Express Scripts (ESRX) Upgraded to “Buy” at BidaskClub
BidaskClub upgraded shares of Express Scripts (NASDAQ:ESRX) from a hold rating to a buy rating in a research note published on Thursday.
Other research analysts have also issued research reports about the company. Mizuho set a $67.00 price objective on Express Scripts and gave the company a hold rating in a report on Tuesday, October 24th. Robert W. Baird restated a hold rating and issued a $56.00 price objective on shares of Express Scripts in a report on Friday, September 1st. Royal Bank of Canada assumed coverage on Express Scripts in a report on Tuesday, September 19th. They issued a sector perform rating and a $68.00 price objective on the stock. ValuEngine downgraded Express Scripts from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, Sanford C. Bernstein raised Express Scripts from an underperform rating to a market perform rating in a research note on Wednesday, December 6th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $73.77.
Shares of Express Scripts (NASDAQ:ESRX) traded up $0.45 during mid-day trading on Thursday, reaching $69.02. The company’s stock had a trading volume of 6,154,800 shares, compared to its average volume of 4,117,191. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 0.86. The stock has a market cap of $38,836.20, a price-to-earnings ratio of 10.02, a P/E/G ratio of 1.01 and a beta of 0.88. Express Scripts has a 12 month low of $55.80 and a 12 month high of $73.42.
In related news, VP Phyllis S. Anderson sold 643 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $62.37, for a total transaction of $40,103.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy C. Wentworth acquired 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were acquired at an average cost of $61.13 per share, with a total value of $489,040.00. Following the completion of the transaction, the chief executive officer now directly owns 98,628 shares in the company, valued at approximately $6,029,129.64. The disclosure for this purchase can be found here. 0.68% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of ESRX. Parkside Financial Bank & Trust grew its position in Express Scripts by 0.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 8,634 shares of the company’s stock valued at $551,000 after acquiring an additional 23 shares in the last quarter. CAPROCK Group Inc. grew its position in Express Scripts by 0.9% in the 2nd quarter. CAPROCK Group Inc. now owns 3,675 shares of the company’s stock valued at $235,000 after acquiring an additional 33 shares in the last quarter. Sandy Spring Bank grew its position in Express Scripts by 0.6% in the 2nd quarter. Sandy Spring Bank now owns 6,464 shares of the company’s stock valued at $413,000 after acquiring an additional 37 shares in the last quarter. Honkamp Krueger Financial Services Inc. grew its position in Express Scripts by 0.8% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 4,762 shares of the company’s stock valued at $304,000 after acquiring an additional 38 shares in the last quarter. Finally, Buckingham Asset Management LLC grew its position in Express Scripts by 0.6% in the 2nd quarter. Buckingham Asset Management LLC now owns 8,874 shares of the company’s stock valued at $567,000 after acquiring an additional 52 shares in the last quarter. 88.44% of the stock is owned by hedge funds and other institutional investors.
About Express Scripts
Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. It operates in two segments: PBM and Emerging Markets (EM).
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