Express Scripts Holding Company (ESRX) Upgraded to “Buy” at ValuEngine
ValuEngine upgraded shares of Express Scripts Holding Company (NASDAQ:ESRX) from a hold rating to a buy rating in a research report sent to investors on Monday morning.
Several other equities research analysts have also recently commented on the company. Jefferies Group LLC set a $72.00 price target on Express Scripts Holding and gave the company a buy rating in a report on Tuesday, August 29th. Needham & Company LLC started coverage on Express Scripts Holding in a research note on Friday, July 21st. They set a hold rating on the stock. Cowen and Company reissued an outperform rating and set a $83.00 price objective on shares of Express Scripts Holding in a research note on Friday, June 9th. Royal Bank Of Canada began coverage on Express Scripts Holding in a report on Tuesday, September 19th. They issued a sector perform rating and a $68.00 target price for the company. Finally, BidaskClub cut Express Scripts Holding from a hold rating to a sell rating in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $70.09.
Express Scripts Holding (ESRX) traded up 0.16% during trading on Monday, hitting $63.73. The stock had a trading volume of 244,396 shares. The company has a market cap of $36.81 billion, a PE ratio of 11.06 and a beta of 0.88. Express Scripts Holding has a 12 month low of $57.80 and a 12 month high of $77.50. The company’s 50 day moving average is $62.04 and its 200-day moving average is $62.67.
Express Scripts Holding (NASDAQ:ESRX) last issued its earnings results on Tuesday, July 25th. The company reported $1.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.02. The business had revenue of $25.35 billion for the quarter, compared to analysts’ expectations of $25.52 billion. Express Scripts Holding had a return on equity of 25.58% and a net margin of 3.50%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 EPS. On average, equities research analysts predict that Express Scripts Holding will post $6.99 earnings per share for the current year.
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In other Express Scripts Holding news, VP Everett Neville sold 1,163 shares of Express Scripts Holding stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $61.48, for a total value of $71,501.24. Following the completion of the transaction, the vice president now directly owns 18,232 shares of the company’s stock, valued at approximately $1,120,903.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of Express Scripts Holding stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $63.93, for a total value of $249,327.00. Following the completion of the transaction, the director now directly owns 11,500 shares of the company’s stock, valued at $735,195. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,641 shares of company stock worth $357,317. 0.68% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Waldron LP acquired a new position in shares of Express Scripts Holding in the first quarter valued at approximately $206,000. Xact Kapitalforvaltning AB increased its stake in Express Scripts Holding by 2.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 96,879 shares of the company’s stock worth $6,385,000 after buying an additional 2,197 shares during the period. Pictet Asset Management Ltd. increased its stake in Express Scripts Holding by 1.3% during the 1st quarter. Pictet Asset Management Ltd. now owns 327,168 shares of the company’s stock worth $21,564,000 after buying an additional 4,239 shares during the period. Busey Trust CO increased its stake in Express Scripts Holding by 2.8% during the 1st quarter. Busey Trust CO now owns 107,242 shares of the company’s stock worth $7,069,000 after buying an additional 2,898 shares during the period. Finally, LS Investment Advisors LLC increased its stake in Express Scripts Holding by 7.2% during the 1st quarter. LS Investment Advisors LLC now owns 26,092 shares of the company’s stock worth $1,720,000 after buying an additional 1,747 shares during the period. 88.69% of the stock is currently owned by institutional investors and hedge funds.
Express Scripts Holding Company Profile
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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