Market Update: CVS Caremark Corporation (NYSE:CVS) – MinuteClinic Opens Its First Walk-in Medical Clinics Inside Chicagoland Target Stores

[PR Newswire] – WOONSOCKET, R.I., April 25, 2016 /PRNewswire/ — MinuteClinic, the retail medical clinic of CVS Health, has opened its first locations inside Target stores in the Chicago area. The clinics – located in … Read more on this. CVS Health Corporation (CVS) , valued at $111.53B, started trading this morning at $101.00. A quick look at the market, the company’s stock traded between $100.78 and $101.47 with the price of the stock fluctuating between $81.37 to $113.65 over the last 52 weeks. Priced at 17.39x this year’s forecasted earnings, CVS shares are relatively expensive compared to the industry’s 13.53x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.70 per share annually in dividends, yielding 1.68%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $1.16 per share, which would be $0.02 better than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is 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 $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. Investors should keep in mind is that the average price target is $112.35, which is 11.24% above where the stock opened this morning. See more in (NYSE:CVS) Similar Articles: Company Update: CVS Caremark Corporation (NYSE:CVS) – CVS Health’s MinuteClinic Marks Decade of Accreditation from The Joint Commission With Latest Evaluation 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