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CVS Health Corporation (NYSE: CVS) | Sales Projections & Market Trends

CVS provides integrated pharmacy health care services. Through its Pharmacy Services, it offers benefit management solutions, such as plan design and administration, formulary management, Medicare Part D services, mail order, specialty pharmacy and infusion services, among others.  Here it serves employers, unions, government, etc. It has 9700 stores and or 1000 locations for its medical clinics.

CVS sales are highly correlated with the basic economic indicators: employment, personal consumption, and GDP. As expected its correlation is very high with Health Care consumption – for which it is a leading indicator. It is also a leading indicator for other consumption factors and even GDP. Overall as the economy improves CVS sales should increase. CVS’s share price has struggled since 2014 due to a variety of factors – key being the competition from e-commerce.

 

CVS Health Corporation (NYSE: CVS) correlates with the above macroeconomic indicators.

CVS Health Corporation (NYSE: CVS) correlates with the above macroeconomic indicators.

 

SalesForekast™ projects CVS to perform better than their best-fit line. This can be partially attributed to the high expected growth rates of E-Commerce Retail Sales and generally expected improvement in the economy.  

 

SalesForekast™  projections for CVS Health Corporation (NYSE: CVS)

SalesForekast™ projections for CVS Health Corporation (NYSE: CVS)

 

Note: SalesForekast can similarly graph market capitalization projections with the same macroeconomic indicator analysis. Sign up at app.salesforekast.com/account/register for a 14-Day Free Trial for further access to these reports.