CVS stock: buy or sell

CVS stock price: $76.70 1.04% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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CVS stock brief

  • CVS closed on Wednesday at $76.70 after inching a 1.04%.
  • On April 15 broke out above its latest top at $75.39
  • Morgan Stanley and Truist Securities posted strong bullish ratings for CVS on Tuesday, with an average forecast of $90.00
  • CVS Health Corporation provides health services in the United States.

Should I buy CVS stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $CVS stock a buy?

Currently, CVS stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $CVS in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell CVS stock?

When you are a novel trader and you own stock shares with some profit, it's really hard to decide the good moment to sell and get your benefits. Trading strategies let us to avoid impulsive decisions based on our emotions or the buzz surrounding the market. When selling, as well as buying, our setups are very simple to follow but are only applicable for selling stocks in your porfolio, not for shorting $CVS stock

A golden rule is that you should not mantain an operation that generates higher than expected losses at the time of purchase. The timing to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell CVS stock?

Currently, CVS stock doesn't match any of our preferred sell setups, so if you hold CVS stock and your operation is in profit probably is not time to sell now

CVS ratings

In the last 30 days, 6 ratings were published for CVS. General sentiment is bullish, with 4 out of 6 publishing optimistic forecasts

CVS analysts' ratings - Last 30 days
Brokerage firmRating
Mar 23rd, 2021
Guggenheim Strong buyNeutral
Apr 14th, 2021
Morgan Stanley Buy
Truist Neutral
Truist Securities Strong buy
Apr 20th, 2021
Morgan Stanley Buy
Truist Securities Strong buy

CVS stock analysis

On April 15, the price broke out above the previous top at $75.39 on the downtrend started last January. Since then, the price action resulted in a 1.74% gain.

SMAs overview

CVS stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $76.72 (0.03% above)
  • R2: $78.08 (1.80% above)
  • R3: $78.15 (1.89% above)
  • The current supports are:

  • S1: $76.48 (-0.29% below)
  • S2: $76.38 (-0.42% below)
  • S3: $75.52 (-1.54% below)
  • Bollinger bands

    The current range between the upper and lower bands is 4.64%, indicating that price volatility is low. The narrowness of the Bollinger bands is frequently a indication of a sharp price movement (up or down), so we must be cautious and manage our buy or sell orders accordingly

    CVS stock Bollinger Bands chart

    Relative strength index

    When the fluctuates for so long below 70 and above 30, without signaling moments of overbought and oversold, the indicator turns out to be of little use, and we find ourselves in one of these cases.

    CVS stock RSI chart

    CVS stock price history

    CVS started trading on Feb 21st, 1973 at $0.71 per share1. Since then, CVS stock has risen by 10,702.82%, with an average of 222.98% per year. An investment of thousand dollars at that time would be valued $108,028.17 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    CVS stock price history chart

    Price target for CVS stock

    Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental information by the company, and many times. Again, these predictions are not direct recommendations for small traders and must not be trusted blindly.

    The average price target for CVS stock calculated from the table below is $89.60. CVS closed at $76.70 on Wednesday, that is a 14.40% than the predicted price.

    CVS stock price predictions
    Brokerage firmPrice target
    Mar 23rd, 2021
    Guggenheim Not available
    Apr 14th, 2021
    Morgan Stanley $86.00$92.00
    Truist $80.00$88.00
    Truist Securities $80.00$88.00
    Apr 20th, 2021
    Morgan Stanley $86.00$92.00
    Truist Securities $80.00$88.00

    Earnings and financials

    Last February, CVS ($CVS) had the financial event and presented the report. CVS beat analysts estimates and posted of $1.30, that is a 4.84% improvement compared to the previous forecasts of $1.24. Even so, reported revenues of $69.6 billion were in line with consensus forecasts.

    Compared to the same quarter one year ago, EPS was $1.73, so posted EPS means a reduction of -24.86%. Looking at revenues, figures merely changed compared to $666.8B same quarter 12 months ago.

    CVS ($CVS) will host the earnings call next Wednesday. Expected for this quarter is $1.71, compared to $1.30 that was reported for Q4.

    CVS competitors

    CVS belongs to the Healthcare sector and the Healthcare Plans industry, which contain industry peers.

    CVS main competitors are:

    CVS competitors
    CompanyMarket capRatingBullish ratings1
    CVS ($CVS) $95.4B Buy 4
    Walgreens ($WBA) $45.0B Neutral 0
    PetMed Express (PETS) $686.8M Neutral 0

    1 In the last 30 days.

    CVS performance

    To better understand CVS stock performance you must compare its gains with other related stocks in same sector or industry.. For CVS, the benchmark is made against Walgreens and PetMed Express.

    CVS performance compared
    Company1m3m6m
    CVS ($CVS) 4.90% 2.70% 31.90%
    Walgreens ($WBA) 1.40% 12.30% 45.50%
    PetMed Express (PETS) -4.90% 6.50% 5.90%

    Important:
    The opinions contained in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not have an understanding of the specific conditions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for education reasons only

    CVS summary

    Wednesday, April 21st, 2021
    Open$76.22
    Close$76.7
    Day range$76.15 - $77.44
    Previous close$75.91
    Session gain1.04%
    Average true range$1.22
    50d mov avg$73.03
    100d mov avg$72.15
    200d mov avg$66.66
    Earnings dateMay 5th, 2021

    Frequently asked questions

    What is CVS stock symbol?

    CVS Health Corporation is a public company trading in the US stock market with the CVS symbol

    Is CVS stock a buy or sell?

    CVS received 6 ratings in the last 30 days: 4 bullish, 0 bearish and 2 neutral.

    Will CVS go up?

    CVS had different price forecasts issued by analysts in the last 30 days forecasting the target price to $89.60. That is a 16.82% than the last price ($76.70).