Stock To Watch: Cardinal Health, Inc. (NYSE:CAH)


The leading market experts have placed a mean price target of $90.80 on Cardinal Health, Inc. (NYSE:CAH) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.39 a share for the upcoming quarter and $5.24 for the current fiscal. Technical View The technical analysis of Cardinal Health, Inc. Common St plainly substantiates that the 50-day moving average of Cardinal Health, Inc. Common St is $79.12, and stock is hovering 3.94 or +4.98% distant from $79.12. It is noted that the 200-day MA is $80.58, and Cardinal Health, Inc. Common St stock is $2.48 or +3.08% off from this point. Cardinal Health, Inc. (NYSE:CAH) 52-week high is $91.23 and the 52-week low is $73.25. This explains if the stock moves $-8.17, it will post a 52-week high. In event of $+13.39% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Cardinal Health, Inc. Common St, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Cardinal Health, Inc. (NYSE:CAH) ratio came in at 19.88. The stock last ended the trading session at $83.06 and registered a market cap of $27.06B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Cardinal Health, Inc. (NYSE:CAH) PEG ratio is at 1.56.

1 Chart Pattern Every Investor Should Know

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