Cardinal Health, Inc. (CAH) concluded trading on Wednesday at a closing price of $109.19, with 5.6 million shares of worth about $611.75 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.15% during that period and on Wednesday, January 31 the price saw a gain of about 1.99%. Currently the company’s common shares owned by public are about 251.00M shares, out of which, 244.93M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 56 times over the past 12 months. They bought 312,554 shares in 33 of the transactions. In 23 selling transactions, insiders dumped 241,997 shares.
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Stock saw a price change of 4.63% in past 5 days and over the past one month there was a price change of 8.32%. Year-to-date (YTD), CAH shares are showing a performance of 8.32% which increased to 41.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $68.53 but also hit the highest price of $108.85 during that period. The average intraday trading volume for Cardinal Health, Inc. shares is 2.14 million. The stock is currently trading 3.71% above its 20-day simple moving average (SMA20), while that difference is up 4.30% for SMA50 and it goes to 17.05% higher than SMA200.
Cardinal Health, Inc. (NYSE: CAH) currently have 251.00M outstanding shares and institutions hold larger chunk of about 88.85% of that.
The stock has a current market capitalization of $26.91B and its 3Y-monthly beta is at 0.70. PE ratio of stock for trailing 12 months is 179.83, while it has posted earnings per share of $0.61 in the same period. Its PEG reads 11.03 and has Quick Ratio of 0.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CAH, volatility over the week remained 1.95% while standing at 1.87% over the month.
Analysts are in expectations that Cardinal Health, Inc. (CAH) stock would likely to be making an EPS of $Canaan Inc. in the current quarter, while forecast for next quarter EPS is $1.44 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $ConAgra Brands, Inc. which is $Cardinal Health, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $CRH PLC in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 20.38% while it is estimated to increase by 11.68% in next year. EPS is likely to grow at an annualized rate of 16.31% for next 5-years, compared to annual growth of 4.23% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on January 03, 2024 offering an Overweight rating for the stock and assigned a target price of $117 to it.
