Cardinal Health Stock Today
| CAH Stock | USD 106.52 0.65 0.61% |
Performance1 of 100
| Odds Of DistressLess than 6
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Cardinal Health is trading at 106.52 as of the 18th of April 2024. This is a -0.61 percent decrease since the beginning of the trading day. The stock's open price was 107.17. Cardinal Health has only a 6 % chance of going through financial distress over the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Cardinal Health are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 31st of December 1987 | Category Healthcare | Classification Health Care |
Cardinal Health, Inc. operates as an integrated healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. The company was incorporated in 1979 and is headquartered in Dublin, Ohio. Cardinal Health operates under Medical Distribution classification in the United States and is traded on New York Stock Exchange. The company has 243.23 M outstanding shares of which 9.04 M shares are currently shorted by investors with about 3.4 days to cover. More on Cardinal Health
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Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
Cardinal Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cardinal Health's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cardinal Health or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Cardinal Health's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Cardinal Health's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | Michael Kaufmann | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | Showing 3 out of 5 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Providers & Services, Health Care Equipment & Services, Health Care, NYSE Composite, Drugs, Stores, Wholesale, Macroaxis Picks, Obamacare Repeal, Health Care, Health Care Providers & Services, Medical Distribution, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Excise Tax Activities | Animal Testing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Cardinal Health report their recommendations after researching Cardinal Health's financial statements, talking to executives and customers, or listening in on Cardinal Health's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Cardinal Health. The Cardinal consensus assessment is calculated by taking the average forecast from all of the analysts covering Cardinal Health. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators obtained from Cardinal Health's historical financial statements, Cardinal Health may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Cardinal Health is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Cardinal Health's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Cardinal Health's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Cardinal Health's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Cardinal Health's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cardinal Health's financial leverage. It provides some insight into what part of Cardinal Health's total assets is financed by creditors.
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Cardinal Health (CAH) is traded on New York Stock Exchange in USA. It is located in 7000 Cardinal Place, Dublin, OH, United States, 43017 and employs 47,040 people. Cardinal Health is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 26.07 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cardinal Health's market, we take the total number of its shares issued and multiply it by Cardinal Health's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cardinal Health runs under Health Care Providers & Services sector within Health Care industry. The entity has 243.23 M outstanding shares of which 9.04 M shares are currently shorted by investors with about 3.4 days to cover.
Cardinal Health has about 4.04 B in cash with 2.84 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.32.
Check Cardinal Health Probability Of Bankruptcy
Ownership AllocationCardinal Health holds a total of 243.23 Million outstanding shares. The majority of Cardinal Health outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Cardinal Health to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Cardinal Health. Please pay attention to any change in the institutional holdings of Cardinal Health as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Cardinal Ownership Details
Cardinal Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Cardinal Health jumping above the current price in 90 days from now is about 67.04%. The Cardinal Health probability density function shows the probability of Cardinal Health stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Cardinal Health has a beta of -0.0155 suggesting as returns on the benchmark increase, returns on holding Cardinal Health are expected to decrease at a much lower rate. During a bear market, however, Cardinal Health is likely to outperform the market. Additionally, cardinal Health has an alpha of 0.0163, implying that it can generate a 0.0163 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Cardinal Health to move above the current price in 90 days from now is about 67.04 (This Cardinal Health probability density function shows the probability of Cardinal Stock to fall within a particular range of prices over 90 days) .
Cardinal Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Cardinal Health that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cardinal Health's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Cardinal Health's value.| Instituion | Recorded On | Shares | |
| Aqr Capital Management Llc | 2023-12-31 | 2.9 M | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 2.7 M | |
| Pacer Advisors, Inc. | 2023-12-31 | 2.6 M | |
| Norges Bank | 2023-12-31 | 2.6 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 2.6 M | |
| Legal & General Group Plc | 2023-12-31 | 2.5 M | |
| Lsv Asset Management | 2023-12-31 | 2.5 M | |
| Amundi | 2023-12-31 | 2.2 M | |
| Nuveen Asset Management, Llc | 2023-12-31 | 2 M | |
| Vanguard Group Inc | 2023-12-31 | 31.3 M | |
| Blackrock Inc | 2023-12-31 | 26.1 M |
Cardinal Health Historical Income Statement
Cardinal Health Income Statement is one of the three primary financial statements used for reporting Cardinal's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cardinal Health revenue and expense. Cardinal Health Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Cardinal Health's Total Revenue is increasing as compared to previous years. The Cardinal Health's current Gross Profit is estimated to increase to about 8.3 B, while EBIT is projected to decrease to under 1.5 B. View More FundamentalsCardinal Stock Against Markets
Picking the right benchmark for Cardinal Health stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cardinal Health stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cardinal Health is critical whether you are bullish or bearish towards Cardinal Health at a given time. Please also check how Cardinal Health's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cardinal Health without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Cardinal Health Corporate Directors
Cardinal Health corporate directors refer to members of a Cardinal Health board of directors. The board of directors generally takes responsibility for the Cardinal Health's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Cardinal Health's board members must vote for the resolution. The Cardinal Health board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| John Losh | Independent Director | Profile | |
| David Anderson | Independent Director | Profile | |
| Nancy Killefer | Independent Director | Profile | |
| Patricia Hall | Independent Director | Profile |
How to buy Cardinal Stock?
Before investing in Cardinal Health, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cardinal Health. To buy Cardinal Health stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cardinal Health. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cardinal Health stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cardinal Health stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cardinal Health stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cardinal Health, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Cardinal Stock please use our How to Invest in Cardinal Health guide.
Already Invested in Cardinal Health?
The danger of trading Cardinal Health is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cardinal Health is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cardinal Health. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cardinal Health is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cardinal Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cardinal Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cardinal Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cardinal Health Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.Note that the Cardinal Health information on this page should be used as a complementary analysis to other Cardinal Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Cardinal Stock analysis
When running Cardinal Health's price analysis, check to measure Cardinal Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.
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Is Cardinal Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cardinal Health. If investors know Cardinal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cardinal Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.95) | Dividend Share 1.998 | Earnings Share 2.52 | Revenue Per Share 859.435 | Quarterly Revenue Growth 0.116 |
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardinal Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.