CVS Health Corporation [CVS] Is Currently 0.36 below its 200 Period Moving Avg: What Does This Mean?

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CVS Health Corporation [NYSE: CVS] closed the trading session at $102.77 on 12/28/21. The day’s price range saw the stock hit a low of $102.36, while the highest price level was $103.25. The company report on December 22, 2021 that CVS Health to Present at the 40th Annual J.P. Morgan Healthcare Conference.

CVS Health (NYSE: CVS) today announced that President and CEO Karen S. Lynch and Executive Vice President and Chief Financial Officer Shawn Guertin will present virtually at the 40th Annual J.P. Morgan Healthcare Conference on January 11, 2022, at approximately 8:15 am ET.


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About CVS HealthCVS Health is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and approximately 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses, and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that’s managing chronic diseases, staying compliant with their medications, or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Learn more at www.cvshealth.com.

The stocks have a year to date performance of 50.47 percent and weekly performance of 2.44 percent. The stock has been moved at 23.09 percent over the last six months. The stock has performed 12.29 percent around the most recent 30 days and changed 19.97 percent over the most recent 3-months.

If compared to the average trading volume of 5.76M shares, CVS reached to a volume of 2730539 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $110.73 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 2.00. 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.

Goldman have made an estimate for CVS Health Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 14, 2021. While these analysts kept the previous recommendation, Seaport Research Partners raised their target price to Buy. The new note on the price target was released on December 01, 2021, representing the official price target for CVS Health Corporation stock. Previously, the target price had yet another raise to $89, while Wells Fargo analysts kept a Equal Weight rating on CVS stock.

The Average True Range (ATR) for CVS Health Corporation is set at 1.81, with the Price to Sales ratio for CVS stock in the period of the last 12 months amounting to 0.47. The Price to Book ratio for the last quarter was 1.83, with the Price to Cash per share for the same quarter was set at 9.77. Price to Free Cash Flow for CVS in the course of the last twelve months was 10.74 with Quick ratio for the last quarter at 0.70.

CVS stock trade performance evaluation

CVS Health Corporation [CVS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.44. With this latest performance, CVS shares gained by 12.29% in over the last four-week period, additionally plugging by 23.09% over the last 6 months – not to mention a rise of 50.95% 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 75.72, with the RSI for the last a single of trading hit 81.54, and the three-weeks RSI is set at 71.85 for CVS Health Corporation [CVS]. The present Moving Average for the last 50 days of trading for this stock 93.57, while it was recorded at 101.63 for the last single week of trading, and 85.08 for the last 200 days.

CVS Health Corporation [CVS]: An insightful look at the core 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 0.70 and a Current Ratio set at 0.90.

Earnings per share (EPS) analysis for CVS Health Corporation [CVS] stock

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 5.71%.

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CVS Health Corporation [CVS]: Insider Ownership positions

There are presently around $104,718 million, or 78.90% of CVS stock, in the hands of institutional investors. The top three institutional holders of CVS stocks are: VANGUARD GROUP INC with ownership of 108,357,306, which is approximately 0.801% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 94,594,948 shares of the stock with an approximate value of $9.69 billion in CVS stocks shares; and STATE STREET CORP, currently with $5.66 billion in CVS stock with ownership of nearly 1.311% of the company’s market capitalization.

Positions in CVS Health Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 1,055 institutional holders increased their position in CVS Health Corporation [NYSE:CVS] by around 40,631,396 shares. Additionally, 827 investors decreased positions by around 38,688,105 shares, while 278 investors held positions by with 943,316,617 shares. The mentioned changes placed institutional holdings at 1,022,636,118 shares, according to the latest SEC report filing. CVS stock had 120 new institutional investments in for a total of 3,939,444 shares, while 87 institutional investors sold positions of 4,649,671 shares during the same period.