Express Scripts (ESRX) Lifted to “Buy” at BidaskClub
BidaskClub upgraded shares of Express Scripts (NASDAQ:ESRX) from a hold rating to a buy rating in a research report released on Thursday morning.
Several other research analysts also recently issued reports 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. Robert W. Baird reiterated a hold rating and set a $56.00 price target on shares of Express Scripts in a report on Friday, September 1st. ValuEngine downgraded shares of Express Scripts from a buy rating to a hold rating in a report on Friday, September 1st. 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 for the company. Finally, UBS downgraded shares of Express Scripts from a market perform rating to an underperform rating in a report on Monday, October 9th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Express Scripts has an average rating of Hold and an average target price of $74.40.
Shares of Express Scripts (NASDAQ ESRX) traded up $2.53 on Thursday, reaching $71.55. 8,786,136 shares of the company’s stock traded hands, compared to its average volume of 4,094,484. Express Scripts has a 1-year low of $55.80 and a 1-year high of $73.42. The firm has a market capitalization of $40,523.99, a P/E ratio of 10.46, a P/E/G ratio of 1.06 and a beta of 0.88. 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, CEO Timothy C. Wentworth purchased 8,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were acquired at an average price of $61.13 per share, with a total value of $489,040.00. Following the completion of the transaction, the chief executive officer now owns 98,628 shares of the company’s stock, valued at approximately $6,029,129.64. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Phyllis S. Anderson sold 643 shares of the company’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 disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Burt Wealth Advisors boosted its position in Express Scripts by 11.4% during the second quarter. Burt Wealth Advisors now owns 1,696 shares of the company’s stock valued at $108,000 after acquiring an additional 174 shares during the last quarter. CKW Financial Group boosted its position in Express Scripts by 20.0% during the second quarter. CKW Financial Group now owns 1,800 shares of the company’s stock valued at $115,000 after acquiring an additional 300 shares during the last quarter. Bank of Nova Scotia Trust Co. bought a new stake in Express Scripts during the third quarter valued at $120,000. First Personal Financial Services boosted its position in Express Scripts by 199.1% during the second quarter. First Personal Financial Services now owns 2,103 shares of the company’s stock valued at $134,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Monroe Bank & Trust MI boosted its position in Express Scripts by 74.8% during the third quarter. Monroe Bank & Trust MI now owns 2,266 shares of the company’s stock valued at $156,000 after acquiring an additional 970 shares during the last quarter. 88.44% of the stock is currently owned by institutional investors and hedge funds.
Express Scripts 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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