Express Scripts (ESRX) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Express Scripts (NASDAQ:ESRX) from a hold rating to a buy rating in a research note published on Monday.

Other equities analysts have also recently issued research reports about the company. Mizuho set a $67.00 price objective on Express Scripts and gave the company a hold rating in a report on Tuesday, October 24th. Robert W. Baird restated a hold rating and set a $56.00 price objective on shares of Express Scripts in a report on Friday, September 1st. Morgan Stanley upped their target price on Express Scripts from $52.00 to $57.00 and gave the stock an underweight rating in a report on Thursday, August 10th. Royal Bank Of Canada assumed coverage on Express Scripts in a report on Tuesday, September 19th. They issued a sector perform rating and a $68.00 target price for the company. Finally, Jefferies Group reiterated a buy rating on shares of Express Scripts in a report on Thursday, October 26th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Express Scripts currently has an average rating of Hold and an average price target of $70.67.

Express Scripts (ESRX) traded up $0.73 on Monday, reaching $68.57. The company had a trading volume of 3,744,600 shares, compared to its average volume of 4,119,560. Express Scripts has a one year low of $55.80 and a one year high of $76.38. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The stock has a market cap of $38,422.74, a PE ratio of 9.92, a P/E/G ratio of 1.00 and a beta of 0.88.

Express Scripts (NASDAQ:ESRX) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.90 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.90. Express Scripts had a return on equity of 25.46% and a net margin of 3.64%. The company had revenue of $24.68 billion during the quarter, compared to analysts’ expectations of $25.68 billion. During the same quarter in the previous year, the business earned $1.74 EPS. Express Scripts’s revenue was down 2.9% compared to the same quarter last year. sell-side analysts anticipate that Express Scripts will post 7.01 EPS for the current fiscal year.

In related news, VP Phyllis S. Anderson sold 643 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $62.37, for a total transaction of $40,103.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $63.93, for a total value of $249,327.00. Following the transaction, the director now directly owns 11,500 shares in the company, valued at $735,195. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,121 shares of company stock valued at $325,920. Corporate insiders own 0.68% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Park National Corp OH increased its holdings in shares of Express Scripts by 0.3% in the second quarter. Park National Corp OH now owns 3,575 shares of the company’s stock valued at $228,000 after purchasing an additional 11 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Express Scripts by 0.3% in the second quarter. Parkside Financial Bank & Trust now owns 8,634 shares of the company’s stock valued at $551,000 after purchasing an additional 23 shares during the period. Carroll Financial Associates Inc. increased its holdings in shares of Express Scripts by 1.0% in the second quarter. Carroll Financial Associates Inc. now owns 3,186 shares of the company’s stock valued at $203,000 after purchasing an additional 30 shares during the period. CAPROCK Group Inc. increased its holdings in shares of Express Scripts by 0.9% in the second quarter. CAPROCK Group Inc. now owns 3,675 shares of the company’s stock valued at $235,000 after purchasing an additional 33 shares during the period. Finally, Sandy Spring Bank increased its holdings in shares of Express Scripts by 0.6% in the second quarter. Sandy Spring Bank now owns 6,464 shares of the company’s stock valued at $413,000 after purchasing an additional 37 shares during the period. 88.44% of the stock is currently owned by 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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Express Scripts (NASDAQ:ESRX)

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