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Stocks Under Review: Express Scripts Holding Company (ESRX) New York Community Bancorp Inc. (NYCB) Rite Aid Corporation (RAD)

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Express Scripts Holding Company (ESRX) continued its downward trend with the stock declining -0.66% or $-0.48 to close the day at $72.22 on light trading volume of 3.56M shares, compared to its three month average trading volume of 3.66M. The St. Louis Missouri 63121 based company has been underperforming the health care plans group over the past 52 weeks, with the stock losing -13.5%, compared to the industry which has advanced 0.87% over the same period. With RSI of 34.2, the stock should still continue to rise and get closer to its one year target estimate of $82.09, making it a hold for now.

Express Scripts Holding Company operates as a pharmacy benefit management (PBM) company in the United States, Canada, and Europe. The company operates through two segments, PBM and Other Business Operations. The company’s PBM segment’s products and services include clinical solutions to enhance health outcomes; specialized pharmacy care; home delivery pharmacy; specialty pharmacy, including the distribution of fertility pharmaceuticals that require special handling or packaging; and retail network pharmacy administration. It also provides benefit design consultation; drug utilization review; drug formulary management; an array of Medicare, Medicaid, and health insurance marketplace; administration of a group purchasing organization; and consumer health and drug information services. In addition, the company distributes specialty pharmaceuticals and medical supplies to providers, clinics, and hospitals; and offers consulting services, including design, implementation, and project management for pharmaceutical, biotechnology, and device manufacturers to collect scientific evidence to guide the use of medicines. It serves managed care organizations, health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans, government health programs, providers, clinics, hospitals, and others. As of December 31, 2015, the company operated four automated dispensing home delivery pharmacies; one non-automated dispensing home delivery pharmacy; and one non-dispensing home delivery pharmacy maintained for business continuity purpose, as well as several non-dispensing order processing centers, patient contact centers, specialty drug pharmacies, and fertility pharmacies. The company was formerly known as Aristotle Holding, Inc. and changed its name to Express Scripts Holding Company in April 2012. Express Scripts Holding Company was founded in 1986 and is headquartered in St. Louis, Missouri.

New York Community Bancorp Inc. (NYCB) retreated with the stock falling -0.2% or $-0.03 to close at $15.08 on light trading volume of 3.55M compared its three months average trading volume of 4.29M. The Westbury New York 11590 based company operating under the Savings & Loans industry has been trending down for the last 52 weeks, with the shares price now -8.15% down for the period and down by -4.35% so far this year. With price target of $15.7 and a 9.01% rebound from 52-week low, New York Community Bancorp Inc. has plenty of upside potential, making it a hold with a view buy.

New York Community Bancorp, Inc. operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts. Its loan portfolio comprises one-to-four family loans; multi-family loans; commercial real estate loans; acquisition, development, and construction loans; commercial and industrial loans; home equity lines of credit; and consumer loans. The company also provides installment loans, revolving lines of credit, and insurance products, as well as cash management, online and phone banking, and ATM services. It serves small and mid-size businesses, professional associations, and government agencies, as well as consumers. The company serves its customers through a network of 227 Community Bank branches, 30 Commercial Bank branches, and 273 ATM locations. The company was formerly known as Queens County Bancorp, Inc. and changed its name to New York Community Bancorp, Inc. in November 2000. New York Community Bancorp, Inc. was founded in 1859 and is based in Westbury, New York.

Rite Aid Corporation (RAD) continued its upward trend with the stock climbing 0.13% or $0.01 to close the day at $7.54 on higher than average trading volume of 3.54M shares, compared to its three month average trading volume of 16.6M. The Camp Hill Pennsylvania 17011 based company has been outperforming the drug stores companies by -2.361% for last three months and its recent losses have pulled the stock down -3.83% YTD, versus the drug stores industry which is down -3.59% for the same period. The RSI of 55.55 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy Segment sells prescription drugs; and a range of other merchandises, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products. It also operates retail clinics that provide treatment for common conditions; and a range of preventive services, including screenings, medical tests, immunizations, and basic physical exams. In addition, this segment provides health coaching, shared decision making tools, and health care analytics, including health coaching for medical decisions, chronic conditions, and wellness; population analytic solutions; and consulting services. The Pharmacy Services Segment provides pharmacy benefit management (PBM) services and a range of pharmacy-related services. It also offers integrated mail-order and specialty pharmacy services; and performs prescription adjudication services for other PBMs. Rite Aid Corporation has a strategic alliance with GNC. As of February 27, 2016, the company operated approximately 4,561 stores in 31 states of the United States and in the District of Columbia. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.

 

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