Cardinal Health, Inc. (CAH) concluded trading on Thursday at a closing price of $110.35, with 2.47 million shares of worth about $272.44 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.21% during that period and on October 03, 2024 the price saw a gain of about 0.13%. Currently the company’s common shares owned by public are about 244.00M shares, out of which, 241.29M shares are available for trading.
Stock saw a price change of 1.03% in past 5 days and over the past one month there was a price change of -3.13%. Year-to-date (YTD), CAH shares are showing a performance of 9.47% which increased to 27.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $86.24 but also hit the highest price of $116.05 during that period. The average intraday trading volume for Cardinal Health, Inc. shares is 1.91 million. The stock is currently trading -0.99% below its 20-day simple moving average (SMA20), while that difference is up 2.51% for SMA50 and it goes to 5.49% higher than SMA200.
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Cardinal Health, Inc. (NYSE: CAH) currently have 244.00M outstanding shares and institutions hold larger chunk of about 89.99% of that.
The stock has a current market capitalization of $26.70B and its 3Y-monthly beta is at 0.61. PE ratio of stock for trailing 12 months is 31.82, while it has posted earnings per share of $3.47 in the same period. Its PEG reads 3.20 and has Quick Ratio of 0.56. 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 0.86% while standing at 1.55% over the month.
Stock’s fiscal year EPS is expected to rise by 1.39% while it is estimated to increase by 10.73% in next year. EPS is likely to grow at an annualized rate of 9.95% for next 5-years, compared to annual growth of -5.30% 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.
