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Cardinal Health, Inc. (CAH)
NYSE - Nasdaq Real Time Price. Currency in USD
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As of 01:39PM EDT. Market open.
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anyone following on this? looked like a safe entry point for the value divi,
This is what happens when you buy the peak!
Yahoo Finance Insights
Cardinal Health is down 9.04% to 55.02
Just curious, what is the downside of a 70-year-old plus investing in CAH for the dividend and for stability. This seems to be a fairly well diversified company. Also, why not this stock rather than Amerisource.
NYC Cant See Me
Cardinal Health Inc (CAH) is up Tuesday morning, with the stock climbing 2.90% in pre-market trading to 63.16. CAH's short-term technical score of 34 indicates that the stock has traded less bullishly over the last month than 66% of stocks on the market. In the Medical Distribution industry, which ranks 37 out of 146 industries, the stock ranks higher than 30% of stocks. Cardinal Health Inc has risen 16.76% over the past month, closing at $53.93 on March 15. During this period of time, the stock fell as low as $53.77 and as high as $62.15. CAH has an average analyst recommendation of Buy. The company has an average price target of $56.88.
Wisdom of Crowds
$CAH and $CVS will be huge winners.....profitable, low valuations, inflation hedges, aging populations, government spending in health care, Covid/vaccination tail winds. Good luck longs....
-- In August, we lifted our view on shares of CAH to
Buy from Hold as we think CAH is attractive at
current valuations. We see CAH set for better
growth in its core business in FY 22 and in the
long-run we think it will likely benefit from
steadily growing product volumes as baby
boomers drive higher health care utilization. We
view the divestiture of the Cordis business,
CAH’s global manufacturer of cardiology devices
for $1B as positive. The transaction is slated to
close in H1 FY 22. Since its 2015 acquisition,
Cordis was a significant drag for the Medical
segment, in our view, due to operational
problems, inventory write-downs, and mounting
---Consolidation of health insurers, providers, and
pharmacy benefit managers has been an
ongoing trend since 2018. This trend could
pressure CAH's operating margins, in our view,
as larger customers are able to negotiate lower
--- Our price target is $56, 8.9x our FY 23 EPS
estimate, lower than CAH’s historical forward P/
E average of 120x. Risks include a longer-thananticipated rebound in elective procedures due
to new rising Covid-19 infections, severe
generic price deflation and contract renewals on
less favorable terms
At this price it's almost a 4% dividend,.great entry price!
4% dividend, listed as undervalued, in the growing health care market, and it is still at a 52 week low. Don't understand.
DUBLIN, Ohio, Aug. 11, 2021 /PRNewswire/ -- Cardinal Health (NYSE: CAH) announced today that it has extended its agreements with CVS Health to distribute pharmaceuticals to retail pharmacies and distribution centers through June 30, 2027.
I'm considering initiating a position in CAH sometime over the next couple days, assuming it stays in the lower $50 range. If I buy, this will go in the more conservative portion of my IRA portfolio with plans to hold long term, reinvesting dividends along the way. Opinions, positive and negative, appreciated. Thank you!
One of the absolute worst healthcare stocks over the past 12 months. CAH has never recovered from last years $20 price drop.
3.5% dividend, 30% payout ratio, forward PE of 9. Seems like an obvious buy, like CNC was on their ER.
Just a big surprise to see the low point of the week be after such a great Earnings report. There must have been something in there that I didn't see that is a big negative. CVS is also down today, but not on the same scale as CAH.
From today’s WaPo: ‘Just six companies distributed 75 percent of the pills during this period: McKesson Corp., Walgreens, Cardinal Health, AmerisourceBergen, CVS and Walmart, according to an analysis of the database by The Washington Post. Three companies manufactured 88 percent of the opioids: SpecGx, a subsidiary of Mallinckrodt; Actavis Pharma; and Par Pharmaceutical, a subsidiary of Endo Pharmaceuticals.
Purdue Pharma, which the plaintiffs allege sparked the epidemic in the 1990s with its introduction of OxyContin, its version of oxycodone, was ranked fourth among manufacturers with about 3 percent of the market.
The volume of the pills handled by the companies skyrocketed as the epidemic surged, increasing about 51 percent from 8.4 billion in 2006 to 12.6 billion in 2012. By contrast, doses of morphine, a well-known treatment for severe pain, averaged slightly more than 500 million a year during the period.’
Two large research and investment houses upgraded CAH to $57 and $64. It is amazing how the stock is still below $50. It is difficult to understand who is selling at these levels! Do people not have any type of common sense that this is a great company and a serious play against the Pandemic. America opens up and elective surgeries will go through the roof. Likewise, the Pandemic will still demand the PPEs from CAH. The company is benefiting from both directions!
CVS up this morning and CAH down. I really must have missed something in the earnings or the news that is driving CAH down like this. Anyone have any ideas or knowledge on this?
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