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Stock Update (NASDAQ:ESRX): Harwood Feffer LLP Announces Investigation of Express Scripts Holding Company

[PR Newswire] – NEW YORK, May 6, 2016 /PRNewswire/ — Harwood Feffer LLP ( www.hfesq.com ) is investigating potential claims against the board of directors of Express Scripts Holding Company (“Express Scripts” … Read more on this. Express Scripts Holding Company (ESRX) , with a current market cap of $46.26B, started trading this morning at $72.51. During the trading session, ESRX traded between $72.14 to $73.43 with a trailing 52-week range being $65.55 to $94.61. ESRX shares are currently priced at 11.47x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.47x earnings multiple for the same period. According to a consensus of 19 analysts, the earnings estimate of $1.58 per share would be $0.14 better than the year-ago quarter and a $0.04 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $6.36, which would be a $0.83 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $25.38 Billion. If reported, that would be a 0.28% decrease over the year-ago quarter. More recently, Credit Suisse Initiated ESRX at Outperform (Mar 16, 2016). Previously, Mizuho downgraded ESRX from Buy to Neutral. The average price target for ESRX shares by the analysts covering the stock is $80.81, which is 11.45% above where the stock opened this morning. See more in (NASDAQ:ESRX) Similar Articles: Market Update: Express Scripts Holding Company (NASDAQ:ESRX) – Express Scripts Holding Company to Present at an Upcoming Conference Market Update (NASDAQ:ESRX): Express Scripts Holding Company Announces First Quarter Earnings Conference Call Market Update: Express Scripts Holding Company (NASDAQ:ESRX) – Express Scripts Announces a Tender Offer for Any and All of the Outstanding 3.125% Senior Notes due 2016
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