Cardinal Health, Inc [NYSE: CAH] price surged by 1.47 percent to reach at $1.82.
The one-year CAH stock forecast points to a potential upside of 1.48. The average equity rating for CAH stock is currently 2.53, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $127.21 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 2.53. 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 2.97, with the Price to Sales ratio for CAH stock in the period of the last 12 months amounting to 0.14. Price to Free Cash Flow for CAH in the course of the last twelve months was 28.59 with Quick ratio for the last quarter at 0.50.
CAH Stock Performance Analysis:
Cardinal Health, Inc [CAH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.44. With this latest performance, CAH shares gained by 11.92% in over the last four-week period, additionally plugging by 29.06% over the last 6 months – not to mention a rise of 19.43% 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 74.45, with the RSI for the last a single of trading hit 79.31, and the three-weeks RSI is set at 71.07 for Cardinal Health, Inc [CAH]. The present Moving Average for the last 50 days of trading for this stock 112.81, while it was recorded at 121.85 for the last single week of trading, and 106.09 for the last 200 days.
Insight into Cardinal Health, Inc Fundamentals:
Cardinal Health, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.95.
CAH Stock EPS
With the latest financial reports released by the company, Cardinal Health, Inc posted 1.82/share EPS, while the average EPS was predicted by analysts to be reported at 1.6/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.22. 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 13.00%.
Cardinal Health, Inc [CAH] Institutonal Ownership Details
There are presently around $89.20%, or 89.43%% of CAH stock, in the hands of institutional investors. The top three institutional holders of CAH stocks are: BLACKROCK INC. with ownership of 30.81 million shares, which is approximately 12.6808%. VANGUARD GROUP INC, holding 30.62 million shares of the stock with an approximate value of $$3.01 billion in CAH stocks shares; and VANGUARD GROUP INC, currently with $$1.33 billion in CAH stock with ownership which is approximately 5.5763%.
