Cardinal Health, Inc [NYSE: CAH] gained 0.02% or 0.03 points to close at $127.76 with a heavy trading volume of 3608457 shares.
The daily chart for CAH points out that the company has recorded 30.13% gains over the past six months.
If we look at the average trading volume of 2.23M shares, CAH reached to a volume of 3608457 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $138.57 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 1.95. 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.
TD Cowen have made an estimate for Cardinal Health, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 08, 2025. The new note on the price target was released on January 07, 2025, representing the official price target for Cardinal Health, Inc stock. Previously, the target price had yet another raise from $132 to $145, while BofA Securities kept a Buy rating on CAH stock. On December 13, 2024, analysts increased their price target for CAH shares from 101 to 127.
The Average True Range (ATR) for Cardinal Health, Inc is set at 2.31, 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 29.14 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 -0.77. With this latest performance, CAH shares gained by 7.18% in over the last four-week period, additionally plugging by 30.13% over the last 6 months – not to mention a rise of 20.87% 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 62.00, with the RSI for the last a single of trading hit 60.52, and the three-weeks RSI is set at 61.43 for Cardinal Health, Inc [CAH]. The present Moving Average for the last 50 days of trading for this stock 121.72, while it was recorded at 128.87 for the last single week of trading, and 109.21 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 0.50 and a Current Ratio set at 0.95.
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 8.74%.
An analysis of Institutional ownership at Cardinal Health, Inc [CAH]
There are presently around $87.78%, or 88.00%% 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%.
