Could Express Scripts Holding Company (ESRX) Change Direction After Making 52-Week High?

January 14, 2018 - By Nellie Frank

Investors sentiment increased to 0.62 in Q3 2017. Its up 0.06, from 0.56 in 2017Q2. It is positive, as 66 investors sold Express Scripts Holding Company shares while 414 reduced holdings. 72 funds opened positions while 224 raised stakes. 486.80 million shares or 2.59% less from 499.72 million shares in 2017Q2 were reported.
Westwood Hldg Gp stated it has 85,500 shares. Ent Finance Svcs Corp has 6,106 shares for 0.19% of their portfolio. Kentucky Retirement stated it has 0.17% in Express Scripts Holding Company (NASDAQ:ESRX). The Massachusetts-based Liberty Mutual Asset Management Inc has invested 0.09% in Express Scripts Holding Company (NASDAQ:ESRX). Etrade Mgmt Ltd Co holds 0.09% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX) for 40,493 shares. Brighton Jones Limited Liability Corporation holds 0.07% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX) for 14,494 shares. Bank & Trust Of Nova Scotia reported 1,898 shares. Boston Prns reported 0.07% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). Inv Centers Of America has invested 0.05% in Express Scripts Holding Company (NASDAQ:ESRX). Ar Asset Mgmt invested in 0.61% or 24,460 shares. Oppenheimer Asset holds 652,465 shares. Citigroup Inc has invested 0.03% in Express Scripts Holding Company (NASDAQ:ESRX). State Of New Jersey Common Pension Fund D invested in 0.01% or 50,000 shares. Stevens First Principles Advsr accumulated 0.01% or 238 shares. Covington Cap Management has invested 0% in Express Scripts Holding Company (NASDAQ:ESRX).

The stock of Express Scripts Holding Company (NASDAQ:ESRX) hit a new 52-week high and has $85.72 target or 6.00 % above today’s $80.87 share price. The 9 months bullish chart indicates low risk for the $45.80 billion company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $85.72 price target is reached, the company will be worth $2.75 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.97% or $0.78 during the last trading session, reaching $80.87. About 3.16M shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has declined 16.92% since January 14, 2017 and is downtrending. It has underperformed by 33.62% the S&P500.

Analysts await Express Scripts Holding Company (NASDAQ:ESRX) to report earnings on February, 13. They expect $2.08 EPS, up 10.64 % or $0.20 from last year’s $1.88 per share. ESRX’s profit will be $1.18 billion for 9.72 P/E if the $2.08 EPS becomes a reality. After $1.90 actual EPS reported by Express Scripts Holding Company for the previous quarter, Wall Street now forecasts 9.47 % EPS growth.

Express Scripts Holding Company (NASDAQ:ESRX) Ratings Coverage

Among 24 analysts covering Express Scripts (NASDAQ:ESRX), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Express Scripts has $96 highest and $57 lowest target. $79.53’s average target is -1.66% below currents $80.87 stock price. Express Scripts had 52 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Express Scripts Holding Company (NASDAQ:ESRX) has “Sell” rating given on Friday, December 15 by Raymond James. The company was maintained on Thursday, February 18 by Barclays Capital. The rating was downgraded by Morgan Stanley on Thursday, January 21 to “Equal-Weight”. The company was maintained on Friday, July 7 by Jefferies. The stock of Express Scripts Holding Company (NASDAQ:ESRX) earned “Buy” rating by Mizuho on Wednesday, January 13. Bernstein upgraded the stock to “Market Perform” rating in Wednesday, December 6 report. SunTrust maintained Express Scripts Holding Company (NASDAQ:ESRX) rating on Thursday, December 14. SunTrust has “Buy” rating and $82.0 target. SunTrust maintained it with “Buy” rating and $86.0 target in Wednesday, December 20 report. As per Wednesday, July 26, the company rating was maintained by Maxim Group. On Tuesday, July 18 the stock rating was maintained by Maxim Group with “Buy”.

More important recent Express Scripts Holding Company (NASDAQ:ESRX) news were published by: Gurufocus.com which released: “Hikari Power Ltd Buys BHP Billiton PLC, Allergan PLC, Express Scripts Holding …” on January 12, 2018, also Bizjournals.com published article titled: “Express Scripts approves salary terms for new CFO”, Prnewswire.com published: “Express Scripts Closes Acquisition Of eviCore; Companies Unite To Improve …” on December 15, 2017. More interesting news about Express Scripts Holding Company (NASDAQ:ESRX) was released by: Fool.com and their article: “Why Express Scripts Holding Company Broke Out in December” with publication date: January 07, 2018.

Express Scripts Holding Company operates as a pharmacy benefit management firm in the United States, Canada, and Europe. The company has market cap of $45.80 billion. It operates in two divisions, PBM and Other Business Operations. It has a 13.27 P/E ratio. The PBM segment offers clinical solutions, specialized pharmacy care, home delivery and specialty pharmacy, retail network pharmacy administration, benefit design consultation, drug utilization review, drug formulary management, administration of a group purchasing organization, and consumer health and drug information services.

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