Company Update: CVS Caremark Corporation (NYSE:CVS) – CVS Health To Present At The Goldman Sachs 37th Annual Global Healthcare Conference

[PR Newswire] – WOONSOCKET, R.I., May 27, 2016 /PRNewswire/ — CVS Health Corporation (NYSE: CVS) today announced that Dave Denton, executive vice president and chief financial officer, will be speaking to investors at … Read more on this. CVS Health Corporation (CVS) , valued at $104.33B, began trading this morning at $97.12. During the trading session, CVS traded between $96.70 to $97.27 with a one year range of $81.37 to $113.65. CVS shares are currently priced at 16.66x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 3.65x earnings multiple. The company pays shareholders $1.70 per share annually in dividends, yielding 1.73%. According to a consensus of 23 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. Investors should also note that the full-year EPS estimate of $5.82 is a $0.66 better when compared to the previous year’s annual results. 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. The average price target for CVS shares by the analysts covering it is $114.48, which is 17.87% above where the stock opened. See more in (NYSE:CVS) Similar Articles: Stock Update (NYSE:JNJ): Johnson & Johnson to Participate in the Goldman Sachs 37th Annual Global Healthcare Conference 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 To Present At The 34th Annual J.P. Morgan Healthcare Conference
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