While CVS Health Corp has overperformed by 1.51%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CVS fell by -19.58%, with highs and lows ranging from $83.25 to $52.77, whereas the simple moving average fell by -13.22% in the last 200 days.
On October 10, 2024, Barclays Upgraded CVS Health Corp (NYSE: CVS) to Overweight. A report published by TD Cowen on October 04, 2024, Upgraded its rating to ‘Buy’ for CVS. Robert W. Baird also rated CVS shares as ‘Neutral’, setting a target price of $61 on the company’s shares in an initiating report dated May 30, 2024. TD Cowen May 07, 2024d the rating to Hold on May 07, 2024, and set its price target from $99 to $59. UBS May 02, 2024d its ‘Buy’ rating to ‘Neutral’ for CVS, as published in its report on May 02, 2024. Leerink Partners’s report from May 01, 2024 suggests a price prediction of $60 for CVS shares, giving the stock a ‘Market Perform’ rating. Cantor Fitzgerald also rated the stock as ‘Neutral’.
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Analysis of CVS Health Corp (CVS)
CVS currently pays a dividend of $2.66 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 6.12%, showing a positive trend in the upcoming months.
In order to gain a clear picture of CVS Health Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 6.72% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.59, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 10.92M can be a very valuable indicator of volatility for CVS stock. On a monthly basis, the volatility of the stock is set at 2.93%, whereas on a weekly basis, it is put at 2.76%, with a loss of -3.47% over the past seven days. Furthermore, long-term investors anticipate a median target price of $66.95, showing growth from the present price of $55.09, which can serve as yet another indication of whether CVS is worth investing in or should be passed over.
How Do You Analyze CVS Health Corp Shares?
The USA based company CVS Health Corp (CVS) is one of the biggest names in Healthcare Plans. When comparing CVS Health Corp shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 14.00, there is a growth in quarterly earnings of -96.06%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.19%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 80.13% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CVS shares are owned by institutional investors to the tune of 80.13% at present.
