Cardinal Health Inc. (NYSE:CAH) saw a downside of -1.34% to $47.42 after subtracting -$0.64 on Wednesday. The 5-day average trading volume is 2,311,355 shares of the company’s common stock. It has gained $49.76 in the past week. An average of 3,928,764 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,166,906.
CAH’s 1-month performance is -9.24% or -$5.60 on its low of $47.20 reached on 10/13/21. The company’s shares have touched a 52-week low of $44.92 and high of $62.96, with the stock’s rally to the 52-week high happening on 03/30/21. YTD, CAH has lost -10.27% or -$6.22. However, the current price is down -24.69%% from the 52-week high price.
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On Feb 26, 229 days have gone by since the last insider trading activity for Cardinal Health Inc. (CAH). Mayer Jessica L (Chief Legal/Compliance Officer) most recently sold 3,500 shares at $51.53 per share on Feb 26. This transaction cost the insider $180,355. Chief Accounting Officer, English Patricia M, sold 3,291 shares at a price of $51.98 on Feb 11.
The company’s PE ratio for the last five years has touched a high of 501.40 and a low of 9.110. CAH stock has a beta of 1.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.08 while the price-to-book (PB) in the most recent quarter is 7.75, with the price to cash flow ratio at 10.18.
Cardinal Health Inc. pays an annual dividend of $1.96 per share. Its dividend yield is 4.13% and the payout ratio is 93.20%. CAH paid $0.4910 a share compared with prior rate of $0.4908, up 0.04% from last year’s. The company has boosted its dividend for the last 34 consecutive years with the latest dividend increase of $0.0002 reported on Thursday August 5 2021. Measured over the last 3 years, the Dividend has been growing by 5.59% yearly.
It is projected that Cardinal Health Inc.’s next ex-dividend date will be on 31-Dec-2021. CAH is expected to distribute $0.4908 as its next dividend.
Cardinal Health Inc.’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 1.10 meaning that CAH stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 3.00, while the total debt to equity was 3.48. In terms of profitability, the gross margin trailing 12 months is 4.20%. The trailing 12-month EBITDA margin is 1.61% while for the period ending June 29; Cardinal Health Inc.’s operating margin was 0.30%. The firm’s gross profit as reported stood at $6.78 billion against revenue of $162.47 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CAH to announce $1.2 per share in earnings in its latest quarter, but it posted $0.77, representing a -35.80% surprise. EBITDA for the quarter stood at more than $342.0 million. CAH stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 42.66 billion, with total debt at $6.71 billion. Shareholders hold equity totaling $290.44 million
Let’s look briefly at Cardinal Health Inc. (CAH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 20.83% to suggest the stock is trending oversold, with historical volatility in this time period at 13.01%.
The stock’s 5-day moving average is $48.37, reflecting a -2.70% or -$1.31 change from its current price. CAH is currently trading -10.70% above its 20-day SMA, -17.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -20.60% and -11.77% respectively.
Stochastic %K and %D was 11.26% and 17.61% and the average true range (ATR) pointed at 1.01. The RSI (14) points at 26.12%, while the 14-day stochastic is at 3.09% with the period’s ATR at 1.04. The stock’s 9-day MACD Oscillator is pointing at -0.76 and -1.54 on the 14-day charts.
In the most recent analyst report for Cardinal Health Inc. (NYSE: CAH), Deutsche Bank downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for CAH stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate CAH as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 2 have offered a “buy” rating.
What is CAH’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $50.00 and a high of $68.00, with their median price target at $56.00. Looking at these predictions, the average price target given by analysts is for Cardinal Health Inc. (CAH) stock is $57.54.