Name of opportunity: 👀
CVS Health Corporation
New ideas: 💡
Glenview Capital Management may be putting pressure on CVS to make major changes to its operations. The hedge fund owns a significant stake in CVS Health. The Wall Street Journal has reported that top CVS execs are now in talks with advisors and there are plans to lay off nearly 3000 employees. The company may also break up into separate retail and insurance units.
How hot is this investment opportunity? 🔥🔥🔥
With this news, CVS Health stock seems to be on the up. News about CVS and Glenview Capital Management started coming out in the past few days and this week, the healthcare company’s stock has risen by 4.50% overall. On Monday, CVS stock closed 2% higher.
Analysts predict the price of CVS Health Corporation will increase from $61.61 to $67.25 in the next 12 months. If you invested $1000, you might profit $69.50.
Glenview Capital Management might be the influence CVS Health needs to get back on track. The healthcare company’s stock price has fallen by 12.24% in the past year. However, the company is already considered to be in good financial health, with strong cash flow and revenue, meaning that any improvements and streamlining would be made to an already solid foundation. Other American pharmacy chains have also struggled recently, with competitors Rite Aid and Walgreens Boots Alliance closing stores around the country. While it is a difficult market, CVS Health might have the potential to weather the storm - especially with a push from an activist investor.
Another reason this stock might be a good investment is because it pays dividends - and ‘Above Average’ dividends at that! The dividend yield is 4.38%, which means that if you invested $1000, you would be paid $43.80 a year in dividends (based on the last 12 months).
CVS Health Corporation is currently recommended as a ‘Buy’.
Just what the doctor ordered: 💊
CVS Health Corporation, together with its subsidiaries, is a diversified health solutions company. The Company’s segments include Health Care Benefits, Health Services, Pharmacy & Consumer Wellness and Corporate/Other. CVS is the world's second largest healthcare company, after UnitedHealth Group. It’s headquartered in Providence County, Rhode Island, US.
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