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 $71.24, up 1.24% from the previous day, and has increased 23.25% in one year. It has overperformed other stocks in the Medical Distribution industry by 0.21 percentage points. Cardinal Health stock is currently +43.34% from its 52-week low of $49.70, and -12.66% from its 52-week high of $81.57.
As of Mar 27, 2023, there are 257.64M CAH shares outstanding. The market capitalization of CAH is $18.35B. In the last 24 hours, 2.21M 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.
Our favorite brokerage: eToro
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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.
- Enter your personal info to create a new trading account.
- Send your info by pressing the "Create Account" button.
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 Zen 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.
You can access additional valuation analysis on CAH's stock here.
CAH Financial Health
Positive Health Checks:
- CAH's operating cash flow of $3.19B allows it to safely service it's debt of $5.26B.
- There are more short-term assets than long-term liabilities on the CAH balance sheet.
- There are more short-term assets than short-term liabilities on the CAH balance sheet.
Negative Health Checks:
- CAH earnings of -$71.00M is not sufficient to cover its interest payments.
- CAH debt to equity ratio of -21.1 is negative.
- CAH profit margin has gone down from 0.3% to -0.7% in the past year.
- Total CAH debt is still negative.
Is CAH stock a Buy, Hold, or Sell, according to analysts?
Out of 8 sell side analysts who give ratings on CAH, the consensus analyst rating on Cardinal Health is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest CAH Analyst Ratings
George Hill, a top 12% analyst from Deutsche Bank maintains CAH with a hold rating and lowers their CAH price target from $82.00 to $77.00, on Mar 22, 2023.
Jonathan Yong, a bottom 9% analyst from Credit Suisse maintains CAH with a hold rating and raises their CAH price target from $89.00 to $92.00, on Feb 3, 2023.
Erin Wright, a top 4% analyst from Morgan Stanley maintains CAH with a strong buy rating and raises their CAH price target from $86.00 to $90.00, on Feb 3, 2023.
Eric Coldwell, a bottom 16% analyst from Baird upgrades CAH to a buy rating and raises their CAH price target from $87.00 to $94.00, on Feb 3, 2023.
Kevin Caliendo, a top 30% analyst from UBS maintains CAH with a strong buy rating and raises their CAH price target from $78.00 to $91.00, on Jan 31, 2023.
You can dive deeper into what analysts are projecting on the Cardinal Health stock forecast page.
CAH Momentum
CAH Performance Metrics
Last year, CAH revenue was $193.01B. During the last 5 year, CAH's revenue has grown by 7.79% per year. This was faster than the Medical Distribution industry average of 7.04%.
Find out more about CAH's earnings and revenue performance here.
What are CAH insiders up to?
Over the last 12 months, executives and large shareholders at CAH have sold more shares than they have bought.
Michelle D. Greene, Chief Information Officer of CAH, was the latest CAH insider to sell. They sold $47,311.68 worth of CAH stock on Mar 15, 2023.
Dig into more about who owns CAH shares here.
Can I rely on CAH as an income stream?
Cardinal Health pays a dividend of 2.78%, compared to the Medical Distribution industry's average dividend yield of 2.2%. If you owned $1,000 of CAH stock, you would have been paid $27.76 last year.
Cardinal Health dividend payments have consistently grown over the past decade and have remained stable.
Find more data about Cardinal Health dividend yield and history here.
CAH Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your CAH trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
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 given price, use a limit order.
Hit the Open button and eToro will execute the order.
If you need additional info about buying stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your CAH position
Now that you own some shares in CAH, you'll want to keep up with your new investment.
Make a watchlist to keep tabs on your CAH stock.
CAH Feed
How to Buy Stock in Cardinal Health
To reiterate, here are the 6 steps for buying Cardinal Health stock:
- 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 require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Cardinal Health, create a watchlist on WallStreetZen today.
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