New Big Money Means Cardinal Health Inc. (CAH) Investors Could Reap Benefit

Cardinal Health Inc. (NYSE: CAH) is -1.18% lower on its value in year-to-date trading and has touched a low of $39.05 and a high of $60.69 in the current 52-week trading range. The CAH stock was last observed hovering at around $53.56 in the last trading session, with the day’s loss setting it -0.63% off its average median price target of $61.50 for the next 12 months. It is also 24.39% off the consensus price target high of $70.00 offered by 19 analysts, but current levels are -5.86% lower than the price target low of $50.00 for the same period.

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Currently trading at $52.93, the stock is -3.02% and -0.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.86 million and changing -1.18% at the moment leaves the stock 3.25% off its SMA200. CAH registered 7.23% gain for a year compared to 6-month gain of 2.30%. The firm has a 50-day simple moving average (SMA 50) of $54.38 and a 200-day simple moving average (SMA200) of $51.66.

The stock witnessed a -4.89% loss in the last 1 month and extending the period to 3 months gives it a 14.32%, and is -1.62% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.17% over the week and 2.16% over the month.

Cardinal Health Inc. (CAH) has around 48000 employees, a market worth around $15.51B and $154.65B in sales. Current P/E ratio is 15.97 and Fwd P/E is 8.59. Profit margin for the company is 0.60%. Distance from 52-week low is 35.54% and -12.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-47.10%).

Cardinal Health Inc. (CAH) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Cardinal Health Inc. (CAH) is a “Hold”. 19 analysts offering their recommendations for the stock have an average rating of 2.60, where 12 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Cardinal Health Inc. is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at $1.44 with sales reaching $41.45B over the same period.The EPS is expected to shrink by -378.60% this year, but quarterly earnings will post 5.30% year-over-year. Quarterly sales are estimated to grow 4.30% in year-over-year returns.

Cardinal Health Inc. (CAH) Top Institutional Holders

1,065 institutions hold shares in Cardinal Health Inc. (CAH), with 525.22k shares held by insiders accounting for 0.18% while institutional investors hold 87.89% of the company’s shares. The shares outstanding are 293.00M, and float is at 292.90M with Short Float at 1.63%. Institutions hold 87.74% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 35.86 million shares valued at $1.68 billion. The investor’s holdings represent 12.22% of the CAH Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 25.08 million shares valued at $1.18 billion to account for 8.55% of the shares outstanding. The other top investors are State Street Corporation which holds 17.33 million shares representing 5.91% and valued at over $813.74 million, while Macquarie Group Limited holds 4.20% of the shares totaling 12.32 million with a market value of $578.44 million.

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Cardinal Health Inc. (CAH): Who are the competitors?

The company’s main competitors (and peers) include Premier Inc. (PINC) that is trading -1.18% down over the past 12 months. Herbalife Nutrition Ltd. (HLF) is 7.34% up on the 1-year trading charts. Short interest in the company’s stock has risen 14.26% from the last report on Nov 12, 2020 to stand at a total of 4.09 million short shares sold with a short interest ratio of 2.01.

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