Correction: A previous version of this article and headline incorrectly said that Express Scripts is based in Columbus.
Express Scripts announced that its board has approved a share repurchase program on Monday, December 18th that authorizes the company to repurchase 45,000,000 outstanding shares. This showed a surprise of 3.3% in the last quarter earnings. The return on assets ratio shows how well management is employing the company's total assets to make a profit. Express Scripts has $96 highest and $57 lowest target. Bradley Foster & Sargent Ct reported 27,678 shares. 131,308 are owned by Pinebridge Invs Lp. It is positive, as 66 investors sold Express Scripts Holding Company shares while 414 reduced holdings. Ledyard Financial Bank owns 663 shares.
The TTM operating margin for the company stands at 5.5%. The YTD performance of the stock stands at -1.63 Percent.
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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. Corporate insiders own 0.68% of the company's stock. About 28.93M shares traded or 585.03% up from the average.
Express Scripts shares jumped 16 percent Thursday morning following the announcement. It has underperformed by 33.62% the S&P500. BidaskClub lowered Express Scripts from a "buy" rating to a "hold" rating in a research note on Wednesday, February 14th. Therefore 46% are positive. They are also projecting the Low EPS estimate of $1.74 and the High EPS estimate of $1.78. Analyst's mean target price for CI is $237.33 while analysts mean recommendation is 1.90. Express Scripts had 58 analyst reports since July 30, 2015 according to SRatingsIntel. As per Monday, October 5, the company rating was maintained by Leerink Swann. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company's stock. The stock has "Neutral" rating by Bank of America on Tuesday, June 7.
1/30/2018-Sanford C. Bernstein was Downgraded by analysts at Sanford C. Bernstein from a "Market Perform " rating to a " Underperform" rating. Aevitas Wealth Management Inc. bought a new stake in Express Scripts during the 4th quarter valued at $128,000. The stock witnessed 3.51% gains, -10.76% declines and -35.09% declines for the 1-month, 3-month and 6-month period, respectively. The rating was initiated by UBS with "Neutral" on Thursday, October 6.
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"Cigna's acquisition of Express Scripts brings together two complementary customer-centric services companies, well-positioned to drive greater quality and affordability for customers", said David Cordani, president and chief executive officer of Cigna, in a news release.
Health insurer Cigna announced early Thursday that it has agreed to purchase Express Scripts in a $67 billion cash-and-stock deal, including the assumption of about $15 billion in debt.
Headquartered in St. Louis, Express Scripts provides integrated pharmacy benefit management services, including network-pharmacy claims processing, home delivery pharmacy care, specialty pharmacy care, specialty benefit management, benefit-design consultation, drug utilization review, formulary management, and medical and drug data analysis services. The company has market cap of $521.71 million. It operates in two segments: PBM and Emerging Markets (EM). It has a 13.51 P/E ratio.
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