Cowen and Company Lowers Express Scripts Holding Company Price Target to $79.00 (ESRX)
Equities researchers at Cowen and Company reduced their price target on shares of Express Scripts Holding Company (NASDAQ:ESRX) from $85.00 to $79.00 in a research report issued on Wednesday, StockRatingsNetwork reports. Cowen and Company’s price objective points to a potential upside of 18.65% from the company’s current price.
Shares of Express Scripts Holding Company (NASDAQ:ESRX) traded down 6.24% on Wednesday, hitting $66.58. 20,945,348 shares of the company’s stock traded hands. Express Scripts Holding Company has a 52 week low of $59.02 and a 52 week high of $79.37. The stock has a 50-day moving average of $74.38 and a 200-day moving average of $70.87. The company has a market cap of $51.668 billion and a P/E ratio of 31.63. Express Scripts Holding Company also saw some unusual options trading on Wednesday. Stock traders acquired 9,940 put options on the stock. This represents an increase of 301% compared to the typical daily volume of 2,479 put options.
Express Scripts Holding Company (NASDAQ:ESRX) last released its earnings data on Tuesday, April 29th. The company reported $0.99 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.01 by $0.02. The company had revenue of $23.69 billion for the quarter, compared to the consensus estimate of $23.81 billion. During the same quarter last year, the company posted $0.99 earnings per share. Express Scripts Holding Company’s revenue was down 9.0% compared to the same quarter last year. Analysts expect that Express Scripts Holding Company will post $4.94 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Express Scripts Holding Company in a research note on Friday, April 11th. They now have a $76.00 price target on the stock. Separately, analysts at ISI Group cut their price target on shares of Express Scripts Holding Company from $77.50 to $75.00 in a research note on Thursday, April 10th. Finally, analysts at Jefferies Group raised their price target on shares of Express Scripts Holding Company from $84.00 to $86.00 in a research note on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Express Scripts Holding Company has a consensus rating of “Buy” and a consensus price target of $79.47.
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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