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CVS Health Corp (CVS)
NYSE:CVS
CVS Health (CVS) Stock Price & Analysis
11,614 Followers
CVS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$62.88 - $81.71
Previous Close$68.5
Volume8.65M
Average Volume (3M)9.76M
Market Cap
$86.20B
Enterprise Value$154.31B
Total Cash (Recent Filing)$11.46B
Total Debt (Recent Filing)$79.39B
Price to Earnings (P/E)10.6
Beta0.49
Next Earnings
May 01, 2024EPS Estimate
$1.71Last Dividend Ex-Date
Apr 19, 2024Dividend Yield3.62%
Share Statistics
EPS (TTM)6.47
Shares Outstanding1,258,449,553
10 Day Avg. Volume8,348,898
30 Day Avg. Volume9,759,449
Standard Deviation0.07
R-Squared0.16
Alpha0.00515
Financial Highlights & Ratios
Price to Book (P/B)-1.99
Price to Sales (P/S)0.92
Price to Cash Flow (P/CF)-8.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.47
Enterprise Value/Gross Profit1.10
Enterprise Value/Ebitda11.29
Forecast
1Y Price Target
$87.53Price Target Upside29.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
CVS Health News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceCVS is expected to achieve robust adjusted EPS growth with a focus on improving healthcare benefits and expanding specialty services, positioning the company for strong multi-year financial targets.
Market PositionCVS Health's extensive healthcare services and status as a leading retail pharmacy and managed care provider lay the groundwork for a pathway towards core growth and high-end cash flow generation that is currently undervalued.
Strategic FocusWith disciplined strategic planning, including improving Medicare Advantage star ratings and prioritizing margin recovery, CVS aims to ensure sustainable profitability and attractive growth in earnings per share.
Bears Say
Financial GuidanceCVS has revised its earnings guidance downward, reflecting higher medical cost trends, which could dampen investor confidence in the company's financial performance.
Health Care Benefits Segment PerformanceThe Health Care Benefits segment reported a higher-than-expected medical loss ratio due to increased Medicare Advantage utilization, signaling potential cost management challenges.
Medicare Advantage Benchmark RateThe effective rate decrease for the Medicare Advantage benchmark rate could lead to more aggressive benefit cuts by CVS, as the rate change does not align with current medical cost trends.
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Ownership Overview
0.91% Insiders
28.91% Mutual Funds
20.28% Other Institutional Investors
49.91% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Ability to SellRisks related to the company’s ability to sell goods and services
Website Traffic
The estimated number of people who visited one or more of the websites owned by CVS Health
Desktop Users
Mobile Users
CVS FAQ
What was CVS Health Corp’s price range in the past 12 months?
CVS Health Corp lowest stock price was $62.88 and its highest was $81.71 in the past 12 months.
What is CVS Health Corp’s market cap?
Currently, no data Available
When is CVS Health Corp’s upcoming earnings report date?
CVS Health Corp’s upcoming earnings report date is May 01, 2024 which is in 6 days.
How were CVS Health Corp’s earnings last quarter?
CVS Health Corp released its earnings results on Feb 07, 2024. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.991 by $0.129.
Is CVS Health Corp overvalued?
According to Wall Street analysts CVS Health Corp’s price is currently Undervalued.
Does CVS Health Corp pay dividends?
CVS Health Corp pays a Quarterly dividend of $0.67 which represents an annual dividend yield of 3.62%. See more information on CVS Health Corp dividends here
What is CVS Health Corp’s EPS estimate?
CVS Health Corp’s EPS estimate is $1.71.
How many shares outstanding does CVS Health Corp have?
CVS Health Corp has 1,258,449,600 shares outstanding.
What happened to CVS Health Corp’s price movement after its last earnings report?
CVS Health Corp reported an EPS of $2.12 in its last earnings report, beating expectations of $1.991. Following the earnings report the stock price went up 3.107%.
Which hedge fund is a major shareholder of CVS Health Corp?
Among the largest hedge funds holding CVS Health Corp’s share is Dodge & Cox. It holds CVS Health Corp’s shares valued at 2B.
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CVS Health Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$87.53 (29.16% Upside)
$87.53 (29.16% Upside)
Blogger Sentiment
Bullish
CVS Sentiment 95%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 4.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.9%
Last 30 Days ▼ 5.7%
Last 30 Days ▼ 5.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-2.57%
12-Months-Change
Fundamentals
Return on Equity
11.32%
Trailing 12-Months
Asset Growth
9.09%
Trailing 12-Months
Company Description
CVS Health Corp
Headquartered in Rhode Island and founded in 1963, CVS Health Corp. is a healthcare company in the U.S. that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; Aetna, a health insurance provider, among many other brands.
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CVS Company Deck
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CVS Earnings Call
Q4 2024
0:00 / 0:00
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CVS Revenue Breakdown
52.22% Health Services
32.64% Pharmacy & Consumer Wellness
29.53% Health Care Benefits
0.13% Corporate/ Other
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CVS Stock 12 Months Forecast
Average Price Target
$87.53
▲(29.16% Upside)
Technical Analysis
Best Analysts Covering CVS
1 Year
1 Year Success Rate
15/27 ratings generated profit
1 Year Average Return
+4.95%
reiterated a buy rating 12 months ago
Copying John Ransom's trades and holding each position for 1 Year would result in 55.56% of your transactions generating a profit, with an average return of +4.95% per trade.
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