Express Scripts Holding Company (ESRX) Stock Rating Reaffirmed by Raymond James Financial, Inc.

Raymond James Financial, Inc. reaffirmed their underperform rating on shares of Express Scripts Holding Company (NASDAQ:ESRX) in a research note published on Monday morning, Marketbeat.com reports.

Several other analysts also recently weighed in on ESRX. BidaskClub downgraded Express Scripts Holding from a sell rating to a strong sell rating in a report on Friday, August 4th. ValuEngine upgraded Express Scripts Holding from a hold rating to a buy rating in a report on Monday, October 2nd. UBS AG downgraded Express Scripts Holding from a market perform rating to an underperform rating in a report on Monday. Royal Bank Of Canada began coverage on Express Scripts Holding in a report on Tuesday, September 19th. They issued a sector perform rating and a $68.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on Express Scripts Holding from $52.00 to $57.00 and gave the company an underweight rating in a report on Thursday, August 10th. Six equities research 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’s stock. Express Scripts Holding has a consensus rating of Hold and an average target price of $69.45.

Express Scripts Holding (NASDAQ ESRX) opened at 57.67 on Monday. The firm has a 50-day moving average of $61.96 and a 200 day moving average of $62.50. The company has a market capitalization of $33.31 billion, a price-to-earnings ratio of 10.01 and a beta of 0.88. Express Scripts Holding has a one year low of $57.41 and a one year high of $77.50.

Express Scripts Holding (NASDAQ:ESRX) last released its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.02. The firm had revenue of $25.35 billion during the quarter, compared to the consensus estimate of $25.52 billion. Express Scripts Holding had a return on equity of 25.58% and a net margin of 3.50%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 earnings per share. Equities research analysts predict that Express Scripts Holding will post $6.99 earnings per share for the current fiscal year.

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In other news, VP Everett Neville sold 1,163 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $61.48, for a total transaction of $71,501.24. Following the transaction, the vice president now owns 18,232 shares in the company, valued at $1,120,903.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Phyllis S. Anderson sold 578 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $63.13, for a total transaction of $36,489.14. Following the transaction, the vice president now owns 10,530 shares in the company, valued at approximately $664,758.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,641 shares of company stock worth $357,317. Corporate insiders own 0.68% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Express Scripts Holding by 1.6% in the first quarter. Vanguard Group Inc. now owns 40,251,311 shares of the company’s stock valued at $2,652,964,000 after buying an additional 649,400 shares during the last quarter. Dodge & Cox boosted its position in Express Scripts Holding by 25.7% in the second quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock valued at $2,310,275,000 after buying an additional 7,388,021 shares during the last quarter. State Street Corp boosted its position in Express Scripts Holding by 1.1% in the first quarter. State Street Corp now owns 27,060,709 shares of the company’s stock valued at $1,783,569,000 after buying an additional 298,341 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Express Scripts Holding by 4.2% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,612,834 shares of the company’s stock valued at $1,160,862,000 after buying an additional 704,218 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in Express Scripts Holding by 8.4% in the second quarter. Macquarie Group Ltd. now owns 11,880,919 shares of the company’s stock valued at $758,480,000 after buying an additional 922,406 shares during the last quarter. Hedge funds and other institutional investors own 88.69% of the company’s stock.

Express Scripts Holding 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).

Analyst Recommendations for Express Scripts Holding (NASDAQ:ESRX)

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