CVS Health Corporation [NYSE: CVS] The scrip closed at $97.89 by 0.55% or 0.54 points with heavy trading volume of 4813312 shares. The company reported on November 9, 2022 that CVS Health is supporting customers, patients, members and associates as Hurricane Nicole approaches.
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CVS Health® (NYSE:CVS) is actively preparing for Hurricane Nicole’s landfall in Florida. The company’s priority is the health and safety of its associates, customers and members, and it remains committed to providing its communities with access to the products and services they need to weather the storm.
In the wake of Hurricane Nicole, CVS Health is implementing measures across its businesses to ensure continuity of care:.
It opened the trading session at $97.25, shares rose to $98.27 and fell to $97.25, the range by which the stock price traded throughout the day. The daily chart for CVS shows that the company has registered a gain of 2.43% over the past six months. However, it is still -13.46% lower than its most recent trading low.
If we look at the average trading volume of 5.92M shares, CVS reached a volume of 4813312 in the most recent trading day, which is why market watchdogs consider the stock active.
What top equity market gurus are saying about CVS Health Corporation [CVS],
Based on careful and fact-backed analyzes by Wall Street experts, the current consensus target price for CVS shares is $117.68 per share. The target price and analysis on the stock’s performance are usually carefully studied by market experts, and the current Wall Street consensus on CVS stock is a recommendation at 2.20. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.
Loop Capital has an Assumption for shares of CVS Health Corporation on June 17, 2022, keeping its view on the stock as Buy, in line with its previous recommendation. While these analysts kept the previous recommendation, Bernstein lowered his target price to $112 from $122. The new note on the price target was issued on May 27, 2022, which represents the official price target for CVS Health Corporation stock. Earlier, the target price was raised once again to $110, while analysts at Deutsche Bank maintained a hold rating on CVS stock.
The Average True Range (ATR) for CVS Health Corporation is set at 2.41, with a price to sales ratio of 0.40 for CVS stock over the trailing 12-month period. The Price to Book ratio for the previous quarter was 1.82, the Price to Cash per share for the same quarter was set at 15.60. Free Cash Flow for CVS over the trailing twelve months was 7.53, with a quick ratio of 0.70 for the last quarter.
Trading Performance Analysis for CVS Stock
CVS Health Corporation [CVS] At the end of last week the green zone increased, increasing in a positive trend and gaining 0.74. With this latest performance, shares of CVS are up 5.58% over the past four-week period, in addition to down 2.43% over the past 6 months — not to mention a 5.08% gain over the past year of trading.
Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CVS stock for the past two-week period is set at 53.90, with the RSI for the past one trading hit 54.68, and the three-week RSI for CVS Health Corporation is set at 52.76. [CVS], The current moving average of this stock for last 50 days of trade is 96.23, while it was recorded at 96.80 for last one week and 98.95 for last 200 days.
CVS Health Corporation [CVS]: A Deep Dive into Fundamental Analysis
The operating margin for any stock indicates how profitable an investment will be, and CVS Health Corporation [CVS] The shares currently have an operating margin of +5.12 and gross margin at +17.77. The net margin of CVS Health Corporation is currently recorded at +2.71.
The Return on Equity for this stock is tilted at 10.95, with the Return on Assets sitting at 3.30.
CVS Health Corporation’s liquidity data is equally compelling, with a quick ratio of 0.70 and a current ratio set at 0.90.
CVS Health Corporation [CVS]: Earnings Per Share (EPS) Analysis
The company’s progress can be viewed through the prism of EPS growth rates, while Wall Street analysts are focusing on predicting 5-year EPS growth rates for CVS. When it comes to mentioned price, analysts are expecting 5 Year EPS growth rate of 5.64% for CVS Health Corporation.
Analysis of Insider Ownership in CVS Health Corporation [CVS]
Institutional investors currently hold approximately $101,615 million or 80.60% of CVS stock in their hands. The top three institutional holders of CVS stock are: Vanguard Group Inc. with ownership of $115,934,841, which accounts for approximately 1.512% of the company’s market cap and approximately 0.10% of total institutional ownership; BlackRock Inc. holds 93,850,627 shares of CVS stock with an estimated value of $9.19 billion in CVS stock shares; and Capital World Investors, with $5.96 billion in CVS stock currently holding approximately 3.502% of the company’s market capitalization.
Positions of CVS Health Corporation shares held by institutional investors increased at the end of November and during the November reporting period, where 1,155 institutional holders increased their positions in CVS Health Corporation [NYSE:CVS] By approximately 35,483,180 shares. Additionally, 1,041 investors reduced positions totaling approximately 29,649,185 shares, while 241 investors held positions totaling 972,924,796 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 1,038,057,161 shares. There were 138 new institutional investments in CVS stock for a total of 3,168,217 shares, while 97 institutional investors sold 2,524,279 shares during the same period.