The stock of CVS Health Corp (NYSE:CVS) is a huge mover today! About 2.55M shares traded hands. CVS Health Corp (NYSE:CVS) has declined 27.29% since April 26, 2016 and is downtrending. It has underperformed by 32.55% the S&P500.
The move comes after 8 months positive chart setup for the $81.54B company. It was reported on Nov, 29 by Barchart.com. We have $80.26 PT which if reached, will make NYSE:CVS worth $4.89B more.
Analysts await CVS Health Corp (NYSE:CVS) to report earnings on February, 14. They expect $1.67 EPS, up 9.15% or $0.14 from last year’s $1.53 per share. CVS’s profit will be $1.80B for 11.34 P/E if the $1.67 EPS becomes a reality. After $1.64 actual EPS reported by CVS Health Corp for the previous quarter, Wall Street now forecasts 1.83% EPS growth.
CVS Health Corp (NYSE:CVS) Ratings Coverage
Out of 15 analysts covering CVS Health (NYSE:CVS), 11 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 73% are positive. CVS Health has been the topic of 23 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Vetr on Monday, August 24. The rating was downgraded by Morgan Stanley on Monday, June 20 to “Equal-Weight”. The company was maintained on Thursday, December 17 by Oppenheimer. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, July 22. The rating was downgraded by Goldman Sachs on Thursday, December 17 to “Neutral”. Argus Research maintained the stock with “Buy” rating in Monday, August 10 report. Citigroup maintained the stock with “Neutral” rating in Monday, May 9 report. On Wednesday, August 5 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of CVS Health Corp (NYSE:CVS) has “Outperform” rating given on Monday, November 2 by Oppenheimer. The firm has “Buy” rating by Jefferies given on Thursday, May 12.
According to Zacks Investment Research, “CVS Health Corporation is a pharmacy innovation company. Its offerings include pharmacy benefit management services, mail order, retail and specialty pharmacy, disease management programs, and retail clinics. The Company serves employers, insurance companies, unions, government employee groups, managed care organizations and other sponsors of health benefit plans, and individuals under the CVS Caremark Pharmacy Services, Caremark, CVS Caremark, CarePlus CVS/pharmacy, RxAmerica, Accordant, SilverScript, and Novologix names. CVS Health Corporation, formerly known as CVS Caremark Corporation, is headquartered in Woonsocket, Rhode Island.”
Insitutional Activity: The institutional sentiment decreased to 0.98 in Q2 2016. Its down 0.02, from 1 in 2016Q1. The ratio worsened, as 67 funds sold all CVS Health Corp shares owned while 574 reduced positions. 97 funds bought stakes while 544 increased positions. They now own 833.68 million shares or 6.91% less from 895.55 million shares in 2016Q1.
Quantres Asset Ltd has 0.65% invested in the company for 11,000 shares. Rmb Mgmt Ltd Com has invested 0.56% of its portfolio in CVS Health Corp (NYSE:CVS). The Ohio-based Foster And Motley has invested 0.06% in CVS Health Corp (NYSE:CVS). Baring Asset Mgmt Ltd accumulated 1.01% or 129,051 shares. Moreover, Perkins Cap Mgmt has 1.23% invested in CVS Health Corp (NYSE:CVS) for 11,183 shares. Manchester Capital Mgmt Limited Com last reported 3,761 shares in the company. Schmidt P J Investment Mgmt Inc holds 0.78% or 21,883 shares in its portfolio. Twin Tree Mgmt L P has 1,202 shares for 0% of their US portfolio. Trustmark National Bank & Trust Department accumulated 10,875 shares or 0.13% of the stock. Stillwater Capital Advsr Lc has 2.48% invested in the company for 86,772 shares. Bbva Compass Bankshares holds 0.42% of its portfolio in CVS Health Corp (NYSE:CVS) for 58,049 shares. Tdam Usa last reported 53,695 shares in the company. Penobscot Mgmt has invested 2.15% of its portfolio in CVS Health Corp (NYSE:CVS). Moreover, Acadian Asset Mgmt Lc has 0.07% invested in CVS Health Corp (NYSE:CVS) for 151,429 shares. Everence Capital has 28,061 shares for 0.82% of their US portfolio.
More news for CVS Health Corp (NYSE:CVS) were recently published by: Fool.com, which released: “CVS Health Corporation Lowers Guidance Due to Recent Walgreens Wins” on November 08, 2016. Fool.com‘s article titled: “Is CVS Health a Buffett Stock?” and published on November 23, 2016 is yet another important article.
CVS Company Profile
CVS Health Corporation, incorporated on August 22, 1996, together with its subsidiaries (CVS Health), is a pharmacy company. The Firm operates through three business divisions: Pharmacy Services, Retail/LTC and Corporate. The Firm offers a range of services and products, such as advising patients on their medications at its CVS Pharmacy locations, introducing programs to help control costs for its clients at CVS Caremark, how care is delivered to its patients with conditions through CVS Specialty, pharmacy care for the senior community through Omnicare. The Pharmacy Services Segment provides a range of pharmacy benefit management (PBM) solutions. The Retail Pharmacy segment includes retail drugstores, online retail pharmacy Websites and its retail healthcare clinics.
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