Cardinal Health Stock Target Price and Analyst Consensus

CAH Stock  USD 112.54  0.94  0.84%   
The current analyst and expert consensus on Cardinal Health is Buy with 10 hold recommendations. The current projected Cardinal Health target price consensus is 98.58 with 18 analyst opinions. One of the most common ways Cardinal Health analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Cardinal Health vendors, executives, and/or customers. Cardinal Health recommendation module provides expert sentiment on the projected Cardinal Health target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Cardinal Health to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.
Lowest Forecast
89.71
Highest Forecast
109.42
Target Price
98.58
As of now, Cardinal Health's Gross Profit is increasing as compared to previous years. The Cardinal Health's current Gross Profit Margin is estimated to increase to 0.07, while Pretax Profit Margin is projected to decrease to 0.02. As of now, Cardinal Health's Cash is increasing as compared to previous years. The Cardinal Health's current Non Currrent Assets Other is estimated to increase to about 983.7 M, while Short and Long Term Debt Total is projected to decrease to under 3.2 B.
  
It's important to approach Cardinal Health's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Cardinal Health Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Cardinal target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Cardinal Health's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   18  Buy
Most Cardinal analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Cardinal stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Cardinal Health, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Cardinal Health Target Price Projection

Cardinal Health's current and average target prices are 112.54 and 98.58, respectively. The current price of Cardinal Health is the price at which Cardinal Health is currently trading. On the other hand, Cardinal Health's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Cardinal Health Market Quote on 28th of March 2024

Low Price110.7Odds
High Price112.58Odds

112.54

Target Price

Analyst Consensus On Cardinal Health Target Price

Low Estimate89.71Odds
High Estimate109.42Odds

98.58

Historical Lowest Forecast  89.71 Target Price  98.58 Highest Forecast  109.42
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Cardinal Health and the information provided on this page.

Cardinal Health Analyst Ratings

Cardinal Health's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Cardinal Health stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Cardinal Health's financials, market performance, and future outlook by experienced professionals. Cardinal Health's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Cardinal Health price targets

Cardinal Health's stock target price is an estimate of its future price, usually made by analysts. Using Cardinal Health's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Cardinal Health's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Cardinal Health's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Cardinal Health Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Cardinal Health is a key component of Cardinal Health valuation and have some predictive power on the future returns of a Cardinal Health.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cardinal Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
110.98112.35113.72
Details
Intrinsic
Valuation
LowRealHigh
94.2695.63123.79
Details
Naive
Forecast
LowNextHigh
108.53109.90111.27
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.901.962.02
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cardinal Health. Your research has to be compared to or analyzed against Cardinal Health's peers to derive any actionable benefits. When done correctly, Cardinal Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Cardinal Health.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Corona Opportunity Idea
Corona Opportunity
Invested few shares
Momentum Idea
Momentum
Invested a lot of shares
Hedge Favorites Idea
Hedge Favorites
Invested over 100 shares
Macroaxis Index Idea
Macroaxis Index
Invested few shares
Investor Favorites Idea
Investor Favorites
Invested over 40 shares
When determining whether Cardinal Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cardinal Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cardinal Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cardinal Health Stock:
Check out Macroaxis Advice on Cardinal Health to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.
Note that the Cardinal Health information on this page should be used as a complementary analysis to other Cardinal Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Cardinal Health's price analysis, check to measure Cardinal Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.
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The data published in Cardinal Health's official financial statements usually reflect Cardinal Health's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Cardinal Health. For example, before you start analyzing numbers published by Cardinal accountants, it's critical to develop an understanding of what Cardinal Health's liquidity, profitability, and earnings quality are in the context of the Health Care Providers & Services space in which it operates.
Please note, the presentation of Cardinal Health's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Cardinal Health's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Cardinal Health's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Cardinal Health. Please utilize our Beneish M Score to check the likelihood of Cardinal Health's management manipulating its earnings.