CVS Health Corp [CVS] stock prices are up 2.65% to $64.59 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CVS shares have gain 5.23% over the last week, with a monthly amount glided 11.23%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CVS Health Corp [NYSE: CVS] stock has seen the most recent analyst activity on October 04, 2024, when TD Cowen upgraded its rating to a Buy and also boosted its price target to $85 from $59. Previously, Robert W. Baird started tracking the stock with Neutral rating on May 30, 2024, and set its price target to $61. On May 07, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $59 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $60 on May 02, 2024. Leerink Partners downgraded its rating to a Market Perform and reduced its price target to $60 on May 01, 2024. Cantor Fitzgerald downgraded its rating to Neutral for this stock on May 01, 2024. In a note dated March 06, 2024, Barclays initiated an Equal Weight rating and provided a target price of $78 on this stock.
The stock price of CVS Health Corp [CVS] has been fluctuating between $52.77 and $83.25 over the past year. Currently, Wall Street analysts expect the stock to reach $103.77 within the next 12 months. CVS Health Corp [NYSE: CVS] shares were valued at $64.59 at the most recent close of the market. An investor can expect a potential return of 60.66% based on the average CVS price forecast.
Analyzing the CVS fundamentals
The CVS Health Corp [NYSE:CVS] reported sales of 363.65B for trailing twelve months, representing a surge of 2.59%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.1 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.91.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 63.65 points at the first support level, and at 62.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.55, and for the 2nd resistance point, it is at 66.51.
Ratios To Look Out For
It’s worth pointing out that CVS Health Corp [NYSE:CVS]’s Current Ratio is 0.86. Also, the Quick Ratio is 0.66, while the Cash Ratio stands at 0.15. Considering the valuation of this stock, the price to sales ratio is 0.22, the price to book ratio is 1.08 and price to earnings (TTM) ratio is 11.49.
Transactions by insiders
Recent insider trading involved LUDWIG EDWARD J, Director, that happened on May 02 ’24 when 1000.0 shares were purchased. Director, Mahoney Michael F completed a deal on May 02 ’24 to buy 9181.0 shares. Meanwhile, EVP and Pres-Pharm, Consumer W Shah Prem S sold 29473.0 shares on Feb 16 ’24.
