1,066 institutions hold shares in Cardinal Health Inc. (CAH), with 525.66k shares held by insiders accounting for 0.18% while institutional investors hold 87.90% of the company’s shares. The shares outstanding are 294.00M, and float is at 293.15M with Short Float at 1.38%. Institutions hold 87.74% of the Float.
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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 35.71 million shares valued at $1.91 billion. The investor’s holdings represent 12.16% of the CAH Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 24.86 million shares valued at $1.33 billion to account for 8.47% of the shares outstanding. The other top investors are State Street Corporation which holds 18.2 million shares representing 6.20% and valued at over $974.69 million, while Macquarie Group Limited holds 4.12% of the shares totaling 12.1 million with a market value of $647.82 million.
Cardinal Health Inc. (NYSE: CAH) is -2.95% lower on its value in year-to-date trading and has touched a low of $39.05 and a high of $59.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CAH stock was last observed hovering at around $52.13 in the last trading session, with the day’s loss setting it -0.15% off its average median price target of $62.50 for the next 12 months. It is also 27.81% off the consensus price target high of $72.00 offered by 19 analysts, but current levels are 8.81% higher than the price target low of $57.00 for the same period.
Currently trading at $51.98, the stock is -2.92% and -4.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.2 million and changing -0.29% at the moment leaves the stock -0.66% off its SMA200. CAH registered -10.60% loss for a year compared to 6-month gain of 4.27%. The firm has a 50-day simple moving average (SMA 50) of $54.22 and a 200-day simple moving average (SMA200) of $51.81.
The stock witnessed a -6.16% loss in the last 1 month and extending the period to 3 months gives it a -0.59%, and is 0.44% up 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 1.82% over the week and 2.45% over the month.
Cardinal Health Inc. (CAH) has around 48000 employees, a market worth around $15.08B and $156.45B in sales. Current P/E ratio is 11.06 and Fwd P/E is 8.35. Profit margin for the company is 0.90%. Distance from 52-week low is 33.11% and -12.58% 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 “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 2.50, where 12 rate it as a Hold and 2 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 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 $1.56 with sales reaching $39.97B 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 2.10% in year-over-year returns.
Cardinal Health Inc. (CAH) Insider Activity
A total of 19 insider transactions have happened at Cardinal Health Inc. (CAH) in the last six months, with sales accounting for 6 and purchases happening 13 times. The most recent transaction is an insider sale by English Patricia M, the company’s Chief Accounting Officer. SEC filings show that English Patricia M sold 3,291 shares of the company’s common stock on Feb 11 at a price of $51.98 per share for a total of $0.17 million. Following the sale, the insider now owns 6085.0 shares.
Cardinal Health Inc. (CAH): Who are the competitors?
The company’s main competitors (and peers) include Premier Inc. (PINC) that is trading 11.96% up over the past 12 months. Herbalife Nutrition Ltd. (HLF) is 25.52% up on the 1-year trading charts. Short interest in the company’s stock has risen 25.25% from the last report on Dec 30, 2020 to stand at a total of 3.02 million short shares sold with a short interest ratio of 2.29.