How to Buy Cardinal Health Stock
Cardinal Health Inc
Cardinal Health is a medical distribution company located in Ohio, United States, which is part of the Healthcare sector, and is traded under the ticker CAH on the NYSE exchange.
Cardinal Health stock last closed at $122.76, down 0.07% from the previous day, and has increased 15.95% in one year. It has underperformed other stocks in the Medical Distribution industry by 0.05 percentage points. Cardinal Health stock is currently +31.76% from its 52-week low of $93.17, and -2.75% from its 52-week high of $126.23.
As of Dec 6, 2024, there are 242.01M CAH shares outstanding. The market capitalization of CAH is $29.71B. In the last 24 hours, 1.56M CAH shares were traded.
How to Buy Cardinal Health Stock
Not sure how to invest in Cardinal Health stock? Here's how.
- Figure out where to buy Cardinal Health stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you determine where to buy Cardinal Health stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Choose your payment method and add your information.
- Research Cardinal Health stock: The Cardinal Health ticker symbol is CAH. Is Cardinal Health stock a good investment? Should you buy shares of CAH? How do CAH's underlying business fundamentals look? Do top analysts think Cardinal Health is a good buy? Why has CAH's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if CAH is a good stock to buy).
- Execute your CAH trade: Decide if you will purchase CAH shares at the current market price or use a limit order to purchase CAH stock at a given price.
- Get notifications regarding your CAH position: Create a watchlist to keep track of your new investment in Cardinal Health stock.
Step 1: Figure out where to buy Cardinal Health stock
You will need a brokerage account in order to access the NYSE market and buy CAH shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you are able to invest in CAH stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new trading account.
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Step 3: Deposit money your brokerage account
Now that you have finished signing up on the stock trading app, your next step is to transfer the money for your investment:
Check out the video below if you need help depositing funds into your brokerage account.
Step 4: Research Cardinal Health stock
After you have decided on the best place to buy Cardinal Health stock, it's very important to evaluate their stock prior to investing, so you can understand the risk and opportunity.
Cardinal Health quick stats
Cardinal Health Due Diligence Score
WallStreetZen was created to help part-time investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CAH's stock page.
How is CAH stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge CAH's fair value.
Using relative valuations metrics:
- CAH could be undervalued based on its P/E ratio of 23.7x, relative to Medical Distribution industry P/E ratio of 29.39x
- CAH could be overvalued based on its PEG ratio of 1.08x
You can do additional valuation research on CAH's stock here.
A look at CAH Cashflows and Balance Sheet
Positive Health Checks:
- CAH earnings of $1.84B is not sufficient to cover its interest payments.
- CAH's operating cash flow of $1.57B allows it to safely service it's debt of $5.16B.
- CAH profit margin has gone up from 0.1% to 0.6% in the past year.
- There are more short-term assets than long-term liabilities on the CAH balance sheet.
Negative Health Checks:
- Total CAH debt is still negative.
- There are more short-term liabilities than short-term assets on the CAH balance sheet.
- CAH debt to equity ratio of -14.14 is negative.
Do analysts think it's a good time to buy CAH stock
Out of 11 Equities analysts who give ratings on CAH, the consensus analyst rating on CAH is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest CAH Analyst Recommendations
David Toung, a top 20% analyst from Argus Research maintains CAH with a strong buy rating and raises their CAH price target from $115.00 to $125.00, on Sep 11, 2024.
Lisa Gill, a top 26% analyst from JP Morgan maintains CAH with a hold rating and raises their CAH price target from $111.00 to $123.00, on Aug 21, 2024.
Stephen Baxter, a top 42% analyst from Wells Fargo maintains CAH with a strong sell rating and raises their CAH price target from $95.00 to $101.00, on Aug 15, 2024.
Elizabeth Anderson, a bottom 9% analyst from Evercore ISI Group maintains CAH with a hold rating and raises their CAH price target from $105.00 to $115.00, on Aug 15, 2024.
Eric Coldwell, a top 34% analyst from Baird maintains CAH with a buy rating and raises their CAH price target from $130.00 to $137.00, on Aug 15, 2024.
You can dive deeper into what analysts are saying on the Cardinal Health stock forecast page.
CAH Momentum
How are CAH Revenues/Earnings doing?
Last year, CAH earnings were $1.26B. In the last four year, CAH's earnings have gone up by 11.76% per year. This was faster than the Medical Distribution industry average of 10.7%.
Last year, CAH revenue was $224.34B. Over the last five year, CAH's revenue has gone up by 8.72% per year. This was slower than the Medical Distribution industry average of 8.73%.
You can analyze CAH's earnings and revenue performance here.
What are CAH executives and large shareholders up to?
In the past year, insiders at CAH have sold more shares than they have bought.
Jessica L. Mayer, Chief LegalCompliance Officer of CAH, was the latest CAH insider to sell. They sold $82,634.24 worth of CAH shares on Dec 2, 2024.
Learn more about who owns CAH stock here.
Does CAH stock generate passive income?
Cardinal Health pays a dividend of 1.64%, compared to the Medical Distribution industry's average dividend yield of 1.87%. If you owned $1,000 worth of CAH stock, you would have been paid $16.39 in the past year.
Cardinal Health dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Cardinal Health dividend yield and history here.
CAH Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your CAH trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you want more help buying stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your CAH position
Now that you own some CAH shares, you'll want to keep up with your new investment.
Create a watchlist to keep track of your CAH stock.
CAH Feed
How to Buy Stock in Cardinal Health
To summarize, here are the 6 steps to buy stock in Cardinal Health:
- Figure out where to buy Cardinal Health stock
- Open your brokerage account
- Deposit money your brokerage account
- Research Cardinal Health stock
- Execute your CAH trade
- Get notifications regarding your CAH position
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Cardinal Health, get started below.
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