CVS Health Corp (NYSE:CVS) traded at $67.67 at last check on Monday, April 29, made an upward move of 0.73% on its previous day’s price.
Looking at the stock we see that its previous close was $67.18. The company has a trailing 12-month PE ratio of 10.46. In terms of its 52-week price range, CVS has a high of $83.25 and a low of $64.41. The company’s stock has lost about -15.16% over that past 30 days.
CVS Health Corp has a market cap of $85.16 billion. With its Forward Dividend at 2.54 and a yield of 3.75%, the company’s investors could be anxious for the CVS stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.71, with the EPS growth for the year raised at $8.3 for 2024 and $9.16 for next year. These figures represent -5.00% and 10.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $89.2 billion, with a low of $87.42 billion and a high of $91.18 billion. The median projection represents growth squeezing down to 10.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $370.82 billion, or 3.60% up from figures reported last year.
On the other hand, looking at the outlook for the CVS stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note that the PEG ratio for the CVS stock currently stands at 2.83, and the most recent price level today is -4.69% off its SMA20 and -8.99% from its 50-day simple moving average. The RSI (14) is pointing at 29.96 while the volatility over the past week is 1.50% and jumps to 2.03% over the past one month. The beta value is 0.55, while the average true range (ATR) is currently pointing at 1.44.
Coming back to CVS Health Corp (NYSE:CVS), we note that the average 3-month trading volume was 9.36 million. Current shares outstanding are 1.29 billion.
The insiders hold 0.19% of the company’s shares while institutions hold 81.97%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -14.30% down in year-to-date price movement.
