Cigna to buy Express Scripts for $52 billion
- Author: Darren Santiago Mar 16, 2018,
Mar 16, 2018, 0:45
It operates through two divisions, Specialty Alloys Operations and Performance Engineered Products. It has a 20.15 P/E ratio. Bankshares Of Ny Mellon accumulated 0.13% or 7.62M shares. The includes covering $15 billion in debt that ESRX now holds. Therefore 46% are positive. As per Monday, October 5, the company rating was maintained by Leerink Swann. The firm has "Underperform" rating given on Thursday, February 1 by Bernstein. The rating was downgraded by Bernstein on Tuesday, January 30 to "Sell".
Express Scripts Holding Company (NASDAQ:ESRX) closed its last session at $73.42. The firm has "Hold" rating by Needham given on Monday, October 2. Four members of the Express Scripts board will join the combined company's board of directors. Its up 0.07, from 0.62 in 2017Q2. During the same quarter in the previous year, the business earned $1.88 EPS. equities research analysts expect that Express Scripts will post 9.35 earnings per share for the current year. 72 funds opened positions while 224 raised stakes. Noting its average daily volume at 16.86 million shares each day over the month, this signifies a pretty significant change over the norm.
Cigna Corporation and Express Scripts Holding Co are planning to see several strategic benefits from the merger. 6,512 are owned by Live Your Vision Lc.
On 10/31/2017 Timothy C Wentworth, CEO, bought 8,000 with an average share price of $61.13 per share and the total transaction amounting to $489,040.00. Since the beginning of the year, Express Scripts stock is down 1.6 per cent, while Cigna is down 4.4 per cent. The stock trades on a P/S of 0.65, which suggests that the shares are attractive compared with peers.
Express Scripts is the largest remaining independent drug middleman. 10,069 were accumulated by National Bank Of Stockton. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.55 and a current ratio of 0.67. Valley Natl Advisers Inc has 551 shares for 0.01% of their portfolio. Needham Mngmt Ltd Liability Company holds 3.45% or 214,900 shares.
David Cordani, chief executive officer of Cigna, told investor analysts on a conference call that the deal with Express Scripts combines the pharmacy company's experience negotiating lower drug costs with Cigna's relationships with doctors. The company has market cap of $45.60 billion.
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Cigna Corp. agreed to buy Express Scripts Holding Co.in a roughly $67 billion deal that continues the rapid transformation of the health-care business as companies and consumers chafe at rising costs.
Express Scripts (NASDAQ:ESRX) has been given a $96.00 price target by equities researchers at Mizuho in a research report issued to clients and investors on Thursday.
Ratings analysis reveals 0 of Carpenter Tech's analysts are positive. The lowest target is $35.0 while the high is $38.0. If the $88.91 price target is reached, the company will be worth $3.73B more. The brokerage presently has a "hold" rating on the stock. The 1-year high was reported on Mar, 8 by Barchart.com. It has outperformed by 2.67% the S&P500. OptumRx, a division of UnitedHealth Group Inc. Ledyard Financial Bank owns 663 shares. Van ECK Associates Corp now owns 506,511 shares of the company's stock valued at $32,072,000 after acquiring an additional 24,728 shares in the last quarter. Investment Advisors Lp has 0.81% invested in the company for 712,190 shares.
That brings the total fees from healthcare deals in 2018 - which include Sanofi's $11.6 billion buyout of Bioverativ and Celgene's $9 billion acquisition of Juno Therapeutics - to as much as $500 million, assuming the deals close, according to Nassof.
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