Stock Update (NYSE:CVS): CVS Pharmacy Now Open in Target Stores Throughout Washington

[PR Newswire] – WOONSOCKET, R.I., June 7, 2016 /PRNewswire/ — CVS Health (CVS) today announced that the first CVS Pharmacy locations in Target stores are now open in Washington. The pharmacies, located in several metropolitan areas, including Olympia, Seattle, Spokane and Tacoma, 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 Washington,” said Hanley Wheeler, Senior Vice President, Retail Field Operations, for CVS Pharmacy. Read more on this. CVS Health Corporation (CVS) , valued at $104.06B, started the session at $96.59. Looking at today’s trading action, the company’s one day range from $96.33 to $97.52 with the price of the stock fluctuating between $81.37 to $113.65 over the last 52 weeks. Priced at 16.54x this year’s forecasted earnings, CVS shares are relatively expensive compared to the industry’s 7.55x 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 1.77%. According to a consensus of 23 analysts, the earnings estimate of $1.30 per share would be $0.08 better than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $5.82, which would be a $0.66 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $44.29 Billion. If reported, that would be a 19.16% 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. The average price target for CVS shares by the analysts covering the stock is $114.48, which is 18.52% above where the stock opened this morning. See more in (NYSE:CVS) Similar Articles: Market Update: CVS Caremark Corporation (NYSE:CVS) – MinuteClinic Opens Its First Walk-in Medical Clinics Inside Chicagoland Target Stores Stock Update: CVS Caremark Corporation (NYSE:CVS) – CVS Pharmacy in Target Locations Now Open in Utah Stock Update: CVS Caremark Corporation (NYSE:CVS) – CVS Health and Target Announce Completed Acquisition of Target’s Pharmacy and Clinic Businesses
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