The price of CVS Health Corp (NYSE:CVS) shares last traded on Wall Street rose 1.20% to $59.06.
CVS stock price is now -1.90% away from the 50-day moving average and -15.73% away from the 200-day moving average. The market capitalization of the company currently stands at $74.14B.
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With the price target of $61, Robert W. Baird recently initiated with Neutral rating for CVS Health Corp (NYSE: CVS). On May 07, 2024, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $99 to quote $59, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Mahoney Michael F, Director bought 9,181 shares of the company’s stock on May 02 ’24. The stock was bought for $500,294 at an average price of $54.49. Upon completion of the transaction, the Director now directly owns 9,356 shares in the company, valued at $0.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’24, Director LUDWIG EDWARD J bought 1,000 shares of the business’s stock. A total of $53,879 was incurred on buying the stock at an average price of $53.88. This leaves the insider owning 21,630 shares of the company worth $1.28 million. A total of 0.18% of the company’s stock is owned by insiders.
During the past 12 months, CVS Health Corp has had a low of $52.77 and a high of $83.25. As of last week, the company has a debt-to-equity ratio of 1.11, a current ratio of 0.81, and a quick ratio of 0.61. The fifty day moving average price for CVS is $60.0102 and a two-hundred day moving average price translates $70.0302 for the stock.
The latest earnings results from CVS Health Corp (NYSE: CVS) was released for 2024-03-31. The net profit margin was 2.03% and return on equity was 10.07% for CVS. The company reported revenue of $88.44 billion for the quarter, compared to $85.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.7 percent.
