Express Scripts Holding Company (ESRX) Given a $66.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a $66.00 price objective on Express Scripts Holding Company (NASDAQ:ESRX) in a report published on Wednesday, October 25th. The firm currently has a hold rating on the stock.

Several other research firms have also commented on ESRX. ValuEngine raised Express Scripts Holding from a hold rating to a buy rating in a report on Monday, October 2nd. Robert W. Baird reaffirmed a hold rating and set a $56.00 target price on shares of Express Scripts Holding in a report on Friday, September 1st. Needham & Company LLC assumed coverage on Express Scripts Holding in a report on Friday, July 21st. They set a hold rating for the company. BidaskClub lowered Express Scripts Holding from a sell rating to a strong sell rating in a report on Friday, August 4th. Finally, Raymond James Financial, Inc. reaffirmed an underperform rating on shares of Express Scripts Holding in a report on Monday, October 9th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $69.53.

Shares of Express Scripts Holding (ESRX) traded down $0.70 during midday trading on Wednesday, reaching $60.05. The company’s stock had a trading volume of 3,608,400 shares, compared to its average volume of 4,115,587. Express Scripts Holding has a 12-month low of $55.80 and a 12-month high of $77.50. The firm has a market capitalization of $34,407.16, a PE ratio of 8.88, a P/E/G ratio of 0.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.73 and a quick ratio of 0.61.

Express Scripts Holding (NASDAQ:ESRX) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $1.90 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.90. Express Scripts Holding had a return on equity of 25.46% and a net margin of 3.64%. The firm had revenue of $24.68 billion for the quarter, compared to analysts’ expectations of $25.68 billion. During the same quarter in the prior year, the firm posted $1.74 earnings per share. Express Scripts Holding’s revenue for the quarter was down 2.9% compared to the same quarter last year. research analysts anticipate that Express Scripts Holding will post 7.01 EPS for the current fiscal year.

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In related news, VP Everett Neville sold 1,163 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $61.48, for a total transaction of $71,501.24. Following the completion of the sale, the vice president now directly owns 18,232 shares in the company, valued at $1,120,903.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Phyllis S. Anderson sold 578 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $63.13, for a total value of $36,489.14. Following the sale, the vice president now 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 quarter, insiders have sold 6,284 shares of company stock valued at $397,421. 0.68% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Zeke Capital Advisors LLC increased its position in Express Scripts Holding by 85.4% during the third quarter. Zeke Capital Advisors LLC now owns 12,347 shares of the company’s stock worth $782,000 after buying an additional 5,688 shares during the last quarter. Twin Capital Management Inc. increased its position in Express Scripts Holding by 79.5% during the third quarter. Twin Capital Management Inc. now owns 83,207 shares of the company’s stock worth $5,269,000 after buying an additional 36,857 shares during the last quarter. Cadence Capital Management LLC acquired a new position in Express Scripts Holding during the third quarter worth $1,550,000. Marshall & Sullivan Inc. WA increased its position in Express Scripts Holding by 4.1% during the third quarter. Marshall & Sullivan Inc. WA now owns 41,102 shares of the company’s stock worth $2,519,000 after buying an additional 1,615 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Express Scripts Holding by 12.1% during the third quarter. Schroder Investment Management Group now owns 2,314,162 shares of the company’s stock worth $145,954,000 after buying an additional 248,883 shares during the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

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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