Cardinal Health Inc. [NYSE: CAH] loss -1.54% or -0.84 points to close at $53.66 with a heavy trading volume of 2099683 shares. It opened the trading session at $54.51, the shares rose to $54.63 and dropped to $53.50, the range by which the price of stock traded the whole day. The daily chart for CAH points out that the company has recorded -0.07% loss over the past six months. However, it is still -37.41% lower than its most recent low trading price.
If we look at the average trading volume of 2.67M shares, CAH reached to a volume of 2099683 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Cardinal Health Inc. [CAH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CAH shares is $57.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CAH stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Cardinal Health Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 15, 2020. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Neutral. The new note on the price target was released on April 23, 2020, representing the official price target for Cardinal Health Inc. stock. Previously, the target price had yet another raise from $57 to $58, while BofA/Merrill kept a Buy rating on CAH stock.
The Average True Range (ATR) for Cardinal Health Inc. is set at 2.17, with the Price to Sales ratio for CAH stock in the period of the last 12 months amounting to 0.10. The Price to Book ratio for the last quarter was 13.02, with the Price to Cash per share for the same quarter was set at 8.04. Price to Free Cash Flow for CAH in the course of the last twelve months was 12.14 with Quick ratio for the last quarter at 0.50.
Trading performance analysis for CAH stock
Cardinal Health Inc. [CAH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.26. With this latest performance, CAH shares gained by 2.78% in over the last four-week period, additionally sinking by -0.07% over the last 6 months – not to mention a rise of 20.48% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CAH stock in for the last two-week period is set at 49.43, with the RSI for the last a single of trading hit 46.63, and the three-weeks RSI is set at 51.63 for Cardinal Health Inc. [CAH]. The present Moving Average for the last 50 days of trading for this stock 51.70, while it was recorded at 53.40 for the last single week of trading, and 51.21 for the last 200 days.
Cardinal Health Inc. [CAH]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Cardinal Health Inc. [CAH] shares currently have an operating margin of +1.25 and a Gross Margin at +4.33. Cardinal Health Inc.’s Net Margin is presently recorded at +0.94.
Return on Total Capital for CAH is now 12.36, given the latest momentum, and Return on Invested Capital for the company is 9.74. Return on Equity for this stock inclined to 22.01, with Return on Assets sitting at 3.37. When it comes to the capital structure of this company, Cardinal Health Inc. [CAH] has a Total Debt to Total Equity ratio set at 126.91. Additionally, CAH Total Debt to Total Capital is recorded at 55.93, with Total Debt to Total Assets ending up at 19.61. Long-Term Debt to Equity for the company is recorded at 119.77, with the Long-Term Debt to Total Capital now at 52.78.
Reflecting on the efficiency of the workforce at the company, Cardinal Health Inc. [CAH] managed to generate an average of $27,535 per employee. Receivables Turnover for the company is 17.87 with a Total Asset Turnover recorded at a value of 3.60.Cardinal Health Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.00.
Cardinal Health Inc. [CAH]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Cardinal Health Inc. posted 1.11/share EPS, while the average EPS was predicted by analysts to be reported at 0.93/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 19.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CAH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cardinal Health Inc. go to 4.73%.
An analysis of insider ownership at Cardinal Health Inc. [CAH]
There are presently around $13,667 million, or 88.10% of CAH stock, in the hands of institutional investors. The top three institutional holders of CAH stocks are: VANGUARD GROUP INC with ownership of 36,602,181, which is approximately 2.737% of the company’s market cap and around 0.16% of the total institutional ownership; BLACKROCK INC., holding 23,019,406 shares of the stock with an approximate value of $1.25 billion in CAH stocks shares; and STATE STREET CORP, currently with $1.09 billion in CAH stock with ownership of nearly -7.366% of the company’s market capitalization.
Positions in Cardinal Health Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 358 institutional holders increased their position in Cardinal Health Inc. [NYSE:CAH] by around 23,507,960 shares. Additionally, 353 investors decreased positions by around 31,354,425 shares, while 102 investors held positions by with 195,904,883 shares. The mentioned changes placed institutional holdings at 250,767,268 shares, according to the latest SEC report filing. CAH stock had 99 new institutional investments in for a total of 8,496,177 shares, while 80 institutional investors sold positions of 1,752,554 shares during the same period.