A number of stock research firms have changed their ratings and price targets for Express Scripts (NASDAQ: ESRX) during the last seven days:
- Express Scripts had its price target raised by analysts at ISI Group from $57.50 to $58.50. They now have a “neutral” rating on the stock.
- Express Scripts had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a $61.00 price target on the stock.
- Express Scripts had its price target raised by analysts at Mizuho from $60.00 to $63.00. They now have a “buy” rating on the stock.
- Express Scripts was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating.
- Express Scripts ‘s EPS estimates were raised by analysts at Lazard Capital Markets. They now have a “buy” rating and a $65.00 price target on the stock.
- Express Scripts had its “outperform” rating reaffirmed by analysts at Oppenheimer. They now have a $62.00 price target on the stock, up previously from $60.00. They wrote, “After opening up ~7%, ESRX gave back much of its gains, despite what we considered a fairly benign call. We believe the market is focused on increased competition and ensuing pricing pressure. While we harbor the same concerns, we believe the competitive landscape is less threatening with UNH and CTRX than when MHS was pricing to fill its mail facilities. In terms of 2014, we expect CTRX to pick off a few clients but do not see a major shift in share. We also believe the company’s strong cash flow will support double digit EPS growth. We reiterate our Outperform rating and increase our PT to $62 from $60.”
Express Scripts opened at 55.12 on Wednesday. Express Scripts has a 1-year low of $49.79 and a 1-year high of $66.06. The stock’s 50-day moving average is currently $54.90. The company has a market cap of $45.116 billion and a price-to-earnings ratio of 31.44.
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.
