In the latest trading session,, 1.57 million CVS Health Corp (NYSE:CVS) shares changed hands as the company’s beta touched 0.60. With the company’s most recent per share price at $64.91 changed hands at -$0.02 or -0.04% at last look, the market valuation stands at $81.94B. CVS’s current price is a discount, trading about -10.08% off its 52-week high of $71.45. The share price had its 52-week low at $43.56, which suggests the last value was 32.89% up since then. When we look at CVS Health Corp’s average trading volume, we note the 10-day average is 9.56 million shares, with the 3-month average coming to 10.50 million.
Analysts gave the CVS Health Corp (CVS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.83. If we narrow down to specifics, the data shows that 0 out of 20 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended CVS as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight. CVS Health Corp’s EPS for the current quarter is expected to be 1.67.
CVS Health Corp (NYSE:CVS) trade information
Instantly CVS was in red as seen in intraday trades today. With action -0.83%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 44.59%, with the 5-day performance at -0.83% in the red. However, in the 30-day time frame, CVS Health Corp (NYSE:CVS) is -3.33% down. Looking at the short shares, we see there were 18.65 million shares sold at short interest cover period of 1.69 days.
The consensus price target for the stock as assigned by Wall Street analysts is 66, meaning bulls need an upside of 1.65% from its recent market value. According to analyst projections, CVS’s forecast low is 66 with 77 as the target high. To hit the forecast high, the stock’s price needs a -18.63% plunge from its current level, while the stock would need to soar -1.68% for it to hit the projected low.
CVS Health Corp (CVS) estimates and forecasts
Year-over-year growth is forecast to reach 4.39% up from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of 93.37B. 18 analysts are of the opinion that CVS Health Corp’s revenue for the current quarter will be 95.08B. The company’s revenue for the corresponding quarters a year ago was 88.44B and 91.23B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 5.57%. The estimates for the next quarter sales put growth at 4.21%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -6.37%. The 2025 estimates are for CVS Health Corp earnings to increase by 9.19%, but the outlook for the next 5-year period is at 13.57% per year.
CVS Dividends
CVS Health Corp is expected to release its next quarterly earnings report on 2025-Feb-11. The 4.10% annual yield figure for the share gives it an annual dividend of 2.66. It is important to note, however, that the 4.10% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.09 per year.
CVS Health Corp (NYSE:CVS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.07% of CVS Health Corp shares while 85.05% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.97%. There are 85.05% institutions holding the CVS Health Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.2635% of the shares, roughly 116.35 million CVS shares worth $6.87 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.9738% or 100.15 million shares worth $5.91 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Dodge & Cox Funds-Dodge & Cox Stock Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . With 46.04 shares estimated at $2.98 billion under it, the former controlled 3.65% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 3.13% of the shares, roughly 39.44 shares worth around $2.55 billion.
