Stock Update: CVS Caremark Corporation (NYSE:CVS) – CVS Pharmacy in Target Locations Now Open in Utah

[PR Newswire] – WOONSOCKET, R.I., April 21, 2016 /PRNewswire/ — CVS Health (CVS) today announced that the first CVS Pharmacy locations in Target stores are now open in Utah. The pharmacies, located in the Ogden-Clearfield, Provo-Orem, Salt Lake City and St. George metropolitan areas, are being operated through a store-within-a-store format and are branded CVS Pharmacy. “We’re excited to introduce our integrated pharmacy services and health care expertise to Target guests in Utah,” said Hanley Wheeler, Senior Vice President, Retail Field Operations, for CVS Pharmacy. Read more on this. CVS Health Corporation (CVS) , currently valued at $111.44B, started the session at $102.51. Shares have traded today between $101.03 and $102.87 per share and has traded between $81.37 and $113.65 over the past 12 months. CVS shares are currently priced at 17.78x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.46x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.70 per share annually in dividends, yielding 1.64%. In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $1.16 per share, which would be $0.02 better than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.82 would be a $0.66 improvement 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 $43.01 Billion. If realized, that would be a 18.39% increase over the year-ago quarter. Recently, Atlantic Equities Initiated CVS at Overweight (Feb 3, 2016). Previously, Robert W. Baird Initiated CVS at to Outperform. With the above information in mind, readers should note that the average price target is $112.35, which is 9.60% above where the stock opened this morning. See more in (NYSE:CVS) Similar Articles: Stock Update: CVS Caremark Corporation (NYSE:CVS) – CVS Health to Expand Access to Opioid Overdose-Reversal Medication at CVS Pharmacy Locations in Eight Additional States Stock Update: CVS Caremark Corporation (NYSE:CVS) – CVS Health and Target Announce Completed Acquisition of Target’s Pharmacy and Clinic Businesses Market Update (NYSE:CVS): First MinuteClinic Walk-in Medical Clinics Open in Springfield, Missouri; Four Locations Inside Select CVS/pharmacy Stores
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