Company Update: CVS Caremark Corporation (NYSE:CVS) – CVS Pharmacy Now Open in Target Stores Throughout Colorado

[PR Newswire] – WOONSOCKET, R.I., June 22, 2016 /PRNewswire/ — CVS Health (CVS) today announced that the first CVS Pharmacy locations in Target stores in Colorado are now open. The pharmacies, located in several metropolitan areas, including Denver, Colorado Springs and Fort Collins, 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 Colorado,” said Tony Caskey, Area Vice President for CVS Pharmacy. Read more on this. CVS Health Corporation (CVS) , with a current market cap of $100.67B, opened at $93.50. Looking at the stock, its one day range is $93.25 to $94.05 with its 52-week range being $81.37 to $113.65. CVS shares are currently priced at 15.99x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.53x earnings multiple. The company pays shareholders $1.70 per share in dividend income per year, for a current yield of 1.79%. According to a consensus of 24 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. Furthermore, our analysis shows the full-year EPS estimate to be $5.83, which would be a $0.67 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $44.30 Billion. If realized, that would be a 19.18% increase over the year-ago quarter. Recently, Morgan Stanley downgraded CVS from Overweight to Equal-Weight (Jun 20, 2016). Previously, Atlantic Equities Initiated CVS at to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $113.60, which is 21.50% above where the stock opened this morning. See more in (NYSE:CVS) Similar Articles: Company Update (NYSE:CVS): CVS Pharmacy Now Open in Target Stores Throughout Oregon Stock Update (NYSE:CVS): CVS Pharmacy Now Open in Target Stores Throughout Washington Stock Update: CVS Caremark Corporation (NYSE:CVS) – CVS Pharmacy in Target Locations Now Open in Utah