Cardinal Health, Inc (CAH): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Medical Distribution industry segment, falling under the Healthcare sector. The current market capitalization of Cardinal Health, Inc is $30.33B. A total of 4.79 million shares were traded on the day, compared to an average of 2.00M shares.

In the most recent transaction, Mayer Jessica L sold 16,573 shares of CAH for 109.39 per share on Aug 21 ’24. After the transaction, the Chief Legal/Compliance Officer now owns 75,971 company shares. In a previous transaction on Aug 21 ’24, Mayer Jessica L bought 16,573 shares at 109.39 per share.

Among the insiders who sold shares, Mayer Jessica L disposed of 17,896 shares on Aug 15 ’24 at a per-share price of $106.48. This resulted in the Chief Legal/Compliance Officer holding 94,529 shares of CAH after the transaction. In another insider transaction, Alt Aaron E sold 2,323 shares at $108.91 per share on Aug 19 ’24. Company shares held by the Chief Financial Officer now total 36,867.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Cardinal Health, Inc pays an annual dividend of $2.01, resulting in a dividend yield of 1.61%, and it has a price to earnings (P/E) ratio of 24.35. CAH’s most recent ex-dividend date was 1/2/2025 when it declared a $0.5056 quarterly dividend that was paid in cash on 1/15/2025. Previously, the company paid the dividend on 10/15/2024 with an ex-dividend date of 10/1/2024. The CAH stock dividend was $0.5060 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CAH has a high of $125.41 and a low of $93.17.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CAH’s latest balance sheet shows that the firm has $4.72B in Cash & Short Term Investments as of fiscal 2022. There were $5.32B in debt and $30.55B in liabilities at the time. Its Book Value Per Share was -$13.54, while its Total Shareholder’s Equity was -$706.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CAH is Buy with a score of 3.60.

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