Express Scripts Holding Company (ESRX) Given Consensus Recommendation of “Hold” by Brokerages
Express Scripts Holding Company (NASDAQ:ESRX) has received an average recommendation of “Hold” from the twenty-five brokerages that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $69.34.
Several equities research analysts have recently weighed in on ESRX shares. BidaskClub upgraded Express Scripts Holding from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Needham & Company LLC started coverage on Express Scripts Holding in a research note on Friday, July 21st. They issued a “hold” rating on the stock. Morgan Stanley upped their price objective on Express Scripts Holding from $52.00 to $57.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. Jefferies Group LLC set a $72.00 price objective on Express Scripts Holding and gave the company a “buy” rating in a research note on Tuesday, August 29th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $56.00 price objective on shares of Express Scripts Holding in a research note on Friday, September 1st.
In other news, VP Phyllis S. Anderson sold 578 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $63.13, for a total value of $36,489.14. Following the transaction, the vice president now owns 10,530 shares of the company’s stock, valued at approximately $664,758.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Everett Neville sold 1,163 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $61.48, for a total value of $71,501.24. Following the completion of the transaction, the vice president now directly owns 18,232 shares in the company, valued at approximately $1,120,903.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,641 shares of company stock worth $357,317. Company insiders own 0.68% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Express Scripts Holding by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 40,251,311 shares of the company’s stock valued at $2,652,964,000 after purchasing an additional 649,400 shares during the period. Dodge & Cox lifted its stake in shares of Express Scripts Holding by 25.7% in the 2nd quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock valued at $2,310,275,000 after purchasing an additional 7,388,021 shares during the period. State Street Corp lifted its stake in shares of Express Scripts Holding by 1.1% in the 1st quarter. State Street Corp now owns 27,060,709 shares of the company’s stock valued at $1,783,569,000 after purchasing an additional 298,341 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Express Scripts Holding by 4.2% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,612,834 shares of the company’s stock valued at $1,160,862,000 after purchasing an additional 704,218 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in shares of Express Scripts Holding by 8.4% in the 2nd quarter. Macquarie Group Ltd. now owns 11,880,919 shares of the company’s stock valued at $758,480,000 after purchasing an additional 922,406 shares during the period. 88.69% of the stock is currently owned by institutional investors.
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Express Scripts Holding (NASDAQ:ESRX) traded down 0.14% on Thursday, reaching $57.63. The company had a trading volume of 2,132,776 shares. The company has a 50-day moving average of $62.06 and a 200 day moving average of $62.53. Express Scripts Holding has a one year low of $57.41 and a one year high of $77.50. The stock has a market cap of $33.28 billion, a price-to-earnings ratio of 10.00 and a beta of 0.88.
Express Scripts Holding (NASDAQ:ESRX) last released its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.02. Express Scripts Holding had a return on equity of 25.58% and a net margin of 3.50%. The company had revenue of $25.35 billion for the quarter, compared to analyst estimates of $25.52 billion. During the same period in the prior year, the company posted $1.57 EPS. The company’s revenue was up .5% compared to the same quarter last year. On average, equities research analysts predict that Express Scripts Holding will post $6.99 EPS for the current year.
Express Scripts Holding Company Profile
Express Scripts, Inc is a pharmacy benefit management (PBM) 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. It operates in two segments: PBM and Emerging Markets (EM).
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