CVS Health Corporation (CVS)

NYSE: CVS · IEX Real-Time Price · USD
73.84
-0.53 (-0.71%)
Mar 1, 2024, 4:00 PM EST - Market closed
-0.71%
Market Cap 92.92B
Revenue (ttm) 357.78B
Net Income (ttm) 8.34B
Shares Out 1.26B
EPS (ttm) 6.47
PE Ratio 11.41
Forward PE 8.80
Dividend $2.66 (3.60%)
Ex-Dividend Date Jan 19, 2024
Volume 7,237,263
Open 74.63
Previous Close 74.37
Day's Range 73.04 - 74.67
52-Week Range 64.41 - 83.25
Beta 0.49
Analysts Buy
Price Target 90.14 (+22.08%)
Earnings Date Feb 7, 2024

About CVS

CVS Health Corporation provides health solutions in the United States. It operates through Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness segments. The 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. The Health Services segment offers phar... [Read more]

Sector Healthcare
Founded 1963
Employees 300,000
Stock Exchange NYSE
Ticker Symbol CVS
Full Company Profile

Financial Performance

In 2023, CVS Health's revenue was $357.78 billion, an increase of 10.95% compared to the previous year's $322.47 billion. Earnings were $8.34 billion, an increase of 93.55%.

Financial Statements

Analyst Forecast

According to 22 analysts, the average rating for CVS stock is "Buy." The 12-month stock price forecast is $90.14, which is an increase of 22.08% from the latest price.

Price Target
$90.14
(22.08% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CVS And Walgreens Will Start Selling Abortion Pills This Month: Here's What We Know

CVS and Walgreens will begin selling the abortion pill mifepristone at pharmacies across select states in the coming weeks, as the Supreme Court gears up to hear oral arguments about the drug at the e...

Other symbols: WBA
2 days ago - Forbes

CVS and Walgreens to start dispensing abortion pill in a few states this month

He added that Walgreens was “not going to dispense in states where the laws are unclear” -- such as in Kansas, Montana and Wyoming, where abortion laws are being challenged and are currently in limbo ...

Other symbols: WBA
2 days ago - New York Post

CVS and Walgreens will start dispensing abortion pill mifepristone in select states in coming weeks

CVS Health Corp. and Walgreens Boots Alliance Inc. said Friday they will start to offer the abortion pill mifepristone in select states starting this month.

Other symbols: WBA
2 days ago - Market Watch

CVS and Walgreens to start selling abortion pill mifepristone this month

CVS and Walgreens have received certification from the FDA to dispense the commonly used mifepristone at their retail pharmacies, spokespeople told CNBC.

Other symbols: WBA
2 days ago - CNBC

CVS, Walgreens to begin selling abortion pill this month

CVS and Walgreens, the two largest U.S. pharmacy chains, will start selling abortion pill mifepristone at their stores in several states this month.

Other symbols: WBA
2 days ago - Reuters

CVS Health Ramps Up Affordable Housing Push

CVS Health, one of the nation's largest providers of medical care at its drugstores and clinics, is ramping investments in housing as the company intensifies strategies to address social determinants ...

2 days ago - Forbes

Calls of the Day: Salesforce and CVS

Calls of the Day: Salesforce and CVS getting some bullish calls from the street. The Investment Committee debate these stocks.

Other symbols: CRM
6 days ago - CNBC Television

Grubhub Grows Convenience Offering with CVS Pharmacy

Just in time for the start of daylight saving time, customers can score deals on health, wellness and other convenience items so they can spring forward with ease CHICAGO , Feb. 22, 2024 /PRNewswire/ ...

Other symbols: JTKWY
10 days ago - PRNewsWire

CVS Health invests nearly $35 million in affordable housing in Hawai'i

The investments are one of many initiatives ranging from retail to workforce and philanthropy that exemplify the company's longstanding commitment to the people of Hawai'i WOONSOCKET, R.I. , Feb. 21, ...

11 days ago - PRNewsWire

CVS Health to participate at the 45nd Annual Raymond James Institutional Investors Conference

WOONSOCKET, R.I. , Feb. 21, 2024 /PRNewswire/ -- CVS Health (NYSE: CVS) today announced that Executive Vice President and Chief Financial Officer Tom Cowhey will participate in a fireside chat with in...

11 days ago - PRNewsWire

CVS Sticking With Clinic Expansion Strategy Despite Walgreens Woes

CVS Health chief executive officer Karen Lynch said the healthcare giant is sticking with its expansion strategy for Oak Street Health to open 50 to 60 clinics for seniors next year.

24 days ago - Forbes

CVS has natural hedges built in the business due to healthcare, managed care, and pharmacy: Analyst

Despite reporting better-than-expected fourth-quarter earnings results, CVS Health (CVS) had to cut its full-year outlook due to medical cost pressures. Piper Sandler Healthcare Analyst Jessica Tassan...

25 days ago - Yahoo Finance

CVS Beats Estimates, but Cuts Full-Year Profit Outlook on Higher Medical Costs

CVS Healthcare (CVS) shares gained ground on Wednesday after the company reported better-than-expected earnings but lowered its 2024 guidance due to an increase in insurance payouts.

25 days ago - Investopedia

CVS Enhances Omnichannel Services to Offer Customers More Connected Healthcare Experience

CVS Health announced profitable fourth-quarter (Q4) and full-year earnings on Wednesday (Feb. 7), crediting initiatives to improve primary care and expand omnichannel health services. These efforts ai...

25 days ago - PYMNTS

CVS Health Cuts 2024 Guidance Due to Higher Medical Costs

The healthcare company's revised earnings projections are likely to add to investor uncertainty about the Medicare Advantage business.

25 days ago - WSJ

CVS beats estimates, but cuts full-year profit outlook on higher medical costs

CNBC's Bertha Coombs joins 'Squawk Box' to discuss the company's quarterly earnings results.

25 days ago - CNBC Television

CVS Health Profits Hit $2 Billion As Company Benefits From Obamacare And New Businesses

CVS Health reported net income of $2 billion thanks to double-digit percentage growth in the company's healthcare benefits and services businesses that included contributions from a big boost in Obama...

25 days ago - Forbes

CVS' stock slips after earnings beat by a wide margin but full-year outlook was cut due to higher medical costs

Shares of CVS Health Corp. CVS, +1.82% fell 0.3% in premarket trading Wednesday, after the drugstore chain and health care services company's fourth-quarter results beat expectations by wide margins, ...

25 days ago - Market Watch

CVS cuts 2024 profit forecast on elevated medical costs

CVS Health lowered its adjusted profit forecast for 2024 on Wednesday after an increase in medical care among older adults in the United States drove up fourth-quarter costs at its insurance business.

25 days ago - Reuters

CVS HEALTH REPORTS FOURTH QUARTER AND FULL-YEAR 2023 RESULTS

WOONSOCKET, R.I. , Feb. 7, 2024 /PRNewswire/ -- CVS Health Corporation (NYSE: CVS) today announced operating results for the three months and year ended December 31, 2023.

25 days ago - PRNewsWire

CVS Health Earnings Are Soon. Medicare Advantage Will Be in Focus.

The company is a major player in the Medicare Advantage business, along with Humana and UnitedHealth.

26 days ago - Barrons

CVS Health adds two new renewable energy projects with Constellation

The two investments will reduce the company's carbon footprint by nearly 114,000 metric tons annually WOONSOCKET, R.I. , Jan. 25, 2024 /PRNewswire/ -- CVS Health® (NYSE: CVS) today announced two agree...

5 weeks ago - PRNewsWire

Tyson Foods drops CVS for upstart pharmacy benefit manager, as industry upheaval over cost concerns spreads

Tyson Foods drops CVS for startup PBM offering drug price transparency

Other symbols: TSNUPST
5 weeks ago - CNBC

Analysts' Top S&P 500 Dividend Stocks to Buy Now

Analysts' top-rated dividend stocks in the S&P 500 yielding at least 3% include blue-chip stalwarts such as Coca-Cola, CVS Health and Chevron.

Other symbols: AMTARECVXDTEFANGHSTKO
5 weeks ago - Kiplinger

Strategist says investors should buy CVS, skip Walgreens

In the latest installment of Yahoo Finance's Good Buy or Goodbye, Julie Hyman is joined by F/m Investments President and CIO Alex Morris to discuss his stock picks to buy and avoid in the healthcare s...

Other symbols: WBA
5 weeks ago - Yahoo Finance