RBC Capital Remains a Buy on CVS Health (CVS)
RBC Capital analyst Ben Hendrix maintained a Buy rating on CVS Health yesterday and set a price target of $93.00. The company’s shares closed yesterday at $78.79.
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According to TipRanks, Hendrix is a 4-star analyst with an average return of 5.6% and a 50.96% success rate. Hendrix covers the Healthcare sector, focusing on stocks such as Brookdale Senior Living, HCA Healthcare, and Tenet Healthcare.
CVS Health has an analyst consensus of Strong Buy, with a price target consensus of $96.33, a 22.26% upside from current levels. In a report released on April 7, Bank of America Securities also maintained a Buy rating on the stock with a $95.00 price target.
Based on CVS Health’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $105.69 billion and a net profit of $2.94 billion. In comparison, last year the company earned a revenue of $97.71 billion and had a net profit of $1.64 billion
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