Market Update: CVS Caremark Corporation (NYSE:CVS) – MinuteClinic Announces First-of-its-Kind Initiative with the Veterans Affairs Palo Alto Health Care System

[PR Newswire] – WOONSOCKET, R.I., May 24, 2016 /PRNewswire/ — MinuteClinic, the walk-in medical clinic of CVS Health (NYSE: CVS), announced today a new initiative with the Department of Veterans Affairs Palo Alto Health … Read more on this. CVS Health Corporation (CVS) , with a current value of $104.59B, began trading this morning at $98.59. A quick look at the market, the company’s stock traded between $97.13 and $98.84 and has traded between $81.37 and $113.65 over the past year. CVS shares are currently priced at 17.35x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 3.65x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.70 per share annually in dividends, yielding 1.73%. According to a consensus of 22 analysts, the earnings estimate of $1.30 per share would be $0.08 better than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $5.82 which would be a $0.66 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $44.29 Billion. If realized, that would be a 19.16% increase over the year-ago quarter. In terms of ratings, Atlantic Equities Initiated CVS at Overweight (Feb 3, 2016). Previously, Robert W. Baird Initiated CVS at to Outperform. Given all the information above, we should disclose to readers that the average price target is $114.73, which is 16.37% above than it opened this morning. See more in (NYSE:CVS) Similar Articles: Market Update: CVS Caremark Corporation (NYSE:CVS) – MinuteClinic Opens Its First Walk-in Medical Clinics Inside Chicagoland Target Stores Stock Update: CVS Caremark Corporation (NYSE:CVS) – CVS Health Receives URAC Accreditation for Mail Service Pharmacy Company Update: CVS Caremark Corporation (NYSE:CVS) – CVS Health’s MinuteClinic Marks Decade of Accreditation from The Joint Commission With Latest Evaluation