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Stock impact report

Is CVS Health Stock Oversold At $60? [Forbes]

CVS Health Corporation (CVS) 
Last cvs health corporation earnings: 2/12 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.cvshealth.com
Company Research Source: Forbes
NEW YORK CITY, UNITED STATES - 2020/02/20: American retail and health care company, CVS Pharmacy... [+]logo seen at one of their stores. (Photo Illustration by Alex Tai/SOPA Images/LightRocket via Getty Images)After almost a 20% decline in stock since the beginning of this year, we believe thatCVS Health(NYSE: CVS)What Factors Drove -16% Change In CVS Health Stock Between 2017 And Now?‘Some of the stock price decline over the last two years can be attributed to the company’s massive $69 billion acquisition of Aetna, which resulted in $42 billion incremental debt between 2017 and 2019. The company did see revenue growth of 39%, led by the Aetna acquisition from 2017 to 2019. However, the company’s net income margin dropped 27.9% from 3.6% to 2.6% over the same period. This can be attributed to higher employee costs, financing costs, and goodwill impairments, partly offset by a decline in cost of goods sold. Given the Aetna acquisition, total share count also increased 27%. All these fa Show less Read more
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