How to Buy Cvs Health Stock
Cvs Health Corp
Cvs Health is a healthcare plan company located in Rhode Island, United States, which is part of the Healthcare sector, and is traded under the ticker CVS on the NYSE exchange.
Cvs Health stock last closed at $58.40, down 0.03% from the previous day, and has decreased 18.88% in one year. It has underperformed other stocks in the Healthcare Plans industry by 0.26 percentage points. Cvs Health stock is currently +10.67% from its 52-week low of $52.77, and -29.85% from its 52-week high of $83.25.
As of Sep 19, 2024, there are 1.26B shares of CVS outstanding. The market capitalization of CVS is $73.47B. In the past 24 hours, 4.88M CVS shares were traded.
How to Buy Cvs Health Stock
Wondering how to invest in Cvs Health stock? Here's how.
- Figure out where to buy Cvs Health stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Cvs Health stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Select your method of payment and add your details.
- Evaluate Cvs Health stock: The Cvs Health ticker symbol is CVS. Is Cvs Health stock a good investment? Should you buy shares of CVS? How do CVS's underlying business fundamentals look? Do top analysts think Cvs Health is a good buy? Why has CVS's stock price moved recently? (Hint: Our stock analysis website can help you understand if CVS is a good stock to buy).
- Make your CVS buy order: Decide if you will purchase CVS shares at the current market price or use a limit order to buy CVS stock at a particular price.
- Get key alerts regarding your investment in CVS: Create a watchlist to the latest updates on your investment in Cvs Health shares.
Step 1: Figure out where to buy Cvs Health stock
You need an online brokerage account to access the NYSE market and buy CVS shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, you need to fill out some personal info so you are able to invest in CVS stock today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your investment account
Now that you have created your account on the best stock trading app for beginners, you need to deposit funds:
Watch this video walkthrough if you need help depositing money into your new brokerage account.
Step 4: Evaluate Cvs Health stock
After you have figured out the best place to buy Cvs Health stock, it's important to research their stock prior to investing, so you actually wrap your head around the risk as well as the opportunity.
Cvs Health Numbers
CVS Fundamentals
WallStreetZen was built to help everyday investors perform more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on CVS's stock page.
Is CVS stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge CVS's true value.
Using relative valuations ratios:
- CVS could be undervalued based on its P/E ratio of 10.35x, relative to Healthcare Plans industry P/E ratio of 32.35x
- CVS may be undervalued based on its P/B ratio of 0.98x, relative to Healthcare Plans industry P/B ratio of 3.16x
- CVS could be undervalued based on its PEG ratio of 0.84x
You can do more valuation analysis on CVS's stock here.
CVS Financial Health
Positive Health Checks:
- CVS profit margin has gone up from 0.9% to 2% in the past year.
- Total CVS debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- CVS earnings of $12.46B is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the CVS balance sheet.
- There are more short-term liabilities than short-term assets on the CVS balance sheet.
- CVS's operating cash flow of $8.07B allows it to safely service it's debt of $83.82B.
- CVS has a relatively high debt to equity ratio of 2.37.
Is it a good time to buy CVS stock, according to analysts?
Out of 15 Wall Street analysts who give forecasts on CVS, the consensus analyst rating on Cvs Health is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent CVS Analyst Forecasts
Elizabeth Anderson, a bottom 12% analyst from Evercore ISI Group maintains CVS with a buy rating and lowers their CVS price target from $65.00 to $62.00, on Aug 8, 2024.
Lisa Gill, a top 20% analyst from JP Morgan maintains CVS with a strong buy rating and lowers their CVS price target from $101.00 to $86.00, on May 30, 2024.
Michael Ha, a top 25% analyst from Baird initiates coverage on CVS with a hold rating and announces their CVS price target of $61.00, on May 30, 2024.
Baird's Michael Ha initiated their coverage on Cvs Health (NYSE: CVS) with a Hold rating and a $61 price target.
Ha reported that Baird initiated coverage on Managed Care names. Six companies were rated Buy or Strong Buy, while the remaining three receivedHold ratings.
The analyst believes that Managed Care is in a strong position to generate long-term growth, margin expansion, and multiple expansion that is more attractive than historical levels, even though multiples may remain low over the next year because of market fluctuations.
Footnotes
Chris Graja, a top 15% analyst from Argus Research maintains CVS with a strong buy rating and lowers their CVS price target from $100.00 to $80.00, on May 8, 2024.
Charles Ryhee, a bottom 14% analyst from TD Cowen downgrades CVS to a hold rating and lowers their CVS price target from $99.00 to $59.00, on May 7, 2024.
You can dive deeper into what analysts are forecasting on the Cvs Health stock forecast page.
Metrics for Advanced CVS Traders
Is CVS Making Money?
Last year, CVS earnings were $7.19B. Over the last 5 year, CVS's earnings have gone up by 9.76% per year. This was faster than the Healthcare Plans industry average of 4.62%.
Last year, CVS revenue was $363.25B. In the last 5 year, CVS's revenue has grown by 9.86% per year. This was slower than the Healthcare Plans industry average of 13.04%.
Dig into CVS's earnings and revenue performance here.
Latest Insiders Trades at CVS
Over the past year, executives and large shareholders at CVS have sold more shares than they have bought.
Tilak Mandadi, EVP Chief Technology Officer of CVS, was the latest CVS insider to sell. They sold $749,672.28 worth of CVS stock on Aug 31, 2024.
Get more info about who owns CVS stock here.
Does CVS provide a stable income stream?
Cvs Health pays a dividend of 4.45%, compared to the Healthcare Plans industry's average dividend yield of 1.93%. If you owned $1,000 of CVS stock, you would have been paid $44.52 in the past year.
Cvs Health dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Cvs Health dividend yield and history here.
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Step 5: Make your CVS buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.
Click the Open button and your broker will execute the order.
If you want additional help buying stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your investment in CVS
Now that you own some CVS shares, you'll want to keep up with your company.
Add CVS to a watchlist to get notified of the latest news about your CVS stock.
CVS Feed
How to Buy Stock in Cvs Health
To reiterate, here are the 6 steps you need to take to buy Cvs Health stock right now:
- Figure out where to buy Cvs Health stock
- Create your brokerage account
- Fund your investment account
- Evaluate Cvs Health stock
- Make your CVS buy order
- Get key alerts regarding your investment in CVS
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest news on your investment in Cvs Health, add CVS to your watchlist by clicking the button below.
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