Cardinal Health Inc. (CAH)
Health Care2 articles
Price chart
Why is CAH moving today?
+0.1%CAH is +0.1% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of just now
Cardinal Health Inc. (CAH) overview
Cardinal Health is a major distributor of pharmaceuticals and medical products.
CAH is a member of the S&P 500. It sits in the Health Care sector. That sector covers pharmaceutical, biotech, device and managed-care companies.
Cardinal Health Inc. trades on the NYSE under the ticker symbol CAH. The most recent market data puts the share price at about $254.03. That is up 0.13% on the session. At that price the company is worth roughly $58.82B.
Over the past 52 weeks, CAH has traded between $152.46 and $258.30. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 35.1. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. CAH also pays a dividend. It yields around 0.81% at the current price.
Key statistics
Source: Yahoo Finance - quote as of just now
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch CAH
CAH is one of the larger names in the Health Care sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each CAH story as it breaks, and tags it bullish, bearish or neutral.
What moves CAH
- Earnings. CAH reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from CAH.
- Sector news. Health Care stocks often move together, so a rival's news can move CAH too.
Market Mood
Latest CAH news
Cardinal Health (CAH) Rises on Extended CVS Distribution Deal
Cardinal Health (CAH) experienced an increase due to an extended distribution agreement with CVS Health. This new agreement extends their current partnership, likely improving Cardinal Health's revenue stability. The details of the agreement, including the duration and financial terms, were not disclosed. Such partnerships are critical for companies in the healthcare industry as they can impact product availability and pricing. These developments indicate a potential for revenue growth and enhanced market position for Cardinal Health.
Read More: Cardinal Health (CAH) Rises on Extended CVS Distribution Deal
Cardinal Health Raises Price Target After Positive Profit Guidance
Cardinal Health has lifted its price target following positive profit guidance. The specifics of the new price target were not disclosed in the article. This adjustment could influence investor confidence and market perceptions of Cardinal Health's (CAH) financial stability and growth potential. Investors should consider how this revised outlook might affect Cardinal Health's stock performance going forward.
Read More: Cardinal Health Raises Price Target After Positive Profit GuidanceMore Health Care stocks
Frequently asked questions
Is Cardinal Health Inc. in the S&P 500?
Yes. Cardinal Health Inc. trades as CAH and is a member of the S&P 500. The index lists it in the Health Care sector.
What sector is CAH in?
CAH sits in the Health Care sector of the S&P 500.
Where can I find the latest CAH news?
Right here. This page collects recent CAH news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Cardinal Health Inc.'s stock price?
CAH last traded at about $254.03. Prices move all through the session, so this is the latest quote rather than a live one.
What is Cardinal Health Inc.'s market cap?
CAH is worth roughly $58.82B. Market cap is the share price times the number of shares outstanding.
What is CAH's P/E ratio?
CAH trades at a trailing P/E ratio of about 35.1. The ratio compares the share price with earnings per share over the past year.