CVS Health Corp. (NYSE:CVS) traded at a new 12-month high today of $97.19. This new high was reached on approximately average trading volume as 5.3 million shares traded hands, while the average 30-day volume is approximately 6 million shares.
Following its acquisition of Aetna in late 2018, CVS Health now provides an even more integrated healthcare-services offering for its members. Legacy CVS combined both the largest pharmacy benefit manager, processing over 2 billion adjusted claims annually, and a sizable pharmacy operation, including nearly 10,000 retail pharmacy locations primarily in the U.S. Adding a managed-care organization with over 23 million medical members gives the company a strong position in the insurance industry and should help CVS better control overall healthcare costs for its clients.
CVS Health Corp. is currently priced 7.6% above its average consensus analyst price target of $89.00.
In the past 12 month, CVS Health Corp. share prices are bracketed by a low of $67.06 and a high of $97.19 and are now at $96.29, 44% above that low price.
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