Express Scripts Holding Company (NASDAQ:ESRX) PT Raised to $57.00
Express Scripts Holding Company (NASDAQ:ESRX) had its price objective upped by investment analysts at Morgan Stanley from $52.00 to $57.00 in a research report issued to clients and investors on Thursday. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 5.49% from the company’s current price.
ESRX has been the subject of several other reports. ValuEngine lowered shares of Express Scripts Holding from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Mizuho cut their target price on shares of Express Scripts Holding from $76.00 to $61.00 and set a “neutral” rating for the company in a research note on Tuesday, April 25th. Needham & Company LLC started coverage on shares of Express Scripts Holding in a research note on Friday, July 21st. They set a “hold” rating for the company. Cowen and Company reissued an “outperform” rating and set a $83.00 target price on shares of Express Scripts Holding in a research note on Friday, June 9th. Finally, Evercore ISI cut their target price on shares of Express Scripts Holding from $68.50 to $59.00 and set an “in-line” rating for the company in a research note on Wednesday, April 26th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $71.17.
Shares of Express Scripts Holding (ESRX) traded down 1.47% on Thursday, hitting $60.30. The company had a trading volume of 4,302,218 shares. The stock has a market cap of $34.83 billion, a PE ratio of 10.47 and a beta of 0.90. The company has a 50-day moving average of $62.96 and a 200 day moving average of $64.58. Express Scripts Holding has a 12 month low of $57.80 and a 12 month high of $77.61.
Express Scripts Holding (NASDAQ:ESRX) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.02. Express Scripts Holding had a net margin of 3.50% and a return on equity of 25.58%. The business had revenue of $25.35 billion during the quarter, compared to analysts’ expectations of $25.52 billion. During the same period last year, the firm posted $1.57 earnings per share. The business’s revenue was up .5% on a year-over-year basis. Analysts anticipate that Express Scripts Holding will post $6.99 EPS for the current fiscal year.
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In other Express Scripts Holding news, VP Phyllis S. Anderson sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $60.08, for a total value of $66,088.00. Following the transaction, the vice president now owns 11,108 shares in the company, valued at approximately $667,368.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.68% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Seven Eight Capital LP bought a new position in Express Scripts Holding during the second quarter valued at $644,000. Empirical Finance LLC raised its position in Express Scripts Holding by 2.4% in the second quarter. Empirical Finance LLC now owns 15,804 shares of the company’s stock valued at $1,009,000 after buying an additional 370 shares in the last quarter. Raymond James Trust N.A. raised its position in Express Scripts Holding by 3.5% in the second quarter. Raymond James Trust N.A. now owns 30,004 shares of the company’s stock valued at $1,915,000 after buying an additional 1,003 shares in the last quarter. Stephens Inc. AR raised its position in Express Scripts Holding by 15.3% in the second quarter. Stephens Inc. AR now owns 6,920 shares of the company’s stock valued at $442,000 after buying an additional 917 shares in the last quarter. Finally, CNA Financial Corp bought a new position in Express Scripts Holding during the second quarter valued at $945,000. Hedge funds and other institutional investors own 90.20% of the company’s stock.
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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