CVS Health Corp (NYSE: CVS) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 1.29B common shares owned by the public and among those 1.26B shares have been available to trade.

The company’s stock has a 5-day price change of -9.44% and 3.45% over the past three months. CVS shares are trading -23.58% year to date (YTD), with the 12-month market performance down to -15.12% lower. It has a 12-month low price of $52.77 and touched a high of $83.25 over the same period. CVS has an average intraday trading volume of 9.66 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.29%, 0.91%, and -7.71% respectively.

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Institutional ownership of CVS Health Corp (NYSE: CVS) shares accounts for 82.72% of the company’s 1.29B shares outstanding.

It has a market capitalization of $75.91B and a beta (3y monthly) value of 0.53. The stock’s trailing 12-month PE ratio is 10.74, while the earnings-per-share (ttm) stands at $5.62. The company has a PEG of 2.88 and a Quick Ratio of 0.66 with the debt-to-equity ratio at 1.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.95% over the week and 2.46% over the month.

Earnings per share for the fiscal year are expected to decrease by -25.82%, and 13.11% over the next financial year.

Looking at the support for the CVS, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on October 10, 2024, with the firm’s price target at $63-$82. TD Cowen coverage for the CVS Health Corp (CVS) stock in a research note released on October 04, 2024 offered a Buy rating with a price target of $85. Robert W. Baird was of a view on May 30, 2024 that the stock is Neutral, while TD Cowen gave the stock Hold rating on May 07, 2024, issuing a price target of $99- $59. UBS on their part issued Neutral rating on May 02, 2024.

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