Economy

CVS Health Corporation (CVS) Reaches New 12-Month Low on Analyst Downgrade

French Connection Group PLC had 14 analyst reports since September 21, 2015 according to SRatingsIntel. (NYSE:HE) has "Sell" rating given on Tuesday, October 24 by Bank of America. The firm has "Add" rating given on Monday, November 30 by Numis Securities. They issued a "hold" rating and a $83.00 price target for the company. Goldman Sachs downgraded the shares of CVS in report on Thursday, December 17 to "Neutral" rating. Also, insider Larry J. Merlo sold 241,150 shares of the stock in a transaction on Wednesday, September 13th. Cantor Fitzgerald has "Hold" rating and GBX 40 target. WBB Securities upgraded it to "Hold" rating and $3.25 target in Thursday, March 16 report. New Jersey-based Roundview Cap Ltd Liability Corporation has invested 0.2% in CVS Health Corp (NYSE:CVS). (CVS) stake by 35.4% reported in 2017Q2 SEC filing.

Jefferies reduced its price target to $76 from $86 and reaffirmed its hold rating for CVS Health shares, telling its clients to stay on the sidelines until the uncertainty passes.

"Since it is hard to refute either overhang, we believe investors will continue to put a discount on CVS shares until some clarity emerges on these issues". The Hm Payson & Company holds 32,911 shares with $2.65M value, down from 39,281 last quarter. Wayne Hummer Investments L.L.C.'s holdings in CVS Health Corporation were worth $2,103,000 at the end of the most recent quarter. Its stock declined 3.5 percent Monday, closing at $66.80 after the announcements.

State Board of Administration of Florida Retirement System cut its holdings in shares of CVS Health Corporation (NYSE:CVS) by 2.8% during the second quarter, according to the company in its most recent disclosure with the SEC. It has underperformed by 41.10% the S&P500.

Investors sentiment decreased to 0.92 in Q2 2017.

The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.56 and a current ratio of 1.09. It worsened, as 84 investors sold CVS shares while 559 reduced holdings. The pharmacy operator reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.01. Chem Commercial Bank invested 0.54% of its portfolio in CVS Health Corp (NYSE:CVS). Arrowstreet Cap Lp invested in 252,808 shares or 0.06% of the stock. Cornercap Counsel holds 0.61% of its portfolio in CVS Health Corp (NYSE:CVS) for 45,620 shares. Glg Limited Liability holds 57,889 shares. TB Alternative Assets Ltd. purchased a new position in CVS Health Corporation in the second quarter valued at $121,000. Brandywine Inv Mngmt Limited Liability Corporation stated it has 0.51% in CVS Health Corp (NYSE:CVS). Somerville Kurt F has invested 3.33% in CVS Health Corp (NYSE:CVS).

CVS Health Corporation, together with its subsidiaries, is an integrated pharmacy healthcare company. Gemmer Asset Management LLC increased its holdings in shares of CVS Health Corporation by 15.3% in the 2nd quarter. Moreover, Conestoga Capital Advisors Llc has 1.93% invested in the company for 867,459 shares.

The Wall Street Journal recently reported that CVS is in talks to buy the nation's third-largest insurer, Aetna Inc.

Since June 12, 2017, it had 0 insider buys, and 1 insider sale for $18.44 million activity. $18.44M worth of CVS Health Corp (NYSE:CVS) shares were sold by Denton David M. CVS Health Corporation has an average rating of "Buy" and a consensus price target of $87.33. Therefore 58% are positive.

COPYRIGHT VIOLATION WARNING: "CVS Health Corporation (CVS) Reaches New 12-Month Low on Analyst Downgrade" was reported by Week Herald and is the sole property of of Week Herald. Jefferies maintained the stock with "Hold" rating in Friday, June 9 report. The firm has "Peer Perform" rating by Wolfe Research given on Monday, August 14. UBS initiated the stock with "Buy" rating in Thursday, October 6 report. The company was maintained on Friday, August 28 by Oppenheimer. BidaskClub lowered shares of CVS Health Corporation from a "hold" rating to a "sell" rating in a research report on Friday, August 25th. The firm has "Hold" rating by Deutsche Bank given on Wednesday, July 22. Mizuho has "Buy" rating and $108 target. The firm has "Outperform" rating given on Wednesday, August 5 by RBC Capital Markets. The rating was maintained by Citigroup on Monday, May 9 with "Neutral".

More notable recent CVS Health Corp (NYSE:CVS) news were published by: Nasdaq.com which released: "CVS Health (CVS) Beats Q3 Earnings Estimates, Updates View" on November 06, 2017, also Cnbc.com with their article: "CVS, Aetna aim to finalize deal as early as December: Report" published on November 03, 2017, Seekingalpha.com published: "Is CVS Health A Buy On Rumored Aetna Acquisition?" on October 31, 2017. Gemmer Asset Management LLC now owns 1,509 shares of the pharmacy operator's stock valued at $121,000 after acquiring an additional 200 shares during the last quarter. CVS's profit will be $1.51 billion for 11.21 P/E if the $1.49 EPS becomes a reality. After $1.33 actual EPS reported by CVS Health Corp for the previous quarter, Wall Street now forecasts 12.03% EPS growth.

About 9,416 shares traded. (USA) (NYSE:SU) has risen 22.43% since November 7, 2016 and is uptrending.



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