Market Watch Highlights: Cardinal Health, Inc. (CAH) Ends on an Upturn Note at 104.37

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As of close of business last night, Cardinal Health, Inc.’s stock clocked out at $104.37, up 0.27% from its previous closing price of $104.09. In other words, the price has increased by $0.27 from its previous closing price. On the day, 2.47 million shares were traded. CAH stock price reached its highest trading level at $105.32 during the session, while it also had its lowest trading level at $103.95.

Ratios:

To gain a deeper understanding of CAH’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.66. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.98.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Leerink Partners on February 26, 2024, initiated with a Outperform rating and assigned the stock a target price of $125.

On January 03, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $117.Barclays initiated its Overweight rating on January 03, 2024, with a $117 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 27 ’23 when WEITZMAN DEBORAH sold 36,642 shares for $106.31 per share. The transaction valued at 3,895,411 led to the insider holds 35,202 shares of the business.

WEITZMAN DEBORAH sold 6,712 shares of CAH for $602,805 on Aug 28 ’23. The CEO, Pharmaceutical Segment now owns 44,202 shares after completing the transaction at $89.81 per share. On Aug 18 ’23, another insider, Scherer Mary C., who serves as the Chief Accounting Officer of the company, sold 20,695 shares for $86.27 each. As a result, the insider received 1,785,358 and left with 10,649 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CAH now has a Market Capitalization of 25421088768 and an Enterprise Value of 27560083456. As of this moment, Cardinal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.26, and their Forward P/E ratio for the next fiscal year is 13.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12. Its current Enterprise Value per Revenue stands at 0.125 whereas that against EBITDA is 9.903.

Stock Price History:

The Beta on a monthly basis for CAH is 0.63, which has changed by 0.13791978 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, CAH has reached a high of $116.04, while it has fallen to a 52-week low of $85.11. The 50-Day Moving Average of the stock is 3.55%, while the 200-Day Moving Average is calculated to be 2.82%.

Shares Statistics:

It appears that CAH traded 1.92M shares on average per day over the past three months and 2005950 shares per day over the past ten days. A total of 251.00M shares are outstanding, with a floating share count of 242.13M. Insiders hold about 0.59% of the company’s shares, while institutions hold 90.81% stake in the company. Shares short for CAH as of 1715731200 were 8048557 with a Short Ratio of 3.57, compared to 1713139200 on 8705430. Therefore, it implies a Short% of Shares Outstanding of 8048557 and a Short% of Float of 4.4099998000000005.

Dividends & Splits

With its trailing 12-month dividend rate of 2.002, CAH has a forward annual dividend rate of 2.00. Against a Trailing Annual Dividend Yield of 0.019233357The stock’s 5-year Average Dividend Yield is 3.2. The current Payout Ratio is 199.53% for CAH, which recently paid a dividend on 2024-03-28 with an ex-dividend date of 1719792000. Stock splits for the company last occurred on 2001-04-23 when the company split stock in a 3:2 ratio.

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