Goldman Sachs on CVS Health
CVS Health is a leading player in the drug retail industry. It provides various healthcare services, such as US pharmacy and Medicare services. It also provides various services in Brazil. As global trade war concerns grow due to the imposition of tariffs by the United States and China, companies with higher domestic sales are expected to be less affected.
CVS Health’s performance
On April 12, 2018, CVS Health was trading at $64. It fell 8.1% in March 2018, while the broader-market S&P 500 (SPY) fell 2.7%. CVS Health’s trailing PE (price-to-earnings) multiple was 10.6x that day, whereas the S&P 500’s was 23.2x. The drug retail industry’s PE multiple was 16.9x. For more market views, read .