Cardinal Health, Inc. [CAH] stock prices are down -0.28% to $111.92 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CAH shares have lost -0.56% over the last week, with a monthly amount glided 1.57%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cardinal Health, Inc. [NYSE: CAH] stock has seen the most recent analyst activity on February 26, 2024, when Leerink Partners initiated its Outperform rating and assigned the stock a price target of $125. Previously, Argus upgraded its rating to Buy on February 09, 2024. On January 03, 2024, Barclays initiated with a Overweight rating and assigned a price target of $117 on the stock. Wells Fargo started tracking the stock assigning a Underweight rating and suggested a price target of $96 on December 14, 2023. Evercore ISI downgraded its rating to a In-line but $100 remained the price target by the analyst firm on July 10, 2023. Citigroup started tracking with a Neutral rating for this stock on March 31, 2023, and assigned it a price target of $77. In a note dated February 03, 2023, Robert W. Baird upgraded an Outperform rating on this stock and boosted its target price from $87 to $94.
The stock price of Cardinal Health, Inc. [CAH] has been fluctuating between $90.19 and $116.05 over the past year. Currently, Wall Street analysts expect the stock to reach $100.64 within the next 12 months. Cardinal Health, Inc. [NYSE: CAH] shares were valued at $111.92 at the most recent close of the market. An investor can expect a potential drop of -10.08% based on the average CAH price forecast.
Analyzing the CAH fundamentals
The Cardinal Health, Inc. [NYSE:CAH] reported sales of 226.99B for trailing twelve months, representing a surge of 12.00%. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is -0.25 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 111.26 points at the first support level, and at 110.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 112.74, and for the 2nd resistance point, it is at 113.56.
Ratios To Look Out For
It’s worth pointing out that Cardinal Health, Inc. [NYSE:CAH]’s Current Ratio is 0.98. On the other hand, the Quick Ratio is 0.56, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.12 and price to earnings (TTM) ratio is 32.27.
Transactions by insiders
Recent insider trading involved Mayer Jessica L, Chief Legal/Compliance Officer, that happened on Aug 21 ’24 when 16573.0 shares were sold. Officer, Mayer Jessica L completed a deal on Aug 21 ’24 to buy 16573.0 shares. Meanwhile, Chief Legal/Compliance Officer Mayer Jessica L sold 17896.0 shares on Aug 15 ’24.
