Cardinal Health, Inc. (CAH) concluded trading on Thursday at a closing price of $99.62, with 2.35 million shares of worth about $234.33 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.50% during that period and on June 27, 2024 the price saw a loss of about -1.46%. Currently the company’s common shares owned by public are about 251.00M shares, out of which, 242.13M shares are available for trading.
Stock saw a price change of -4.55% in past 5 days and over the past one month there was a price change of 5.14%. Year-to-date (YTD), CAH shares are showing a performance of -1.17% which increased to 7.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $85.11 but also hit the highest price of $116.04 during that period. The average intraday trading volume for Cardinal Health, Inc. shares is 1.98 million. The stock is currently trading -0.73% below its 20-day simple moving average (SMA20), while that difference is down -0.84% for SMA50 and it goes to -2.24% lower than SMA200.
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Cardinal Health, Inc. (NYSE: CAH) currently have 251.00M outstanding shares and institutions hold larger chunk of about 90.64% of that.
The stock has a current market capitalization of $24.26B and its 3Y-monthly beta is at 0.63. PE ratio of stock for trailing 12 months is 44.16, while it has posted earnings per share of $2.26 in the same period. Its PEG reads 4.00 and has Quick Ratio of 0.51. 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 2.27% while standing at 2.10% over the month.
Stock’s fiscal year EPS is expected to rise by 27.10% while it is estimated to increase by 2.31% in next year. EPS is likely to grow at an annualized rate of 11.03% 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 Leerink Partners on February 26, 2024 offering an Outperform rating for the stock and assigned a target price of $125 to it. On January 03, 2024, Barclays Initiated their recommendations, while on December 14, 2023, Wells Fargo Initiated their ratings for the stock with a price target of $96. Stock get an In-line rating from Evercore ISI on July 10, 2023.
