CVS Health Co. (NYSE:CVS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of CVS Health Co. (NYSE:CVSGet Rating) have been given a consensus recommendation of “Moderate Buy” by the twenty-five brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $117.86.

Several brokerages have weighed in on CVS. Royal Bank of Canada lowered their price target on CVS Health from $119.00 to $115.00 and set an “outperform” rating for the company in a report on Monday. Tigress Financial raised their price target on CVS Health from $125.00 to $130.00 in a report on Wednesday, August 17th. JPMorgan Chase & Co. reduced their price objective on CVS Health from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, November 3rd. Credit Suisse Group raised their price objective on CVS Health from $113.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, August 8th. Finally, StockNews.com started coverage on CVS Health in a research note on Wednesday, October 12th. They issued a “strong-buy” rating for the company.

CVS Health Price Performance

Shares of NYSE CVS opened at $99.91 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.69 and a current ratio of 0.94. The company has a market cap of $131.28 billion, a PE ratio of 42.51, a P/E/G ratio of 1.59 and a beta of 0.69. The business has a 50-day simple moving average of $96.77 and a two-hundred day simple moving average of $96.91. CVS Health has a fifty-two week low of $86.28 and a fifty-two week high of $111.25.

CVS Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Friday, October 21st were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, October 20th. CVS Health’s payout ratio is currently 93.62%.

Institutional Trading of CVS Health

Institutional investors have recently bought and sold shares of the business. Advisor Resource Council acquired a new stake in shares of CVS Health in the second quarter worth approximately $795,000. Brown Advisory Inc. boosted its stake in shares of CVS Health by 11.9% in the second quarter. Brown Advisory Inc. now owns 315,888 shares of the pharmacy operator’s stock worth $29,980,000 after acquiring an additional 33,520 shares during the last quarter. Eastern Bank boosted its stake in shares of CVS Health by 2.2% in the second quarter. Eastern Bank now owns 6,917 shares of the pharmacy operator’s stock worth $640,000 after acquiring an additional 149 shares during the last quarter. Equitable Trust Co. boosted its stake in shares of CVS Health by 2.7% in the first quarter. Equitable Trust Co. now owns 7,114 shares of the pharmacy operator’s stock worth $720,000 after acquiring an additional 186 shares during the last quarter. Finally, Dowling & Yahnke LLC boosted its stake in shares of CVS Health by 2.9% in the first quarter. Dowling & Yahnke LLC now owns 66,534 shares of the pharmacy operator’s stock worth $6,734,000 after acquiring an additional 1,858 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

CVS Health Company Profile

(Get Rating)

CVS Health Corporation provides health services in the United States. The company's Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates.

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Analyst Recommendations for CVS Health (NYSE:CVS)

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