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In the latest session, Cardinal Health, Inc. (NYSE: CAH) closed at $96.54 down -1.25% from its previous closing price of $97.76. In other words, the price has decreased by -$1.25 from its previous closing price. On the day, 1.82 million shares were traded. CAH stock price reached its highest trading level at $97.77 during the session, while it also had its lowest trading level at $96.09.
Ratios:
For a deeper understanding of Cardinal Health, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.71. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 23811106816 and an Enterprise Value of 25652953088. As of this moment, Cardinal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.79, and their Forward P/E ratio for the next fiscal year is 12.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11. Its current Enterprise Value per Revenue stands at 0.116 whereas that against EBITDA is 9.218.
Stock Price History:
The Beta on a monthly basis for CAH is 0.62, which has changed by 0.02018392 over the last 52 weeks, in comparison to a change of 0.23886502 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 -3.45%, while the 200-Day Moving Average is calculated to be -5.40%.
Shares Statistics:
For the past three months, CAH has traded an average of 2.04M shares per day and 2660330 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 90.67% stake in the company. Shares short for CAH as of 1718323200 were 7425717 with a Short Ratio of 3.64, compared to 1715731200 on 8048557. Therefore, it implies a Short% of Shares Outstanding of 7425717 and a Short% of Float of 4.0700004.
Dividends & Splits
According to the company, the forward annual dividend rate for CAH is 2.51, from 2.002 in the trailing year. Against a Trailing Annual Dividend Yield of 0.020478724The stock’s 5-year Average Dividend Yield is 3.17. The current Payout Ratio is 199.53% for CAH, which recently paid a dividend on 2024-07-01 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.
