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


The leading market experts have placed a mean price target of $93.86 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 $1.41 a share for the upcoming quarter and $5.64 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 $82.49, and stock is trading $-2.76 points away or -3.35% from its 50-day moving average of $82.49. Further it is trading $-1.23 or -1.52% away its 200-day moving average of $80.96. 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 $-11.50, it will post a 52-week high. In event of +8.85% 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 18.46.

The stock last ended the trading session at $79.73 and registered a market cap of $25.40B. 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 1.25.

1 Chart Pattern Every Investor Should Know

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