Cardinal Health, Inc [NYSE: CAH] price plunged by -0.32 percent to reach at -$0.41.
The one-year CAH stock forecast points to a potential upside of 12.19. The average equity rating for CAH stock is currently 1.84, trading closer to a bullish pattern in the stock market.
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 $144.64 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 1.84. 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.
Jefferies have made an estimate for Cardinal Health, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 05, 2025. While these analysts kept the previous recommendation, TD Cowen raised their target price from $130 to $144. The new note on the price target was released on January 08, 2025, representing the official price target for Cardinal Health, Inc stock. Previously, the target price had yet another raise to $140, while Evercore ISI analysts kept a Outperform rating on CAH stock. On January 06, 2025, analysts increased their price target for CAH shares from 132 to 145.
The Average True Range (ATR) for Cardinal Health, Inc is set at 2.50, with the Price to Sales ratio for CAH stock in the period of the last 12 months amounting to 0.14.
CAH Stock Performance Analysis:
Cardinal Health, Inc [CAH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.36. With this latest performance, CAH shares gained by 1.47% in over the last four-week period, additionally plugging by 10.77% over the last 6 months – not to mention a rise of 12.76% 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 50.82, with the RSI for the last a single of trading hit 47.94, and the three-weeks RSI is set at 52.76 for Cardinal Health, Inc [CAH]. The present Moving Average for the last 50 days of trading for this stock 125.06, while it was recorded at 127.88 for the last single week of trading, and 112.34 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 0.54 and a Current Ratio set at 1.02.
CAH Stock EPS
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 9.60%.
Cardinal Health, Inc [CAH] Institutonal Ownership Details
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 5.5308%.
