Express Scripts (ESRX) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of Express Scripts (NASDAQ:ESRX) from a c+ rating to a b- rating in a report published on Monday.

A number of other brokerages have also commented on ESRX. Jefferies Group set a $72.00 price target on shares of Express Scripts and gave the stock a buy rating in a report on Tuesday, August 29th. Mizuho set a $67.00 price target on shares of Express Scripts and gave the stock a hold rating in a report on Tuesday, October 24th. ValuEngine upgraded shares of Express Scripts from a hold rating to a buy rating in a report on Monday. Royal Bank Of Canada initiated coverage on shares of Express Scripts in a report on Tuesday, September 19th. They set a sector perform rating and a $68.00 price target on the stock. Finally, UBS lowered shares of Express Scripts from a market perform rating to an underperform rating in a report on Monday, October 9th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and an average price target of $70.67.

Express Scripts (NASDAQ ESRX) opened at $67.41 on Monday. The company has a market cap of $38,840.00, a price-to-earnings ratio of 9.92, a PEG ratio of 1.00 and a beta of 0.88. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.73. Express Scripts has a fifty-two week low of $55.80 and a fifty-two week high of $75.99.

Express Scripts (NASDAQ:ESRX) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.90 EPS for the quarter, hitting analysts’ consensus estimates of $1.90. The company had revenue of $24.68 billion for the quarter, compared to analyst estimates of $25.68 billion. Express Scripts had a net margin of 3.64% and a return on equity of 25.46%. Express Scripts’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 earnings per share. research analysts forecast that Express Scripts will post 7.01 EPS for the current year.

In other Express Scripts news, VP Phyllis S. Anderson sold 643 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $62.37, for a total value of $40,103.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $63.93, for a total transaction of $249,327.00. Following the completion of the sale, the director now directly owns 11,500 shares of the company’s stock, valued at $735,195. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Nordea Investment Management AB grew its position in Express Scripts by 1.4% in the 2nd 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 in the last quarter. First Trust Advisors LP grew its position in 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 purchasing an additional 143,163 shares in the last quarter. Van ECK Associates Corp grew its position in 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 purchasing an additional 24,728 shares in the last quarter. Lazard Asset Management LLC grew its position in 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 purchasing an additional 50,707 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Express Scripts by 1.7% during the 2nd quarter. Legal & General Group Plc now owns 3,654,765 shares of the company’s stock valued at $233,323,000 after acquiring an additional 62,263 shares during the period. 88.44% of the stock is owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for Express Scripts (NASDAQ:ESRX)

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