CVS Health Corp [NYSE: CVS] stock went on a downward path that fall over -3.45% on Friday, amounting to a one-week price decrease of less than -4.23%.
Over the last 12 months, CVS stock dropped by -23.06%. The one-year CVS Health Corp stock forecast points to a potential upside of 20.02. The average equity rating for CVS stock is currently 1.97, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $64.63 billion, with 1.29 billion shares outstanding and 1.26 billion shares in the current float. Compared to the average trading volume of 10.96M shares, CVS stock reached a trading volume of 16659738 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $66.50 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 1.97. 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.
Barclays have made an estimate for CVS Health Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 10, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $59 to $85. The new note on the price target was released on October 04, 2024, representing the official price target for CVS Health Corp stock. Previously, the target price had yet another raise to $61, while Robert W. Baird analysts kept a Neutral rating on CVS stock. On May 07, 2024, analysts decreased their price target for CVS shares from 99 to 59.
The Average True Range (ATR) for CVS Health Corp is set at 2.06, with the Price to Sales ratio for CVS stock in the period of the last 12 months amounting to 0.18. The Price to Book ratio for the last quarter was 0.89, with the Price to Cash per share for the same quarter was set at 8.02. Price to Free Cash Flow for CVS in the course of the last twelve months was 38.31 with Quick ratio for the last quarter at 0.59.
CVS Stock Performance Analysis:
CVS Health Corp [CVS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.23. With this latest performance, CVS shares dropped by -16.46% in over the last four-week period, additionally sinking by -7.78% over the last 6 months – not to mention a drop of -23.06% 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 38.22, with the RSI for the last a single of trading hit 36.43, and the three-weeks RSI is set at 39.96 for CVS Health Corp [CVS]. The present Moving Average for the last 50 days of trading for this stock 59.20, while it was recorded at 54.48 for the last single week of trading, and 63.38 for the last 200 days.
Insight into CVS Health Corp Fundamentals:
CVS Health Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.59 and a Current Ratio set at 0.80.
CVS Stock EPS
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 -2.54%.
CVS Health Corp [CVS] Institutonal Ownership Details
There are presently around $82.84%, or 82.94%% 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%.
