Cardinal HealthCAH
Market Cap: $27.2B
About: Cardinal Health is one of three leading pharmaceutical wholesalers in the us, engaged in sourcing and distributing of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and McKesson, the three comprise well over 90% of the us pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.
Employees: 48,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
105% more call options, than puts
Call options by funds: $236M | Put options by funds: $115M
8% less repeat investments, than reductions
Existing positions increased: 353 | Existing positions reduced: 385
2.49% less ownership
Funds ownership: 89.82% [Q1] → 87.34% (-2.49%) [Q2]
5% less funds holding
Funds holding: 1,031 [Q1] → 978 (-53) [Q2]
14% less capital invested
Capital invested by funds: $24.4B [Q1] → $20.9B (-$3.49B) [Q2]
38% less first-time investments, than exits
New positions opened: 85 | Existing positions closed: 138
58% less funds holding in top 10
Funds holding in top 10: 12 [Q1] → 5 (-7) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
JP Morgan Lisa Gill 67% 1-year accuracy 16 / 24 met price target | 10%upside $123 | Neutral Maintained | 21 Aug 2024 |
Deutsche Bank George Hill 100% 1-year accuracy 6 / 6 met price target | 6%upside $119 | Hold Maintained | 16 Aug 2024 |
UBS Kevin Caliendo 77% 1-year accuracy 10 / 13 met price target | 12%upside $125 | Buy Maintained | 15 Aug 2024 |
Wells Fargo Stephen Baxter 59% 1-year accuracy 17 / 29 met price target | 10%downside $101 | Underweight Maintained | 15 Aug 2024 |
Morgan Stanley Erin Wright 65% 1-year accuracy 15 / 23 met price target | 6%upside $119 | Overweight Maintained | 15 Aug 2024 |
Financial journalist opinion
Based on 29 articles about CAH published over the past 30 days