Cardinal Health, Inc [CAH] stock prices are up 1.60% to $125.24 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CAH shares have gain 2.29% over the last week, with a monthly amount glided 11.92%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Leerink Partners started tracking the stock with Outperform rating on February 26, 2024, and set its price target to $125. On February 09, 2024, upgrade upgraded it’s rating to Buy. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $117 on January 03, 2024. Wells Fargo initiated its recommendation with a Underweight and recommended $96 as its price target on December 14, 2023. Evercore ISI downgraded its rating to In-line for this stock on July 10, 2023, but kept the price target unchanged to $100. In a note dated March 31, 2023, Citigroup initiated an Neutral rating and provided a target price of $77 on this stock.
The stock price of Cardinal Health, Inc [CAH] has been fluctuating between $93.17 and $126.14 over the past year. Currently, Wall Street analysts expect the stock to reach $117.5 within the next 12 months. Cardinal Health, Inc [NYSE: CAH] shares were valued at $125.24 at the most recent close of the market. An investor can expect a potential drop of -6.18% based on the average CAH price forecast.
Analyzing the CAH fundamentals
The Cardinal Health, Inc [NYSE:CAH] reported sales of 224.50B for trailing twelve months, representing a drop of -4.54%. 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 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is -0.38 and Total Capital is 0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.58.
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 123.62 points at the first support level, and at 122.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 126.54, and for the 2nd resistance point, it is at 127.85.
Ratios To Look Out For
It’s worth pointing out that Cardinal Health, Inc [NYSE:CAH]’s Current Ratio is 0.95. Also, the Quick Ratio is 0.50, while the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 0.14 and price to earnings (TTM) ratio is 24.34.
Transactions by insiders
Recent insider trading involved Scherer Mary C., Chief Accounting Officer, that happened on Nov 14 ’24 when 3504.0 shares were sold. Chief Legal/Compliance Officer, Mayer Jessica L completed a deal on Aug 21 ’24 to sell 16573.0 shares. Meanwhile, Officer Mayer Jessica L bought 16573.0 shares on Aug 21 ’24.
