Cardinal Health Inc. (NYSE: CAH) is 12.17% higher on its value in year-to-date trading and has touched a low of $44.65 and a high of $62.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CAH stock was last observed hovering at around $59.76 in the last trading session, with the day’s gains setting it 0.32% off its average median price target of $63.00 for the next 12 months. It is also 18.81% off the consensus price target high of $74.00 offered by 18 analysts, but current levels are -5.4% lower than the price target low of $57.00 for the same period.
Currently trading at $60.08, the stock is -1.10% and 4.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing 0.54% at the moment leaves the stock 12.19% off its SMA200. CAH registered 16.77% gain for a year compared to 6-month gain of 25.09%. The firm has a 50-day simple moving average (SMA 50) of $59.86 and a 200-day simple moving average (SMA200) of $54.78.
The stock witnessed a -3.81% loss in the last 1 month and extending the period to 3 months gives it a 8.66%, and is -2.64% 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 2.02% over the week and 1.82% over the month.
Cardinal Health Inc. (CAH) has around 48000 employees, a market worth around $17.44B and $156.45B in sales. Current P/E ratio is 12.79 and Fwd P/E is 9.63. Profit margin for the company is 0.90%. Distance from 52-week low is 34.56% and -4.57% 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”. 18 analysts offering their recommendations for the stock have an average rating of 2.40, where 11 rate it as a Hold and 1 think it is a “Overweight”. 6 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 08/04/2021 and quarterly earnings per share for the current quarter are estimated at $1.55 with sales reaching $40B 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) Top Institutional Holders
1,109 institutions hold shares in Cardinal Health Inc. (CAH), with 510.98k shares held by insiders accounting for 0.17% while institutional investors hold 87.34% of the company’s shares. The shares outstanding are 294.00M, and float is at 293.15M with Short Float at 1.31%. Institutions hold 87.19% of the Float.
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. (CAH) Insider Activity
A total of 20 insider transactions have happened at Cardinal Health Inc. (CAH) in the last six months, with sales accounting for 8 and purchases happening 12 times. The most recent transaction is an insider sale by Mayer Jessica L, the company’s Chief Legal/Compliance Officer. SEC filings show that Mayer Jessica L sold 3,500 shares of the company’s common stock on Feb 26 at a price of $51.53 per share for a total of $0.18 million. Following the sale, the insider now owns 12616.0 shares.
Cardinal Health Inc. disclosed in a document filed with the SEC on Feb 11 that English Patricia M (Chief Accounting Officer) sold a total of 3,291 shares of the company’s common stock. The trade occurred on Feb 11 and was made at $51.98 per share for $0.17 million. Following the transaction, the insider now directly holds 6085.0 shares of the CAH stock.
Cardinal Health Inc. (CAH): Who are the competitors?
The company’s main competitors (and peers) include Premier Inc. (PINC) that is trading 6.26% up over the past 12 months. Herbalife Nutrition Ltd. (HLF) is 23.80% up on the 1-year trading charts. Short interest in the company’s stock has risen 9.43% from the last report on Apr 14, 2021 to stand at a total of 3.84 million short shares sold with a short interest ratio of 2.13.