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CVS Stock is Nearing a 52-Week Low, Better Buy Than Walgreens?
MarketBeat· 2024-04-30 13:25
Key PointsCVS Stock trades near a 52-week low, allowing investors to build a potential bull case. Compared to its closest competitor, Walgreens, CVS still holds more market share, and markets reward this. Financials back analysts' EPS projections and price targets to give investors the upside they could be hunting for.5 stocks we like better than UBS GroupAfter underperforming its peers in the healthcare sector, shares of CVS Health Co. NYSE: CVS are now nearing a 52-week low price. Underperforming the Heal ...
Higher Medical Costs Likely Weighed On CVS Health's Q1 Earnings
Forbes· 2024-04-29 11:00
NEW YORK - NY - MARCH 01: People visit the CVS pharmacy store at Times Square on March 1, 2024 in ... [+] New York City. (Photo by Eduardo Munoz Alvarez/VIEWpress via Getty Images)Corbis via Getty ImagesCVS Health (NYSE: CVS) will report its Q1 2024 results on Wednesday, May 1. We expect the company’s revenues to come in at $90 billion, slightly above the consensus estimate of $89.2 billion. This would mark year-over-year growth of 5.5%. Earnings will likely come in at about $1.74 on a per-share and adjuste ...
Is This Beaten-Down Dividend Stock a Buy?
The Motley Fool· 2024-04-27 15:50
The company has one major strength: It offers essential services.Dividend stocks are often in high demand due to the passive income they provide and their ability to deliver superior returns over long periods. So finding excellent income stocks to buy on the dip is a dream come true for many investors -- but only if the company in question has what it takes to rebound.Is that the case for CVS Health (CVS -0.22%)? The healthcare giant has lagged the market over the past year. Keep reading to discover whether ...
A CVS pharmacy in Vegas becomes first to join new national pharmacy union
CNBC· 2024-04-26 18:02
The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada on February 7, 2024.A CVS in Las Vegas has become the first location to join a new national pharmacy union, a milestone as organizers try to help thousands of U.S. pharmacy workers address what they call unsafe working conditions. Nearly 30 pharmacy staff at the Las Vegas branch of CVS's Omnicare won their union election on Thursday by a landslide margin of 87% to 13%. The pharmacists and pharmacy technicians th ...
Gear Up for CVS Health (CVS) Q1 Earnings: Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-04-26 14:21
The upcoming report from CVS Health (CVS) is expected to reveal quarterly earnings of $1.69 per share, indicating a decline of 23.2% compared to the year-ago period. Analysts forecast revenues of $89.22 billion, representing an increase of 4.6% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timef ...
Why CVS Health (CVS) Dipped More Than Broader Market Today
Zacks Investment Research· 2024-04-25 22:56
CVS Health (CVS) closed the latest trading day at $67.33, indicating a -0.65% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.46%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 0.64%.Prior to today's trading, shares of the drugstore chain and pharmacy benefits manager had lost 14.68% over the past month. This has lagged the Retail-Wholesale sector's loss of 3.05% and the S&P 500's loss of 3.04% in that time.The upcoming earni ...
CVS Health opens new workforce development and community resource center in Baton Rouge
Prnewswire· 2024-04-25 13:00
Staff specialists to provide comprehensive skills training and job placement, as well as wraparound health care services BATON ROUGE, La., April 25, 2024 /PRNewswire/ -- CVS Health® (NYSE: CVS) today announced the opening of a new workforce development and community resource center designed to help the Baton Rouge community overcome employment barriers and increase access to local health care services. CVS Health opens new facility to help the Baton Rouge community overcome employment barriers and increa ...
Baum Family Investments Embarks on Triple Net Lease Strategy with $250 Million Acquisition Goal
Prnewswire· 2024-04-23 20:10
BOCA RATON, Fla., April 23, 2024 /PRNewswire/ -- Baum Family Investments (BFI) proudly announces its official debut in the real estate investment landscape. With over fifteen years of expertise in triple net leased investments and the backing of prominent family offices in Detroit, Miami, and New York, BFI enters the market poised for success. Led by Aaron Baum, a seasoned investor and capital manager with a track record of advising, brokering, and acquiring over $175,000,0000 in net leased real estate nati ...
CVS Health: 8x P/E, 8% Growth Projection - It's A Market Blind Spot
Seeking Alpha· 2024-04-22 17:55
sturti/E+ via Getty ImagesMedicare Advantage headwind CVS Health Corporation (NYSE:CVS) has been facing some pretty strong headwinds recently. More specifically, the following chart shows the investment returns from CVS stock with a comparison against the broader market (approximated by SPY). On a year-to-date basis, CVS stock has underperformed by a large margin both in absolute and relative terms. It suffered a loss of more than 10% year-to-date, while SPY delivered a total return of 4.5%. Seeking Al ...
Wall Street Analysts Think CVS Health (CVS) Is a Good Investment: Is It?
Zacks Investment Research· 2024-04-22 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about CVS Health (CVS) .CVS Health currently has an average brokerage recommenda ...