CVS Health to cut about 600 jobs over next two months

Andrew Cummings
November 4, 2016

CVS Caremark works with employers, health insurance companies, the government and other health benefit program sponsors to design and administer prescription coverage plans. The company posted an operating profit of $9.5 billion on $153 billion in sales past year. The company's EPS growth for the following year is valued at 11.55%, indicating an EPS value of 13.30% for the past 5 years, and an EPS value of 14.41% for the coming five years. CVS Health Corp (NYSE:CVS)'s shares are now trading -20.56% away from the 52-week high price of $105.68 and +1.70% far from the 52-week low price of $82.55. Most recently on 6/20/16 the stock of CVS Health Corp (NYSE:CVS) downgraded by Morgan Stanley from Overweight to Equal-Weight. Pinkerton Retirement Specialists LLC increased its stake in shares of CVS Health Corporation by 3,475.0% in the second quarter. Windward Management Ca accumulated 7.04% or 379,425 shares. Jfs Wealth Limited Liability Corporation holds 0.51% or 19,098 shares in its portfolio. The current market cap of CVS Health Corporation exhibits the basic determinant of asset allocation and risk-return parameters for its stocks.

Many Wall Street Analysts have commented on CVS Health Corp.

"At CVS Health, we are proud to earn accreditations from URAC in these three categories, which emphasize our commitment to providing high quality pharmacy benefit management support including coordinated patient care and outstanding customer service to our millions of members", stated Jonathan Roberts, president CVS Caremark.

The forward P/E of CVS Health Corporation is at 12.86 signifying the uses of estimated net earnings over the next 12 months.

On the company's financial health, CVS Health Corp reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. This includes formulary management, discounted drug purchase arrangements and clinical services and drug therapy management.

The P/E of CVS Health Corporation is now valued at 19.32 allowing its investors to analyze the company's stock valuation and its shares relative to the income of the company that it makes. The Company offers a range of products and services, such as advising patients on their medications at its CVS Pharmacy locations, introducing programs to help control costs for its clients at CVS Caremark, how care is delivered to its patients with conditions through CVS Specialty, pharmacy care for the senior community through Omnicare.

CVS Health Corporation, incorporated on August 22, 1996, together with its subsidiaries (CVS Health), is a pharmacy company. The Retail Pharmacy segment includes retail drugstores, online retail pharmacy Websites and its retail healthcare clinics.

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