Cardinal Health (CAH)

• Market cap: $28.6B
• 1 day: 1.09%
• 5 days: 0.13%
• 1 month: -1.71%
• 3 months: 5.76%
• 6 months: 13.33%
• Year to date: 15.26%
• 1 year: 19.33%
• 5 years: 128.34%
• 10 years: 42.51%
• Sector: Healthcare
• Industry: Drugs, Proprietaries & Druggists Sundries

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), hospital networks, and healthcare providers. Cardinal, Cencora, and McKesson hold 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: 48,900

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

111% more call options, than puts

Call options by funds: $258M | Put options by funds: $123M

100% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 10 (+5) [Q3]

7% more capital invested

Capital invested by funds: $21.4B [Q2] → $23B (+$1.6B) [Q3]

2% more first-time investments, than exits

New positions opened: 101 | Existing positions closed: 99

0% more funds holding

Funds holding: 989 [Q2] → 991 (+2) [Q3]

3.91% less ownership

Funds ownership: 89.4% [Q2] → 85.48% (-3.91%) [Q3]

21% less repeat investments, than reductions

Existing positions increased: 326 | Existing positions reduced: 411

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $120 1% upside
• Avg. target: $130 10% upside
• High target: $139 18% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

Morgan Stanley Erin Wright 48% 1-year accuracy 11 / 23 met price target	15% upside $136	Overweight Maintained	17 Dec 2024
Wells Fargo Stephen Baxter 20% 1-year accuracy 8 / 40 met price target	7% upside $127	Equal-Weight Upgraded	13 Dec 2024
Deutsche Bank George Hill 50% 1-year accuracy 5 / 10 met price target	5% upside $124	Hold Maintained	4 Nov 2024
UBS Kevin Caliendo 56% 1-year accuracy 9 / 16 met price target	18% upside $139	Buy Maintained	4 Nov 2024
Mizuho Ann Hynes 41% 1-year accuracy 9 / 22 met price target	1% upside $120	Neutral Maintained	4 Nov 2024