Express Scripts (ESRX) Shares Gap Up After Analyst Upgrade
Express Scripts Holding Company (NASDAQ:ESRX) shares gapped up prior to trading on Thursday after Robert W. Baird upgraded the stock from a neutral rating to an outperform rating. The stock had previously closed at $67.14, but opened at $68.57. Robert W. Baird now has a $81.00 price target on the stock, up from their previous price target of $72.00. Express Scripts shares last traded at $69.02, with a volume of 6154635 shares.
ESRX has been the subject of a number of other research reports. SunTrust Banks set a $82.00 price target on shares of Express Scripts and gave the stock a “buy” rating in a report on Thursday. Jefferies Group reaffirmed a “buy” rating on shares of Express Scripts in a report on Thursday, October 26th. Zacks Investment Research raised shares of Express Scripts from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Monday, October 16th. Sanford C. Bernstein raised shares of Express Scripts from an “underperform” rating to a “market perform” rating in a report on Wednesday, December 6th. Finally, BidaskClub raised shares of Express Scripts from a “hold” rating to a “buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $73.77.
In related news, VP Phyllis S. Anderson sold 643 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $62.37, for a total transaction of $40,103.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Timothy C. Wentworth purchased 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were purchased at an average price of $61.13 per share, for a total transaction of $489,040.00. Following the transaction, the chief executive officer now owns 98,628 shares of the company’s stock, valued at approximately $6,029,129.64. The disclosure for this purchase can be found here. Company insiders own 0.68% of the company’s stock.
The stock has a market cap of $39,090.00, a PE ratio of 10.02, a P/E/G ratio of 1.01 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 (NASDAQ:ESRX) last announced its earnings results on Tuesday, October 24th. The company reported $1.90 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.90. Express Scripts had a net margin of 3.64% and a return on equity of 25.46%. The business had revenue of $24.68 billion for the quarter, compared to analyst estimates of $25.68 billion. During the same quarter last year, the business earned $1.74 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. equities research analysts expect that Express Scripts Holding Company will post 7.01 earnings per share for the current year.
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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