Top Stock to Buy #3 — Express Scripts Holding Company (ESRX)
Express Scripts Holding Company (NASDAQ:ESRX) provides health care management and administration services for HMOs, health insurers, and various compensation plans and systems.
In July, the company ended an extended dispute with Walgreen Co. (NYSE:WAG) over rates and returns. Most analysts now project that both companies will benefit, and several analysts reaffirmed their earnings target of $4.49 for 2013 versus $3.69 this year with a median price target of $70.
ESRX broke from a double-top at just above $58 in July with an impressive breakaway gap. The trading target from the breakout is $68. Investors should buy ESRX as a quality long-term hold in the health care management industry.