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Sunday, December 3, 2023

What Are The Chances Of Cardinal Health, Inc. (NYSE: CAH) Becoming A Clear Buy?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Cardinal Health, Inc. (CAH) shows that investor sentiment remained same, with the stock’s consolidated last price to $103.00. The Cardinal Health, Inc. has recorded 312,743 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Cardinal Health Reports First Quarter Fiscal 2024 Results and Raises Fiscal 2024 Outlook.

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Stocks Info

CAH belongs to the Healthcare sector of the NYSE while operating in the Medical Distribution industry. At the end of the last regular session, the stock closed at $103.00 and fluctuated between $103.30 as its day high and $101.32 as its day low. The current market capitalization of Cardinal Health, Inc. is $25.37B. A total of 2.81 million shares were traded on the day, compared to an average of 2.23M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CAH has seen 16 BUY and 18 SELL insider trades, representing the acquisition of 157,932 and the disposition of 231,152 shares. Over the last 12 months, there were 38 BUYs and 26 SELLs from insiders. Insiders purchased 321,481 shares during that period but sold 244,173.

In the most recent transaction, WEITZMAN DEBORAH sold 6,712 shares of CAH for 89.81 per share on Aug 28. After the transaction, the CEO, Pharmaceutical Segment now owns 44,202 company shares. In a previous transaction on Aug 18, Scherer Mary C. sold 20,695 shares at 86.27 per share. CAH shares that Chief Accounting Officer owns now total 10,649.

Among the insiders who sold shares, Mason Stephen M disposed of 37,500 shares on Aug 17 at a per-share price of $87.32. This resulted in the CEO, Medical Segment holding 37,355 shares of CAH after the transaction. In another insider transaction, Snow Ola M sold 26,324 shares at $87.41 per share on Aug 17. Company shares held by the Chief Human Resources Officer now total 25,762.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Cardinal Health, Inc. pays an annual dividend of $2.04, resulting in a dividend yield of 1.98%, and it has a price to earnings (P/E) ratio of 169.63. CAH’s most recent ex-dividend date was 10/2/2023 when it declared a $0.5006 quarterly dividend that was paid in cash on 10/15/2023. Previously, the company paid the dividend on 7/15/2023 with an ex-dividend date of 6/30/2023. The CAH stock dividend was $0.5006 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CAH in the last 3 months, the mean price target is $104.05 with high estimates of $126.00 and low estimates of $78.70. In terms of 52-week highs and lows, CAH has a high of $102.46 and a low of $68.53.

As of this writing, CAH has an earnings estimate of $1.4 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.49 per share and a lower estimate of $1.34. The company reported an EPS of $1.74 in the last quarter, which was 16.80% higher than expectations of $1.49.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CAH’s latest balance sheet shows that the firm has $4.72B in Cash & Short Term Investments as of fiscal 2022. There were $5.32B in debt and $30.55B in liabilities at the time. Its Book Value Per Share was -$14.13, while its Total Shareholder’s Equity was -$706.00M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CAH is Buy with a score of 3.42.

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