Cardinal Health's stock performance compared unfavorably against the S&P 500?
Cardinal Health, Inc. (CAH), a large-cap healthcare services and products company with a market cap of $35.4 billion, has reported a Q4 revenue of $60.2 billion, falling short of analyst expectations. Despite this setback, the company has managed to outperform the S&P 500 Index's 17.3% uptick over the same time period on a year-to-date basis, with a 31% rally over the past 52 weeks.
The stock took a hit on Aug. 12, plunging 7.2%. However, it has been trading above its 200-day moving average over the past year.
Earnings Performance
CAH's Q4 adjusted EPS of $2.08 surged 13% from the year-ago quarter and surpassed the consensus estimates of $2.03.
Market Performance
Despite the recent decline, CAH has lagged behind McKesson Corporation's 33.4% rise over the past 52 weeks. However, it has outpaced McKesson Corporation's 21.7% return on a year-to-date basis. Shares of CAH have been trading below its 50-day moving average since late July. Over the past three months, the stock has declined 8.6%.
Analyst Outlook
The consensus rating for CAH is 'Strong Buy' from the 15 analysts covering it. The mean price target of $179.73 suggests a 21.1% premium to its current price levels.
Company Overview
Cardinal Health focuses on complex, high-need therapeutic areas and differentiates itself through analytics, technology platforms, and value-added services. The company provides customised solutions for hospitals, healthcare systems, pharmacies, and various other healthcare facilities.
Disclosure
Please note that all information and data in this article is solely for informational purposes. On the date of publication, Neharika Jain did not have positions in any of the securities mentioned in this article.
Regarding publicly available detailed records or reports from the last year about which banks or funds have granted loans to Cardinal Health, Inc., nor specific dates of payment delays or overdrafts, no such information was found based on the provided search results.
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