Shares of Express Scripts Holding Company (NASDAQ:ESRX) traded up 5.5% on Friday . The stock traded as high as $62.41 and last traded at $62.19. 9,076,649 shares traded hands during trading, an increase of 158% from the average session volume of 3,523,980 shares. The stock had previously closed at $58.93.
Several analysts have weighed in on the company. Jefferies Group LLC reiterated a “buy” rating on shares of Express Scripts Holding in a research note on Thursday. Royal Bank Of Canada set a $66.00 price target on Express Scripts Holding and gave the company a “hold” rating in a research note on Wednesday. Robert W. Baird boosted their price target on Express Scripts Holding from $57.00 to $59.00 and gave the company a “neutral” rating in a research note on Wednesday. Mizuho set a $67.00 price target on Express Scripts Holding and gave the company a “hold” rating in a research note on Tuesday, October 24th. Finally, Zacks Investment Research downgraded Express Scripts Holding from a “buy” rating to a “sell” rating in a research note on Tuesday, October 24th. Seven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $69.56.
The firm has a market capitalization of $35.92 billion, a P/E ratio of 10.79 and a beta of 0.88. The firm has a 50-day moving average price of $61.07 and a 200-day moving average price of $61.95.
Express Scripts Holding (NASDAQ:ESRX) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $1.90 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.90. Express Scripts Holding had a return on equity of 25.46% and a net margin of 3.64%. The company had revenue of $24.68 billion for the quarter, compared to analyst estimates of $25.68 billion. During the same quarter in the previous year, the company earned $1.74 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts forecast that Express Scripts Holding Company will post $7.00 earnings per share for the current fiscal year.
In other Express Scripts Holding news, VP Everett Neville sold 1,163 shares of Express Scripts Holding stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $61.48, for a total value of $71,501.24. Following the sale, the vice president now owns 18,232 shares of the company’s stock, valued at approximately $1,120,903.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Phyllis S. Anderson sold 578 shares of Express Scripts Holding stock in a transaction that occurred 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 sale, the vice president now directly owns 10,530 shares in the company, valued at approximately $664,758.90. The disclosure for this sale can be found here. Insiders sold a total of 5,641 shares of company stock worth $357,317 in the last ninety days. 0.68% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in ESRX. Dodge & Cox boosted its stake in shares of Express Scripts Holding by 25.7% during the 2nd quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock worth $2,310,275,000 after acquiring an additional 7,388,021 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in shares of Express Scripts Holding during the 2nd quarter worth approximately $181,234,000. Renaissance Technologies LLC boosted its stake in shares of Express Scripts Holding by 9,353.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,308,239 shares of the company’s stock worth $86,226,000 after acquiring an additional 1,294,400 shares in the last quarter. Baupost Group LLC MA purchased a new stake in shares of Express Scripts Holding during the 1st quarter worth approximately $80,978,000. Finally, Northern Trust Corp boosted its stake in shares of Express Scripts Holding by 12.2% during the 2nd quarter. Northern Trust Corp now owns 11,068,777 shares of the company’s stock worth $706,629,000 after acquiring an additional 1,206,980 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.
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About Express Scripts Holding
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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