Leerink Swann Increases Express Scripts Holding Company Price Target to $85.00 (ESRX)
Equities research analysts at Leerink Swann raised their price objective on shares of Express Scripts Holding Company (NASDAQ:ESRX) from $80.00 to $85.00 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. Leerink Swann’s price target points to a potential upside of 22.14% from the company’s current price.
Several other analysts have also recently commented on the stock. 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 analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $77.10.
Shares of Express Scripts Holding Company (NASDAQ:ESRX) traded up 0.65% on Wednesday, hitting $70.04. 1,418,706 shares of the company’s stock traded hands. Express Scripts Holding Company has a one year low of $59.20 and a one year high of $79.37. The stock has a 50-day moving average of $69.60 and a 200-day moving average of $71.82. The company has a market cap of $54.182 billion and a P/E ratio of 31.29. Express Scripts Holding Company also saw a significant drop in short interest in 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. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 5,929,686 shares, the short-interest ratio is currently 2.4 days.
Express Scripts Holding Company (NASDAQ:ESRX) last announced its earnings results on Tuesday, April 29th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the 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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