CVS Health (NYSE:CVS) Given New $114.00 Price Target at Argus

Key Points

• Argus raised its CVS Health price target from $104 to $114 while maintaining a “buy” rating, implying 19.74% upside from the stock’s $95.20 opening price.
• Analyst sentiment remains positive: 22 analysts rate CVS a Buy and two rate it a Hold, with a consensus price target of $107.17.
• CVS reported quarterly EPS of $2.58, exceeding the $1.87 consensus estimate, while revenue reached $106.10 billion, up 7.3% year over year and above expectations.

CVS Health (NYSE:CVS - Get Free Report) had its price target raised by Argus from $104.00 to $114.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the pharmacy operator's stock. Argus' price objective would indicate a potential upside of 19.74% from the company's current price.

CVS has been the subject of several other reports. Bank of America increased their target price on CVS Health from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, June 22nd. Wells Fargo & Company lifted their price target on shares of CVS Health from $103.00 to $123.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Truist Financial increased their price objective on shares of CVS Health from $108.00 to $118.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Morgan Stanley raised their price objective on shares of CVS Health from $106.00 to $111.00 and gave the stock an "overweight" rating in a report on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of CVS Health from $88.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Twenty-two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $107.17.

CVS Health Stock Performance

Shares of CVS stock opened at $95.20 on Wednesday. CVS Health has a one year low of $69.51 and a one year high of $110.68. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.66 and a current ratio of 0.87. The company has a 50 day moving average price of $102.41 and a 200 day moving average price of $88.56. The firm has a market capitalization of $121.76 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 0.93 and a beta of 0.61.

CVS Health (NYSE:CVS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The pharmacy operator reported $2.58 EPS for the quarter, topping the consensus estimate of $1.87 by $0.71. The company had revenue of $106.10 billion during the quarter, compared to analyst estimates of $100.03 billion. CVS Health had a return on equity of 13.12% and a net margin of 1.18%.The firm's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.81 earnings per share. CVS Health has set its FY 2026 guidance at 7.900-8.100 EPS. Sell-side analysts anticipate that CVS Health will post 8.02 EPS for the current year.

Insider Buying and Selling

In other news, Director Larry Robbins sold 370,462 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $93.45, for a total transaction of $34,619,673.90. Following the completion of the sale, the director owned 4,824,799 shares in the company, valued at approximately $450,877,466.55. This represents a 7.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.85% of the company's stock.

Hedge Funds Weigh In On CVS Health

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVS. Sei Investments Co. grew its stake in CVS Health by 17.4% during the 2nd quarter. Sei Investments Co. now owns 905,715 shares of the pharmacy operator's stock valued at $62,474,000 after acquiring an additional 134,535 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of CVS Health by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,121,377 shares of the pharmacy operator's stock worth $77,353,000 after purchasing an additional 13,329 shares during the period. Treasurer of the State of North Carolina grew its position in CVS Health by 1.3% during the second quarter. Treasurer of the State of North Carolina now owns 585,073 shares of the pharmacy operator's stock valued at $40,358,000 after purchasing an additional 7,588 shares in the last quarter. HUB Investment Partners LLC lifted its position in CVS Health by 25.0% in the 2nd quarter. HUB Investment Partners LLC now owns 15,063 shares of the pharmacy operator's stock worth $1,039,000 after buying an additional 3,011 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of CVS Health by 8.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,609,404 shares of the pharmacy operator's stock valued at $111,017,000 after buying an additional 119,439 shares during the period. 80.66% of the stock is currently owned by hedge funds and other institutional investors.

CVS Health Company Profile

CVS Health Corporation is a diversified healthcare company that operates a large network of retail pharmacies, pharmacy benefit management services and health care solutions. Headquartered in Woonsocket, Rhode Island, the company traces its roots to the early 1960s and has grown into an integrated provider of prescription drugs, over‑the‑counter products, clinical services and health insurance offerings. Its operating model combines retail pharmacy locations and in‑store clinics with broader pharmacy and health plan capabilities.

Key business activities include CVS Pharmacy retail operations, MinuteClinic walk‑in medical clinics and HealthHUB locations that offer expanded clinical services.

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