Market Analysts see CVS Health Corporation [CVS] gaining to $89. Time to buy?

CVS Health Corporation [NYSE: CVS] slipped around -0.86 points on Wednesday, while shares priced at $84.95 at the close of the session, down -1.00%. The company report on June 9, 2021 that CVS Health Opens First MinuteClinic Locations in Utah as part of Nationwide Expansion of CVS HealthHUB™ Locations.

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Utah residents now have access to high-quality, affordable and convenient care in-person or virtually at MinuteClinic.

CVS Health (NYSE: CVS) announced it has opened the first MinuteClinic locations in Utah. MinuteClinic, the walk-in medical clinic inside CVS Pharmacy stores, provides high-quality, affordable care for a wide variety of acute, wellness and chronic disease care for patients ages 18 months and older, with expanded night and weekend hours and no appointment necessary. MinuteClinic also provides options for convenient telehealth visits.

CVS Health Corporation stock is now 24.38% up from its year-to-date (YTD) trading value. CVS Stock saw the intraday high of $86.25 and lowest of $84.8324 per share. The company’s 52-week high price is 90.61, which means current price is +24.89% above from all time high which was touched on 05/24/21.

Compared to the average trading volume of 7.18M shares, CVS reached a trading volume of 5754375 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about CVS Health Corporation [CVS]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CVS shares is $93.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CVS stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for CVS Health Corporation shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on May 19, 2021. The new note on the price target was released on March 17, 2021, representing the official price target for CVS Health Corporation stock. Previously, the target price had yet another raise to $90, while Jefferies analysts kept a Buy rating on CVS stock.

The Average True Range (ATR) for CVS Health Corporation is set at 1.60, with the Price to Sales ratio for CVS stock in the period of the last 12 months amounting to 0.42. The Price to Book ratio for the last quarter was 1.57, with the Price to Cash per share for the same quarter was set at 6.63. Price to Free Cash Flow for CVS in the course of the last twelve months was 10.93 with Quick ratio for the last quarter at 0.60.

How has CVS stock performed recently?

CVS Health Corporation [CVS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.21. With this latest performance, CVS shares dropped by -1.05% in over the last four-week period, additionally plugging by 15.37% over the last 6 months – not to mention a rise of 22.46% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CVS stock in for the last two-week period is set at 50.91, with the RSI for the last a single of trading hit 41.25, and the three-weeks RSI is set at 55.73 for CVS Health Corporation [CVS]. The present Moving Average for the last 50 days of trading for this stock 80.95, while it was recorded at 86.12 for the last single week of trading, and 70.55 for the last 200 days.

CVS Health Corporation [CVS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and CVS Health Corporation [CVS] shares currently have an operating margin of +5.18 and a Gross Margin at +18.24. CVS Health Corporation’s Net Margin is presently recorded at +2.68.

Return on Total Capital for CVS is now 9.04, given the latest momentum, and Return on Invested Capital for the company is 4.88. Return on Equity for this stock inclined to 10.79, with Return on Assets sitting at 3.11. When it comes to the capital structure of this company, CVS Health Corporation [CVS] has a Total Debt to Total Equity ratio set at 122.56. Additionally, CVS Total Debt to Total Capital is recorded at 55.07, with Total Debt to Total Assets ending up at 35.66. Long-Term Debt to Equity for the company is recorded at 112.36, with the Long-Term Debt to Total Capital now at 50.48.

Reflecting on the efficiency of the workforce at the company, CVS Health Corporation [CVS] managed to generate an average of $23,960 per employee. Receivables Turnover for the company is 12.99 with a Total Asset Turnover recorded at a value of 1.16.CVS Health Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.90.

Earnings analysis for CVS Health Corporation [CVS]

With the latest financial reports released by the company, CVS Health Corporation posted 2.64/share EPS, while the average EPS was predicted by analysts to be reported at 1.93/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 36.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CVS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CVS Health Corporation go to 4.00%.

Insider trade positions for CVS Health Corporation [CVS]

There are presently around $84,791 million, or 78.70% of CVS stock, in the hands of institutional investors. The top three institutional holders of CVS stocks are: VANGUARD GROUP INC with ownership of 106,325,190, which is approximately 0.893% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 94,562,500 shares of the stock with an approximate value of $8.03 billion in CVS stocks shares; and STATE STREET CORP, currently with $4.52 billion in CVS stock with ownership of nearly -2.366% of the company’s market capitalization.

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Positions in CVS Health Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 1,165 institutional holders increased their position in CVS Health Corporation [NYSE:CVS] by around 48,753,640 shares. Additionally, 795 investors decreased positions by around 44,010,469 shares, while 185 investors held positions by with 905,360,817 shares. The mentioned changes placed institutional holdings at 998,124,926 shares, according to the latest SEC report filing. CVS stock had 181 new institutional investments in for a total of 10,183,986 shares, while 105 institutional investors sold positions of 3,375,375 shares during the same period.

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