In today’s session Express Scripts Holding Company (ESRX) registered an unusually high (647) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious ESRX increase. With 647 contracts traded and 3374 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: ESRX170217C00080000 closed last at: $2.33 or 20.1% up. About 1.07 million shares traded hands. Express Scripts Holding Company (NASDAQ:ESRX) has risen 4.31% since April 25, 2016 and is uptrending. It has underperformed by 1.70% the S&P500.
Analysts await Express Scripts Holding Company (NASDAQ:ESRX) to report earnings on February, 21. They expect $1.87 earnings per share, up 19.87% or $0.31 from last year’s $1.56 per share. ESRX’s profit will be $1.15B for 10.29 P/E if the $1.87 EPS becomes a reality. After $1.74 actual earnings per share reported by Express Scripts Holding Company for the previous quarter, Wall Street now forecasts 7.47% EPS growth.
Express Scripts Holding Company (NASDAQ:ESRX) Ratings Coverage
Out of 15 analysts covering Express Scripts (NASDAQ:ESRX), 6 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 40% are positive. $96 is the highest target while $61 is the lowest. The $82.58 average target is 7.30% above today’s ($76.96) stock price. Express Scripts has been the topic of 23 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was upgraded by Deutsche Bank to “Hold” on Friday, November 4. On Thursday, July 30 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Express Scripts Holding Company (NASDAQ:ESRX) earned “Underweight” rating by Morgan Stanley on Monday, June 20. The firm has “Outperform” rating by Cowen & Co given on Monday, April 4. The stock of Express Scripts Holding Company (NASDAQ:ESRX) has “Sell” rating given on Monday, February 22 by Deutsche Bank. The rating was maintained by Leerink Swann with “Market Perform” on Wednesday, March 23. The rating was maintained by Mizuho on Wednesday, January 13 with “Buy”. Morgan Stanley downgraded Express Scripts Holding Company (NASDAQ:ESRX) rating on Thursday, January 21. Morgan Stanley has “Equal-Weight” rating and $74 price target. Leerink Swann maintained the shares of ESRX in a report on Monday, October 5 with “Outperform” rating. The firm has “Overweight” rating by Barclays Capital given on Thursday, February 18.
According to Zacks Investment Research, “Express Scripts, Inc. is one of the largest pharmacy benefit management companies in North America. Through facilities in the states and Canada, the company serves thousands of client groups, including managed care organizations, insurance carriers, third-party administrators, employers and union-sponsored benefit plans.”
Insitutional Activity: The institutional sentiment decreased to 0.64 in 2016 Q2. Its down 0.01, from 0.65 in 2016Q1. The ratio worsened, as 76 funds sold all Express Scripts Holding Company shares owned while 514 reduced positions. 78 funds bought stakes while 304 increased positions. They now own 549.00 million shares or 2.86% less from 565.15 million shares in 2016Q1.
The New York-based Courier Cap Corporation has invested 0.15% in Express Scripts Holding Company (NASDAQ:ESRX). Hm Payson And last reported 0.05% of its portfolio in the stock. Blue Inc accumulated 5,532 shares or 0.35% of the stock. Mechanics Savings Bank Tru Department last reported 2.57% of its portfolio in the stock. Mitsubishi Ufj Trust And accumulated 0.25% or 1.49M shares. Brave Asset last reported 0.14% of its portfolio in the stock. Olstein Capital Mngmt L P accumulated 1.34% or 131,100 shares. Lowe Brockenbrough & Communications, a Virginia-based fund reported 14,647 shares. Moreover, Linscomb & Williams Inc has 0.12% invested in Express Scripts Holding Company (NASDAQ:ESRX) for 15,328 shares. Sentry holds 0.91% or 1.27 million shares in its portfolio. Moreover, Bowling Mgmt Ltd Liability has 1.1% invested in Express Scripts Holding Company (NASDAQ:ESRX) for 88,664 shares. Ami Asset Mgmt Corporation has invested 2.6% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). Ar Asset accumulated 24,460 shares or 0.78% of the stock. Trilogy Advsrs Lp, a New York-based fund reported 557,728 shares. Credit Agricole S A owns 1.04 million shares or 0.3% of their US portfolio.
ESRX Company Profile
Express Scripts Holding Company, incorporated on July 15, 2011, is a pharmacy benefit management (PBM) firm in the United States. The Firm is engaged in providing healthcare management and administration services to its clients, including managed care organizations, health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. The Firm has two business divisions, which include PBM and Other Business Operations. The PBM segment includes its integrated PBM activities and specialty pharmacy operations. The Company’s Other Business Operations segment includes United BioSource Corporation (UBC) and its specialty distribution operations.
More news for Express Scripts Holding Company (NASDAQ:ESRX) were recently published by: Finance.Yahoo.com, which released: “Express Scripts Holding Company Announces 2017 Financial Guidance Conference Call” on November 14, 2016. Prnewswire.com‘s article titled: “Express Scripts to Present at the Credit Suisse Healthcare Conference” and published on November 01, 2016 is yet another important article.
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