Express Scripts Holding Company (ESRX) Rating Lowered to Underperform at Wells Fargo & Co

Wells Fargo & Co cut shares of Express Scripts Holding Company (NASDAQ:ESRX) from a market perform rating to an underperform rating in a research note published on Wednesday morning.

ESRX has been the topic of several other reports. Sanford C. Bernstein reaffirmed an underperform rating and issued a $59.00 target price on shares of Express Scripts Holding Company in a research report on Thursday, December 1st. Oppenheimer Holdings Inc. reaffirmed a hold rating on shares of Express Scripts Holding Company in a research report on Tuesday, February 14th. Vetr raised Express Scripts Holding Company from a hold rating to a buy rating and set a $79.36 target price on the stock in a research report on Monday, February 27th. Leerink Swann reaffirmed a market perform rating on shares of Express Scripts Holding Company in a research report on Friday, December 16th. Finally, TheStreet lowered Express Scripts Holding Company from a b- rating to a c+ rating in a research report on Monday, February 6th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $77.03.

Express Scripts Holding Company (NASDAQ:ESRX) opened at 64.37 on Wednesday. The stock’s 50 day moving average price is $68.74 and its 200 day moving average price is $70.80. Express Scripts Holding Company has a 52-week low of $63.84 and a 52-week high of $80.02. The firm has a market capitalization of $38.99 billion, a PE ratio of 11.94 and a beta of 0.92.

Express Scripts Holding Company (NASDAQ:ESRX) last issued its earnings results on Tuesday, February 14th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.01. The business had revenue of $24.90 billion for the quarter, compared to analyst estimates of $26.31 billion. Express Scripts Holding Company had a return on equity of 24.99% and a net margin of 2.70%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the company posted $1.56 EPS. Analysts expect that Express Scripts Holding Company will post $6.93 earnings per share for the current year.

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In other news, VP Everett Neville sold 1,123 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $69.41, for a total transaction of $77,947.43. Following the completion of the sale, the vice president now directly owns 12,712 shares in the company, valued at $882,339.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the stock. Dodge & Cox acquired a new stake in shares of Express Scripts Holding Company during the fourth quarter valued at $1,456,850,000. Norges Bank acquired a new stake in shares of Express Scripts Holding Company during the fourth quarter valued at $440,205,000. Toronto Dominion Bank increased its stake in shares of Express Scripts Holding Company by 24,343.7% in the third quarter. Toronto Dominion Bank now owns 3,279,364 shares of the company’s stock valued at $229,589,000 after buying an additional 3,265,948 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Express Scripts Holding Company during the third quarter valued at $207,602,000. Finally, Brave Warrior Advisors LLC acquired a new stake in shares of Express Scripts Holding Company during the fourth quarter valued at $129,966,000. Institutional investors own 85.36% of the company’s stock.

About Express Scripts Holding Company

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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