Analysts who follow Cardinal Health Inc (CAH) on average expect it to decline -4.34% over the next twelve months. Those same analysts give the stock an average rating of Hold.
That average rating puts Cardinal Health Inc higher than 5 of stocks, based on data compiled by InvestorsObserver.
Click Here to get the full report on Cardinal Health Inc (CAH) Stock.
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With Cardinal Health Inc Stock Today?
Cardinal Health Inc (CAH) stock is trading at $54.23 as of 9:42 AM on Thursday, Jan 16, a rise of $0.42, or 0.78% from the previous closing price of $53.81. The stock has traded between $53.84 and $54.23 so far today. Volume today is less active than usual. So far 101 shares have traded compared to average volume of 2,127,678 shares.
