FBR Capital Markets Increases Express Scripts Holding Company Price Target to $83.00 (ESRX)
Equities research analysts at FBR Capital Markets upped their price target on shares of Express Scripts Holding Company (NASDAQ:ESRX) from $75.00 to $83.00 in a research note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price points to a potential upside of 7.62% from the stock’s previous close.
A number of other firms have also recently commented on ESRX. Analysts at Maxim Group raised their price target on shares of Express Scripts Holding Company from $80.00 to $92.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Monness Crespi & Hardt upgraded shares of Express Scripts Holding Company from a “neutral” rating to a “buy” rating in a research note on Wednesday. Finally, analysts at Monness Crespi & Hardt downgraded shares of Express Scripts Holding Company from a “buy” rating to a “neutral” rating in a research note on Tuesday. They now have a $78.00 price target on the stock. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $74.06.
Express Scripts Holding Company (NASDAQ:ESRX) traded down 4.03% on Friday, hitting $74.01. 15,381,964 shares of the company’s stock traded hands. Express Scripts Holding Company has a 1-year low of $54.57 and a 1-year high of $78.17. The stock has a 50-day moving average of $73.88 and a 200-day moving average of $67.17. The company has a market cap of $59.638 billion and a P/E ratio of 34.68. Express Scripts Holding Company also was the recipient of unusually large options trading on Friday. Investors purchased 9,828 put options on the stock. This represents an increase of 206% compared to the typical volume of 3,208 put options.
Express Scripts Holding Company (NASDAQ:ESRX) last announced its earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.12. The company had revenue of $25.78 billion for the quarter, compared to the consensus estimate of $25.49 billion. Analysts expect that Express Scripts Holding Company will post $4.93 EPS for the current fiscal year.
Express Scripts, Inc is a pharmacy benefit management (NASDAQ:ESRX) 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.
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