Short Interest in Express Scripts Holding Company Grows By 9.2% (ESRX)
Express Scripts Holding Company (NASDAQ:ESRX) saw a significant increase in short interest in the month of June. As of June 13th, there was short interest totalling 17,166,098 shares, an increase of 9.2% from the May 30th total of 15,725,181 shares, Analyst Ratings Net reports. Based on an average daily trading volume, of 4,486,644 shares, the days-to-cover ratio is currently 3.8 days. Currently, 2.2% of the company’s shares are short sold.
A number of research firms have recently commented on ESRX. Analysts at Leerink Swann raised their price target on shares of Express Scripts Holding Company from $80.00 to $85.00 in a research note on Wednesday, June 4th. They now have an “outperform” rating on the stock. Separately, 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, June 2nd. They now have a $77.00 price target on the stock, down previously from $79.00. 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 research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $80.15.
Express Scripts Holding Company (NASDAQ:ESRX) opened at 69.60 on Monday. 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 $69.83 and a 200-day moving average of $72.17. The company has a market cap of $53.841 billion and a P/E ratio of 30.95.
Express Scripts Holding Company (NASDAQ:ESRX) last posted its quarterly 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 in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, analysts predict that Express Scripts Holding Company will post $4.86 earnings per share 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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