TripAdvisor, CVS: S&P Gainers
The company expects its second-quarter earnings to get a lift of 3 to 4 cents a share from the dispute between Walgreen(WAG) and Express Scripts(ESRX) .
Shares of CVS hit a 52-week high on Wednesday of $46.11. The stock's 52-week low of $31.31 was set on Aug. 9.
CVS's stock trades at a forward P/E of 12.4X; the average for drug retailers is 12.47X. For comparison, Walgreen(WAG) shares have a lower forward P/E of 11.82X.
Twenty-one of the 25 analysts who cover CVS rate it at buy. Three analysts give the stock a hold rating and one rates it at sell.
The stock has risen 12.6% year to date.
--Written by Alexandra Zendrian in New York.
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