CVS Caremark (NYSE:CVS) hit a new 52-week high Thursday as it is currently trading at $54.78, above its previous 52-week high of $54.03 with 2.4 million shares traded as of 11:02 a.m. ET. Average volume has been 5.5 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- CVS Caremark (NYSE: CVS) hit a new 52-week high Thursday as it is currently trading at $54.78, above its previous 52-week high of $54.03 with 2.4 million shares traded as of 11:02 a.m. ET. Average volume has been 5.5 million shares over the past 30 days. CVS Caremark has a market cap of $66.24 billion and is part of the services sector and retail industry. Shares are up 12.5% year to date as of the close of trading on Wednesday. CVS Caremark Corporation, together with its subsidiaries, provides integrated pharmacy health care services in the United States. The company has a P/E ratio of 17.8, equal to the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates CVS Caremark as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full CVS Caremark Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.