Cardinal Health, Inc. [NYSE: CAH] gained 3.68% on the last trading session, reaching $106.36 price per share at the time.
If compared to the average trading volume of 1.94M shares, CAH reached a trading volume of 4239531 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 $115.13 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 2.28. 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.
Leerink Partners have made an estimate for Cardinal Health, Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 26, 2024. The new note on the price target was released on February 09, 2024, representing the official price target for Cardinal Health, Inc. stock. Previously, the target price had yet another raise to $117, while Barclays analysts kept a Overweight rating on CAH stock.
The Average True Range (ATR) for Cardinal Health, Inc. is set at 2.70, with the Price to Sales ratio for CAH stock in the period of the last 12 months amounting to 0.12. Price to Free Cash Flow for CAH in the course of the last twelve months was 12.90 with Quick ratio for the last quarter at 0.51.
Trading performance analysis for CAH stock
Cardinal Health, Inc. [CAH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.67. With this latest performance, CAH shares gained by 11.48% in over the last four-week period, additionally plugging by 1.92% over the last 6 months – not to mention a rise of 14.38% 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 70.07, with the RSI for the last a single of trading hit 75.87, and the three-weeks RSI is set at 65.38 for Cardinal Health, Inc. [CAH]. The present Moving Average for the last 50 days of trading for this stock 98.90, while it was recorded at 101.84 for the last single week of trading, and 103.24 for the last 200 days.
Cardinal Health, Inc. [CAH]: A deeper dive into fundamental analysis
Cardinal Health, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.51 and a Current Ratio set at 0.98.
Cardinal Health, Inc. [CAH]: An earnings per share (EPS) analysis
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 11.03%.
An analysis of Institutional ownership at Cardinal Health, Inc. [CAH]
The top three institutional holders of CAH stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CAH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CAH stock with ownership which is approximately 5.1238%.
