Investors Sell Shares of Express Scripts Holding Co. (ESRX) on Strength (ESRX)
Investors sold shares of Express Scripts Holding Co. (NASDAQ:ESRX) on strength during trading on Monday. $63.86 million flowed into the stock on the tick-up and $184.92 million flowed out of the stock on the tick-down, for a money net flow of $121.06 million out of the stock. Of all companies tracked, Express Scripts Holding had the 0th highest net out-flow for the day. Express Scripts Holding traded up $0.81 for the day and closed at $73.12
A number of equities analysts have recently weighed in on ESRX shares. Jefferies Group reaffirmed a “buy” rating on shares of Express Scripts Holding in a research note on Monday, July 4th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Express Scripts Holding in a research note on Monday, June 27th. Citigroup Inc. reaffirmed a “buy” rating on shares of Express Scripts Holding in a research note on Tuesday, May 24th. Zacks Investment Research raised shares of Express Scripts Holding from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Thursday, May 5th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Express Scripts Holding in a research note on Monday, June 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $81.26.
The stock has a market cap of $46.08 billion and a PE ratio of 18.07. The stock has a 50-day moving average of $76.84 and a 200 day moving average of $73.49.
Express Scripts Holding (NASDAQ:ESRX) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.57 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.57. The firm had revenue of $25.20 billion for the quarter, compared to analyst estimates of $25.42 billion. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.44 earnings per share. On average, equities analysts predict that Express Scripts Holding Co. will post $6.38 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in ESRX. Trexquant Investment LP purchased a new stake in shares of Express Scripts Holding during the fourth quarter valued at about $1,941,000. Calvert Investment Management Inc. bought a new stake in Express Scripts Holding during the fourth quarter valued at $3,110,000. Matarin Capital Management LLC bought a new stake in Express Scripts Holding during the fourth quarter valued at $3,279,000. Airain ltd bought a new stake in Express Scripts Holding during the fourth quarter valued at $4,009,000. Finally, BNP Paribas Arbitrage SA raised its stake in Express Scripts Holding by 95.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 139,807 shares of the company’s stock valued at $12,221,000 after buying an additional 68,376 shares during the period.
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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