Report
Vishnu Lekraj
EUR 147.86 For Business Accounts Only

Express Scripts' 2017 Guidance Points to Positive Outlook Despite Recent Negative Sentiment

Express Scripts issued 2017 guidance in line with our expectations, and we are reiterating our $100 fair value estimate and wide moat rating for the firm. All major metrics, including client retention, claims growth, and EBITDA per claim, are expected to be higher. We believe this outlook reflects the positive direction and robust path ahead for the firm. We would highlight the approximate 98% client retention rate as a key positive indicator for Express. We believe this metric provides evidence...
Underlying
Express Scripts Holding Company

Express Scripts Holding is a pharmacy benefit management (PBM) company. The company has two reportable segments: PBM, which consists of clinical solutions, Express Scripts SafeGuardRx

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Vishnu Lekraj

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