Cardinal Health (NYSE:CAH) Hits New 52-Week High – What’s Next?

Cardinal Health, Inc. (NYSE:CAH) shares reached a new 52-week high on Monday . The company traded as high as $212.06 and last traded at $211.5210, with a volume of 348257 shares traded. The stock had previously closed at $209.48.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Evercore ISI raised their price objective on shares of Cardinal Health from $190.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Mizuho raised their price target on Cardinal Health from $170.00 to $210.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Robert W. Baird set a $232.00 price objective on Cardinal Health in a research note on Friday, October 31st. Citigroup increased their target price on Cardinal Health from $165.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Wells Fargo & Company boosted their price target on Cardinal Health from $185.00 to $221.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $206.57.

Cardinal Health Stock Down 0.2%

The company has a market capitalization of $50.67 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72. The business has a 50 day moving average of $173.75 and a 200 day moving average of $162.14.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.33. Cardinal Health had a negative return on equity of 74.45% and a net margin of 0.70%.The business had revenue of $64.01 billion for the quarter, compared to analysts’ expectations of $59.41 billion. During the same period in the prior year, the firm earned $1.88 EPS. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. On average, research analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a $0.5107 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, January 2nd. Cardinal Health’s dividend payout ratio (DPR) is presently 30.77%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CAH. Latitude Advisors LLC lifted its position in shares of Cardinal Health by 2.1% during the 3rd quarter. Latitude Advisors LLC now owns 2,598 shares of the company’s stock valued at $408,000 after acquiring an additional 53 shares during the period. MFA Wealth Services increased its stake in Cardinal Health by 2.3% in the 3rd quarter. MFA Wealth Services now owns 2,491 shares of the company’s stock valued at $391,000 after purchasing an additional 55 shares in the last quarter. Vertex Planning Partners LLC raised its holdings in Cardinal Health by 3.7% during the third quarter. Vertex Planning Partners LLC now owns 1,702 shares of the company’s stock worth $267,000 after purchasing an additional 60 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Cardinal Health by 3.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,767 shares of the company’s stock worth $297,000 after purchasing an additional 62 shares in the last quarter. Finally, WESPAC Advisors LLC grew its holdings in Cardinal Health by 1.0% in the third quarter. WESPAC Advisors LLC now owns 6,644 shares of the company’s stock valued at $1,043,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

About Cardinal Health

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.