Cardinal Health, Inc. (NYSE:CAH) shares traded 1.46% higher at $107.91 on Wall Street last session.
CAH stock price is now 9.11% away from the 50-day moving average and 4.53% away from the 200-day moving average. The market capitalization of the company currently stands at $26.28B.
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With the price target of $125, Leerink Partners recently initiated with Outperform rating for Cardinal Health, Inc. (NYSE: CAH). , while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Mayer Jessica L, Officer bought 17,896 shares of the company’s stock on Aug 15 ’24. The stock was bought for $1,905,598 at an average price of $106.48. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’23, CEO, Pharmaceutical Segment WEITZMAN DEBORAH sold 36,642 shares of the business’s stock. A total of $3,895,411 was realized by selling the stock at an average price of $106.31. This leaves the insider owning 35,202 shares of the company worth $3.8 million. A total of 0.59% of the company’s stock is owned by insiders.
During the past 12 months, Cardinal Health, Inc. has had a low of $85.11 and a high of $116.04. According to the stock market information, the enterprise value for the company is $26017200128, which is based on a 31.12 price-to-earnings ratio, a 2.82 price-to-earnings-growth ratio, and a beta of 0.60. The fifty day moving average price for CAH is $98.9002 and a two-hundred day moving average price translates $103.23655 for the stock.
The latest earnings results from Cardinal Health, Inc. (NYSE: CAH) was released for 2024-06-30. The company reported revenue of $59.71 billion for the quarter, compared to $53.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.77 percent. For the current quarter, analysts expect CAH to generate $50.49B in revenue.
