Published: Wed, December 06, 2017
Economy | By Shawn Conner

CVS Health (CVS) Price Target Raised to $85.00 at Needham & Company LLC

CVS Health (CVS) Price Target Raised to $85.00 at Needham & Company LLC

21,086 are owned by Brown Advisory Securities Limited Liability Company. Vident Investment Advisory Lc reported 32,973 shares. Country Trust Bank who had been investing in Cvs Caremark Corporation Common for a number of months, seems to be bullish on the $72.62B market cap company. The stock grabbed 70 new institutional investments totaling 8,451,863 shares while 75 institutional investors sold out their entire positions totaling 2,271,846 shares. Freeport-McMoRan Inc. (NYSE:FCX) has risen 6.83% since December 5, 2016 and is uptrending. Davidson & Garrard Inc. raised its stake in CVS Health Corp by 0.5% in the third quarter. Verity Asset Mngmt accumulated 4,144 shares or 0.25% of the stock.

So far, they are taking a "wait-and-see attitude as to whether there is a direct favorable impact on their pricing" of a CVS-Aetna combination, said Jim Winkler, senior vice president for health at Aon, part of Aon Plc (AON.N). The stock decreased 0.56% or $0.4 during the last trading session, reaching $71.29. Macquarie Group has invested 1.43% in CVS Health Corporation (NYSE:CVS). It has underperformed by 41.10% the S&P500. Parametric Portfolio Associates LLC now owns 3,949,854 shares of the pharmacy operator's stock valued at $317,805,000 after acquiring an additional 1,647,168 shares during the last quarter. During the same period last year, the company posted $1.64 earnings per share. analysts anticipate that CVS Health will post 5.9 EPS for the current fiscal year. And CVS already has a large geographic reach of 9,600 retail pharmacies that include 1,600 Target pharmacies. Deutsche Bank maintained CVS Health Corporation (NYSE:CVS) on Thursday, August 20 with "Hold" rating. Bank of America Corp reiterated a "buy" rating and issued a $106.67 price target on shares of CVS Health Corp in a research note on Tuesday, February 28th. Therefore 68% are positive. CVS Health had 57 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by JP Morgan with "Overweight" on Monday, November 2. The stock of CVS Health Corporation (NYSE:CVS) earned "Hold" rating by Robert W. Baird on Friday, October 27. The stock has "Equal Weight" rating by Barclays Capital on Tuesday, November 1. On Thursday, June 23 the stock rating was maintained by Mizuho with "Buy". On Thursday, November 9 the stock rating was maintained by Northland Capital with "Buy".

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Since June 12, 2017, it had 0 insider buys, and 1 insider sale for $18.44 million activity. The stock has a market capitalization of $76,095.96, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.29 and a beta of 0.89.

Several other hedge funds have also recently added to or reduced their stakes in the company. 803.96 million shares or 0.96% less from 811.73 million shares in 2017Q1 were reported. Callahan Advsrs Limited Liability Corp reported 34,520 shares. Louisiana State Employees Retirement holds 0.25% or 63,200 shares. 546,145 were reported by Gam Ag. 828,824 were accumulated by Great Lakes Advsr Limited Liability Co. The firm's shares opened today at 0. Boston Rech Mgmt accumulated 35,187 shares. Ohio-based Keybank National Association Oh has invested 0.34% in CVS Health Corporation (NYSE:CVS). 15,690 are held by Peddock Ltd Liability Corp. Alps holds 0.01% or 14,388 shares.

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Baird set a $77.00 price objective on CVS Health (NYSE:CVS) in a report released on Monday morning. Kidder Stephen W holds 3.04% in CVS Health Corporation (NYSE:CVS) or 99,610 shares.

In response to an employees' questions about whether Aetna will move forward with plans to occupy space in New York City if the $69 billion merger is completed, the company stated "all real estate locations will be evaluated. during the integration planning process", without elaborating how Hartford might play into those decisions. CVS Health had a net margin of 2.77% and a return on equity of 16.96%. (NYSE:FCX) to report earnings on January, 24. The company's revenue was up 3.5% compared to the same quarter a year ago. FCX's profit will be $607.99M for 8.39 P/E if the $0.42 EPS becomes a reality. Violich Capital Management Inc. raised its stake in CVS Health Corp by 2.2% in the third quarter. Tudor Pickering downgraded the shares of MRO in report on Friday, November 6 to "Hold" rating. Therefore 64% are positive. The firm has "Strong Buy" rating given on Monday, November 2 by S&P Research. The company was maintained on Monday, August 10 by Argus Research. The firm has "Buy" rating by Roth Capital given on Wednesday, October 28. The stock of Freeport-McMoRan Inc. Roth Capital maintained The Meet Group, Inc. (NYSE:FCX) on Sunday, September 3 with "Hold" rating. Jefferies maintained the shares of BLL in report on Friday, September 29 with "Buy" rating.

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