Express Scripts (NASDAQ:ESRX) was upgraded by research analysts at Sanford C. Bernstein from an “underperform” rating to a “market perform” rating in a research report issued on Wednesday.
Other research analysts also recently issued reports about the company. TheStreet upgraded Express Scripts from a “c+” rating to a “b-” rating in a report on Monday. Mizuho set a $67.00 price target on Express Scripts and gave the company a “hold” rating in a report on Tuesday, October 24th. Robert W. Baird reiterated a “hold” rating and issued a $56.00 price target on shares of Express Scripts in a report on Friday, September 1st. Morgan Stanley lifted their price target on Express Scripts from $52.00 to $57.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Finally, ValuEngine upgraded Express Scripts from a “hold” rating to a “buy” rating in a report on Monday. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $70.67.
Shares of Express Scripts (NASDAQ ESRX) opened at $67.84 on Wednesday. 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 firm has a market capitalization of $38,603.98, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.01 and a beta of 0.88. Express Scripts has a 1 year low of $55.80 and a 1 year high of $77.25.
In related news, Director Woodrow A. Myers, Jr. sold 3,900 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $63.93, for a total transaction of $249,327.00. Following the transaction, the director now directly owns 11,500 shares in the company, valued at approximately $735,195. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Timothy C. Wentworth bought 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were acquired at an average price of $61.13 per share, for a total transaction of $489,040.00. Following the completion of the purchase, the chief executive officer now owns 98,628 shares in the company, valued at $6,029,129.64. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 5,121 shares of company stock worth $325,920. 0.68% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of ESRX. Endurant Capital Management LP grew its stake in Express Scripts by 22.8% during the 1st quarter. Endurant Capital Management LP now owns 118,027 shares of the company’s stock valued at $7,779,000 after purchasing an additional 21,900 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in Express Scripts by 15.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 69,700 shares of the company’s stock valued at $4,594,000 after purchasing an additional 9,400 shares during the last quarter. Cambria Investment Management L.P. grew its stake in Express Scripts by 1.2% during the 1st quarter. Cambria Investment Management L.P. now owns 17,176 shares of the company’s stock valued at $1,132,000 after purchasing an additional 209 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in Express Scripts by 274.3% during the 1st quarter. Tudor Investment Corp ET AL now owns 234,995 shares of the company’s stock valued at $15,489,000 after purchasing an additional 172,209 shares during the last quarter. Finally, Caxton Associates LP purchased a new stake in Express Scripts during the 1st quarter valued at about $468,000. Institutional investors and hedge funds own 88.44% of the company’s stock.
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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).
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