CVS Health Corp [NYSE: CVS] gained 0.47% or 0.27 points to close at $57.24 with a heavy trading volume of 8187281 shares.
The daily chart for CVS points out that the company has recorded -22.48% loss over the past six months.
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If we look at the average trading volume of 9.79M shares, CVS reached to a volume of 8187281 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about CVS Health Corp [CVS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CVS shares is $64.70 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 2.15. 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.
Robert W. Baird have made an estimate for CVS Health Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 30, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $99 to $59. The new note on the price target was released on May 07, 2024, representing the official price target for CVS Health Corp stock. Previously, the target price had yet another drop from $85 to $60, while UBS kept a Neutral rating on CVS stock. On May 01, 2024, analysts decreased their price target for CVS shares from 87 to 60.
The Average True Range (ATR) for CVS Health Corp is set at 1.31, with the Price to Sales ratio for CVS stock in the period of the last 12 months amounting to 0.20. The Price to Book ratio for the last quarter was 0.96, with the Price to Cash per share for the same quarter was set at 12.97. Price to Free Cash Flow for CVS in the course of the last twelve months was 13.66 with Quick ratio for the last quarter at 0.66.
Trading performance analysis for CVS stock
CVS Health Corp [CVS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.57. With this latest performance, CVS shares dropped by -4.65% in over the last four-week period, additionally sinking by -22.48% over the last 6 months – not to mention a drop of -14.35% 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 45.32, with the RSI for the last a single of trading hit 43.81, and the three-weeks RSI is set at 45.89 for CVS Health Corp [CVS]. The present Moving Average for the last 50 days of trading for this stock 58.60, while it was recorded at 57.52 for the last single week of trading, and 67.47 for the last 200 days.
CVS Health Corp [CVS]: A deeper dive into fundamental analysis
CVS Health Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.66 and a Current Ratio set at 0.86.
CVS Health Corp [CVS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, CVS Health Corp posted 2.21/share EPS, while the average EPS was predicted by analysts to be reported at 2.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.08. 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 Corp go to -0.84%.
An analysis of Institutional ownership at CVS Health Corp [CVS]
There are presently around $83.71%, or 83.81%% of CVS stock, in the hands of institutional investors. The top three institutional holders of CVS stocks are: VANGUARD GROUP INC with ownership of 116.35 million shares, which is approximately 9.2341%. BLACKROCK INC., holding 100.15 million shares of the stock with an approximate value of $$5.91 billion in CVS stocks shares; and BLACKROCK INC., currently with $$3.64 billion in CVS stock with ownership which is approximately 4.8955%.
