UBS AG Lowers Express Scripts Holding Company (NASDAQ:ESRX) to Underperform

UBS AG cut shares of Express Scripts Holding Company (NASDAQ:ESRX) from a market perform rating to an underperform rating in a report released on Monday, October 9th, The Fly reports.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird reissued a hold rating and set a $56.00 price objective on shares of Express Scripts Holding in a research note on Friday, September 1st. Morgan Stanley upped their price target on shares of Express Scripts Holding from $52.00 to $57.00 and gave the stock an underweight rating in a research report on Thursday, August 10th. BidaskClub lowered shares of Express Scripts Holding from a sell rating to a strong sell rating in a research report on Friday, August 4th. Royal Bank Of Canada initiated coverage on shares of Express Scripts Holding in a research report on Tuesday, September 19th. They set a sector perform rating and a $68.00 price target for the company. Finally, ValuEngine lowered shares of Express Scripts Holding from a buy rating to a hold rating in a research report on Friday, September 1st. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and an average target price of $69.09.

Shares of Express Scripts Holding (NASDAQ:ESRX) opened at 57.21 on Monday. Express Scripts Holding has a one year low of $56.62 and a one year high of $77.50. The firm has a market cap of $33.04 billion, a P/E ratio of 9.93 and a beta of 0.88. The stock’s 50 day moving average is $61.90 and its 200-day moving average is $62.41.

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

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In related news, Director Woodrow A. Myers, Jr. sold 3,900 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $63.93, for a total transaction of $249,327.00. Following the completion of the sale, the director now directly owns 11,500 shares of the company’s stock, valued at approximately $735,195. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Phyllis S. Anderson sold 578 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $63.13, for a total transaction of $36,489.14. Following the sale, the vice president now directly owns 10,530 shares of the company’s stock, valued at $664,758.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,641 shares of company stock valued at $357,317. Company insiders own 0.68% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of ESRX. Waldron LP bought a new position in Express Scripts Holding during the 1st quarter valued at $206,000. Capital Analysts LLC boosted its stake in Express Scripts Holding by 5.6% during the 1st quarter. Capital Analysts LLC now owns 1,877 shares of the company’s stock valued at $124,000 after acquiring an additional 100 shares during the last quarter. TD Asset Management Inc. boosted its stake in Express Scripts Holding by 30.9% during the 1st quarter. TD Asset Management Inc. now owns 339,238 shares of the company’s stock valued at $22,359,000 after acquiring an additional 80,110 shares during the last quarter. Check Capital Management Inc. CA boosted its stake in Express Scripts Holding by 31.6% during the 1st quarter. Check Capital Management Inc. CA now owns 674,989 shares of the company’s stock valued at $44,489,000 after acquiring an additional 162,230 shares during the last quarter. Finally, Mosaic Family Wealth LLC boosted its stake in Express Scripts Holding by 20.1% during the 1st quarter. Mosaic Family Wealth LLC now owns 8,520 shares of the company’s stock valued at $562,000 after acquiring an additional 1,426 shares during the last quarter. Hedge funds and other institutional investors own 88.69% of the company’s stock.

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).

The Fly

Analyst Recommendations for Express Scripts Holding (NASDAQ:ESRX)

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