Express Scripts Holding Company (ESRX) is Downgraded by Morgan Stanley to Underweight

Express Scripts Holding Company (ESRX) was Downgraded by Morgan Stanley to ” Underweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Jun 20, 2016.

Many Wall Street Analysts have commented on Express Scripts Holding Company. Express Scripts Holding Company was Initiated by Bernstein to “Underperform” on Jun 16, 2016. Express Scripts Holding Company was Resumed by BofA/Merrill to “Neutral” on Jun 7, 2016. Shares were Reiterated by FBR Capital on Apr 27, 2016 to “Mkt Perform” and Lowered the Price Target to $ 75 from a previous price target of $90 .

On the company’s financial health, Express Scripts Holding Company reported $1.22 EPS for the quarter, based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus estimate of $1.22. The company had revenue of $24792.00 million for the quarter, compared to analysts expectations of $25135.07 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.10 EPS.

Express Scripts Holding Company closed down -0.16 points or -0.21% at $74.58 with 70,41,385 shares getting traded on Friday. Post opening the session at $74.82, the shares hit an intraday low of $73.99 and an intraday high of $75.24 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 11, 2016, Everett Neville (Senior VP, Supply Chain) sold 800 shares at $74.11 per share price. According to the SEC, on May 3, 2016, Mahon Thomas P Mac (director) sold 5,482 shares at $73.93 per share price. On Mar 11, 2016, Christopher A Mcginnis (VP, Controller & Ch. Acct. Off) sold 579 shares at $68.56 per share price, according to the Form-4 filing with the securities and exchange commission.

Express Scripts Holding Company

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