Express Scripts (ESRX) Now Covered by Analysts at Deutsche Bank
Research analysts at Deutsche Bank started coverage on shares of Express Scripts (NASDAQ:ESRX) in a report released on Monday, Marketbeat.com reports. The brokerage set a “buy” rating and a $75.00 price target on the stock. Deutsche Bank’s target price indicates a potential upside of 10.04% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the stock. ValuEngine cut shares of Express Scripts from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird restated a “hold” rating and set a $56.00 target price on shares of Express Scripts in a research report on Friday, September 1st. Jefferies Group set a $72.00 target price on shares of Express Scripts and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Raymond James Financial restated an “underperform” rating on shares of Express Scripts in a research report on Monday, October 9th. Finally, Zacks Investment Research lowered shares of Express Scripts from a “buy” rating to a “sell” rating in a research report on Tuesday, October 24th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $70.67.
Express Scripts (ESRX) traded up $3.75 during mid-day trading on Monday, reaching $68.16. 8,791,554 shares of the company were exchanged, compared to its average volume of 4,116,816. The stock has a market capitalization of $36,480.00, a P/E ratio of 9.42, a P/E/G ratio of 0.95 and a beta of 0.88. Express Scripts has a 52-week low of $55.80 and a 52-week high of $77.25. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.
In other news, VP Phyllis S. Anderson sold 578 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $63.13, for a total value of $36,489.14. Following the completion of the transaction, the vice president now directly owns 10,530 shares in the company, valued at $664,758.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy C. Wentworth purchased 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was bought at an average cost of $61.13 per share, for a total transaction of $489,040.00. Following the completion of the acquisition, the chief executive officer now directly owns 98,628 shares of the company’s stock, valued at $6,029,129.64. The disclosure for this purchase can be found here. Insiders sold 5,121 shares of company stock valued at $325,920 over the last 90 days. Insiders own 0.68% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB raised its holdings in shares of Express Scripts by 1.4% during the second quarter. Nordea Investment Management AB now owns 7,116,445 shares of the company’s stock worth $454,314,000 after purchasing an additional 97,953 shares during the period. First Trust Advisors LP increased its holdings in shares of Express Scripts by 25.3% in the 2nd quarter. First Trust Advisors LP now owns 708,955 shares of the company’s stock worth $45,260,000 after acquiring an additional 143,163 shares during the period. Van ECK Associates Corp increased its holdings in shares of Express Scripts by 5.1% in the 3rd quarter. Van ECK Associates Corp now owns 506,511 shares of the company’s stock worth $32,072,000 after acquiring an additional 24,728 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Express Scripts by 81.8% in the 2nd quarter. Lazard Asset Management LLC now owns 112,666 shares of the company’s stock worth $7,192,000 after acquiring an additional 50,707 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Express Scripts by 1.7% in the 2nd quarter. Legal & General Group Plc now owns 3,654,765 shares of the company’s stock worth $233,323,000 after acquiring an additional 62,263 shares during the period. 88.44% of the stock is currently owned by hedge funds and other institutional investors.
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About Express Scripts
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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