Stock To Watch: CVS Health Corporation (NYSE:CVS)


The leading market experts have placed a mean price target of $111.76 on CVS Health Corporation (NYSE:CVS) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.79 a share for the upcoming quarter and $5.86 for the current fiscal. Technical View The technical analysis of CVS Health Corporation Common S plainly substantiates that the 50-day moving average of CVS Health Corporation Common S is $95.36, and stock is hovering 2.01 or +2.10% distant from $95.36. It is noted that the 200-day MA is $98.26, and CVS Health Corporation Common S stock is $-0.89 or -0.91% off from this point. CVS Health Corporation (NYSE:CVS) 52-week high is $109.35 and the 52-week low is $81.37. This explains if the stock moves $-11.98, it will post a 52-week high. In event of $+19.66% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of CVS Health Corporation Common S, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, CVS Health Corporation (NYSE:CVS) ratio came in at 22.40. The stock last ended the trading session at $97.37 and registered a market cap of $103.82B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. CVS Health Corporation (NYSE:CVS) PEG ratio is at 1.13.

1 Chart Pattern Every Investor Should Know

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