (NYSE:CAH)

Key Stats

Today's Range
$119.40
$123.42
50-Day Range
$107.89
$125.33
52-Week Range
$93.17
$126.14
Volume
1.24 million shs
Average Volume
2.11 million shs
Market Capitalization
$29.84 billion
P/E Ratio
23.99
Dividend Yield
1.64%
Price Target
$123.00
Consensus Rating
Hold

Company Overview

Cardinal Health, Inc. operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home. The company operates in two segments, Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, and over-the-counter healthcare and consumer products. The segment also provides services to pharmaceutical manufacturers and healthcare providers for specialty pharmaceutical products; operates nuclear pharmacies and radiopharmaceutical manufacturing facilities; repackages generic pharmaceuticals and over-the-counter healthcare products; and provides pharmacy management services to hospitals. The Medical segment manufactures, sources, and distributes Cardinal Health branded medical, surgical, and laboratory products and devices that include exam and surgical gloves; needles, syringe, and sharps disposals; compressions; incontinences; nutritional delivery products; wound care products; single-use surgical drapes, gowns, and apparels; fluid suction and collection systems; urology products; operating room supply products; and electrode product lines. The segment also distributes a range of national brand products, including medical, surgical, and laboratory products; provides supply chain services and solutions to hospitals, ambulatory surgery centers, clinical laboratories, and other healthcare providers; and assembles and sells sterile, and non-sterile procedure kits. The company was incorporated in 1979 and is headquartered in Dublin, Ohio.

Cardinal Health Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
96th Percentile Overall Score

CAH MarketRank™: 

Cardinal Health scored higher than 96% of companies evaluated by MarketBeat, and ranked 52nd out of 952 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Cardinal Health has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 7 buy ratings, 5 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Cardinal Health has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Cardinal Health's stock forecast and price target.
  • Earnings Growth

    Earnings for Cardinal Health are expected to grow by 9.20% in the coming year, from $7.83 to $8.55 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Cardinal Health is 23.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.84.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Cardinal Health is 23.99, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 127.09.

  • Price to Earnings Growth Ratio

    Cardinal Health has a PEG Ratio of 1.48. PEG Ratios above 1 indicate that a company could be overvalued.

  • Read more about Cardinal Health's valuation and earnings.
  • Percentage of Shares Shorted

    2.28% of the float of Cardinal Health has been sold short.
  • Short Interest Ratio / Days to Cover

    Cardinal Health has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Cardinal Health has recently decreased by 26.37%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Cardinal Health pays a meaningful dividend of 1.71%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Cardinal Health does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Cardinal Health is 39.30%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Cardinal Health will have a dividend payout ratio of 23.63% next year. This indicates that Cardinal Health will be able to sustain or increase its dividend.

  • Read more about Cardinal Health's dividend.
  • Percentage of Shares Shorted

    2.28% of the float of Cardinal Health has been sold short.
  • Short Interest Ratio / Days to Cover

    Cardinal Health has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Cardinal Health has recently decreased by 26.37%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Cardinal Health has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 17 news articles for Cardinal Health this week, compared to 11 articles on an average week.
  • Search Interest

    Only 25 people have searched for CAH on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.
  • MarketBeat Follows

    14 people have added Cardinal Health to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Cardinal Health insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.09% of the stock of Cardinal Health is held by insiders.

  • Percentage Held by Institutions

    87.17% of the stock of Cardinal Health is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Cardinal Health's insider trading history.
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CAH Stock News Headlines

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J.P. Morgan Remains a Hold on Cardinal Health (CAH)
Cardinal Health (CAH) Announces Major Debt Offering
See More Headlines

CAH Stock Analysis - Frequently Asked Questions

Cardinal Health's stock was trading at $100.80 at the start of the year. Since then, CAH shares have increased by 22.3% and is now trading at $123.30.
View the best growth stocks for 2024 here
.

Cardinal Health, Inc. (NYSE:CAH) announced its quarterly earnings data on Friday, November, 1st. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.26. Cardinal Health's quarterly revenue was down 4.3% on a year-over-year basis.
Read the conference call transcript
.

The following companies are subsidiaries of Cardinal Health: Mscripts, Mirixa Corporation, Patient Recovery Business of Medtronic, TelePharm, RainTree Oncology Services, NaviHealth, Outcomes Incorporated, and others.

Cardinal Health's top institutional shareholders include State Street Corp (5.86%), Geode Capital Management LLC (2.38%), FMR LLC (1.79%) and Pacer Advisors Inc. (1.77%). Insiders that own company stock include Jason M Hollar, Jessica L Mayer, Stephen M Mason, Aaron E Alt, Deborah Weitzman, Ola M Snow, Michelle D Greene, Mary C Scherer and Michelle Brennan.
View institutional ownership trends
.

Shares of CAH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Cardinal Health investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Exxon Mobil (XOM), Broadcom (AVGO), AbbVie (ABBV) and Chevron (CVX).

Company Calendar

Ex-Dividend for 10/15 Dividend
10/01/2024
Dividend Payable
10/15/2024
Last Earnings
11/01/2024
Today
11/21/2024
Ex-Dividend for 1/15 Dividend
1/02/2025
Dividend Payable
1/15/2025
Next Earnings (Estimated)
2/06/2025
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Drugs, proprietaries, & sundries
Sub-Industry
Health Care Distributors
CUSIP
14149Y10
Employees
48,900
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$123.00
High Stock Price Target
$139.00
Low Stock Price Target
$101.00
Potential Upside/Downside
-0.2%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$852 million
Pretax Margin
0.80%

Debt

Sales & Book Value

Annual Sales
$226.83 billion
Cash Flow
$10.98 per share
Book Value
($13.54) per share

Miscellaneous

Free Float
241,792,000
Market Cap
$29.84 billion
Optionable
Optionable
Beta
0.60

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This page (NYSE:CAH) was last updated on 11/22/2024 by MarketBeat.com Staff
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