Express Scripts Holding Company Sees Large Decline in Short Interest (ESRX)
Shares of Express Scripts Holding Company (NASDAQ:ESRX) were the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 14,489,826 shares, a drop of 14.5% from the April 30th total of 16,955,704 shares, American Banking News.com reports. Based on an average daily volume of 5,929,686 shares, the short-interest ratio is currently 2.4 days. Approximately 1.9% of the shares of the company are short sold.
ESRX has been the subject of a number of recent research reports. Analysts at Cowen and Company downgraded shares of Express Scripts Holding Company from an “outperform” rating to a “market perform” rating in a research note on Monday. They now have a $77.00 price target on the stock, down previously from $79.00. Separately, analysts at Nomura cut their price target on shares of Express Scripts Holding Company from $20.00 to $16.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Express Scripts Holding Company in a research note on Friday, May 23rd. They now have a $74.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Express Scripts Holding Company has an average rating of “Buy” and a consensus target price of $76.86.
Express Scripts Holding Company (NASDAQ:ESRX) opened at 70.04 on Tuesday. Express Scripts Holding Company has a 52-week low of $59.20 and a 52-week high of $79.37. The stock’s 50-day moving average is $69.68 and its 200-day moving average is $71.79. The company has a market cap of $54.182 billion and a P/E ratio of 32.14.
Express Scripts Holding Company (NASDAQ:ESRX) last announced its earnings results 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 $4.87 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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