Express Scripts expects to lose biggest customer after 2019

A sign at the office building of health insurer Anthem is seen in Los Angeles California

In other news, SVP Everett Neville sold 2,352 shares of the company's stock in a transaction dated Wednesday, March 1st. They should not be utilized to make stock portfolio or financial decisions as they are based on limited and open source information only. The median target of analyst views collected by Yahoo Finance was as much as $14.54 below ESRX's recent stock price. When Anthem would leave after 2019, Express Scripts will lose more than 20 million members, leaving it with about 65 million.

Express Scripts, which is the No. 1 pharmacy benefit manager (PBM) in the United States, has been preparing for the loss of the contract or its renewal on less favorable terms, since the lawsuit began. Finally, Zacks Investment Research lowered Express Scripts Holding Company from a "buy" rating to a "hold" rating in a report on Thursday, February 16th. Over the same time span, the stock marked US$80.02 as its best level and the lowest price reached was US$63.22.

Without Anthem, Express Scripts will cover about 65 million people and process about 1 billion prescriptions a year, the company said.

Shares outstanding are recorded as 594.14 M and total shares floated are 593.09 M. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 0.80. Following the completion of the sale, the senior vice president now directly owns 11,287 shares of the company's stock, valued at approximately $791,895.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Analysts mean target price for The Goodyear Tire & Rubber Company (NASDAQ:GT) is $37.63 while their mean recommendation is 2.10 (1=Buy, 5=sell). During the same quarter a year ago, the firm posted $1.22 EPS. On the other side, analysts now consider Express Scripts Holding Company a neutral, and a technical analysis of the stock is setting somewhat neutral outlook for now.

Graphic Packaging Holding Company (NYSE:GPK) is worth US$4.18 Billion and has recently risen 0.3% to US$13.58. 7,473,133 shares of the company traded hands. The company has a 50 day moving average price of $66.23 and a 200 day moving average price of $69.86.

In April 2016, Express Scripts Holding Co. sued Anthem for the deterioration of their drug pricing agreement. Sanford C. Bernstein restated an "underperform" rating and set a $59.00 target price on shares of Express Scripts Holding Company in a report on Thursday, December 1st.

It reported revenue of $24.65 billion.

If Anthem goes to a lower-cost, smaller firm, such as Prime Therapeutics, then it will be seen as a signal that Express Scripts is too costly and that its margins may be unsustainable, already a worry in the current drug-pricing environment.

"While the headline that Anthem is leaving Express Scripts is in of itself not surprising, the timing is highly unexpected", Evercore ISI analyst Ross Muken said in a client note.

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