Cardinal Health Stock Target Price and Analyst Consensus

CAH
 Stock
  

USD 53.10  0.83  1.59%   

The current analyst and expert consensus on Cardinal Health is Hold with 6 hold recommendations. The current projected Cardinal Health target price consensus is 57.5 with 8 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. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Cardinal Health. We strongly encourage you to use your own analysis of Cardinal Health to validate this buy or sell advice. 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 5.503. Continue to 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.
  
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The current Profit Margin is estimated to increase to 0.004042, while Gross Profit is projected to decrease to roughly 7.6 B. Cardinal Health Shareholders Equity is most likely to decrease significantly in the upcoming years. The last year's value of Shareholders Equity was reported at 1.61 Billion. The current Accumulated Retained Earnings Deficit is estimated to increase to about 1.1 B, while Inventories is projected to decrease to roughly 11.2 B.

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 analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Cardinal target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Number of Opinions8
Lowered Outlook1
Raized Outlook0
Hold
Most Cardinal analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Cardinal stock's fair price compared to its market value. Analysts arrive at stock ratings after researching 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 53.10 and 57.50, 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 4th of July 2022

Low Price51.85Odds
High Price53.18Odds

53.1

Target Price

Analyst Consensus On Cardinal Health Target Price

Low Estimate48.0Odds
High Estimate64.0Odds
Number of Analysts8
Standard Deviation5.503

57.5

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

About Cardinal Health Target Price Projections

Cardinal Health's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to stocks such as Cardinal Health and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Stock is worth and where the price will be in a year from now. Generally, the target price of Cardinal depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for Cardinal Health including analysis of its current option contracts.
Cardinal Health's latest option contracts expiring on 2022-07-08 are carrying combined implied volatility of 26.81 with a put-to-call open interest ratio of 0.71 over 72 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on 2022-07-08. The current put volume is at 119, with calls trading at the volume of 58. This yields a 2.05 put-to-call volume ratio. The Cardinal Health option chain provides detailed quote and price information for the current Cardinal Health option contracts. It shows all of Cardinal Health's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-07-08 Option Contracts

Cardinal Health option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Cardinal Health's lending market. For example, when Cardinal Health's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Cardinal Health, he or she must hedge the risk by shorting Cardinal Health stock over its option's life.
The chart above shows Cardinal Health's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Cardinal Health's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Cardinal Health's option, there is no secondary market available for investors to trade.

Cardinal Health Maximum Pain Price across 2022-07-08 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Cardinal Health close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Cardinal Health's stock options are financial instruments that give investors the right to buy or sell shares of Cardinal Health common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Cardinal stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Cardinal Health's stock price goes up or down, the stock options follow.
Continue to 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.

Cardinal Health In The Money Call Balance

When Cardinal Health's strike price is surpassing the current stock price, the option contract against Cardinal Health stock is said to be in the money. When it comes to buying Cardinal Health's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' options written on Cardinal Health are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Cardinal Current Options Market Mood

Cardinal Health's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Cardinal Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Cardinal Health's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Cardinal Health's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Cardinal Health's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

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, frequently view 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. Please use the tools below to analyze the current value of Cardinal Health in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
51.1752.9054.63
Details
Intrinsic
Valuation
LowReal ValueHigh
47.7956.1657.89
Details
Naive
Forecast
LowNext ValueHigh
55.0456.7758.50
Details
Earnings
Estimates (6)
LowProjected EPSHigh
5.225.555.75
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 towards taking a position in Cardinal Health.

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, frequently view 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. Please use the tools below to analyze the current value of Cardinal Health in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
51.1752.9054.63
Details
Intrinsic
Valuation
LowReal ValueHigh
47.7956.1657.89
Details
Naive
Forecast
LowNext ValueHigh
55.0456.7758.50
Details
Earnings
Estimates (6)
LowProjected EPSHigh
5.225.555.75
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 towards 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.
Healthcare
Invested less than 1 share
Macroaxis Index
Invested few shares
IT
Invested few shares
Investor Favorites
Invested less than 1 share
Continue to 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. 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 ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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When running Cardinal Health 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 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 Healthcare 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 to manipulate its earnings.