NEW YORK ( TheStreet) - Express Scripts ( ESRX) and Urban Outfitters ( URBN) were among the best-performing stocks in the S&P 500 on Tuesday. The S&P 500 dropped 5.73 points, or 0.4%, to close at 1413.
Shares of Express Scripts increased 2.38% to $57.67. Bloomberg reported Tuesday that a hearing will be held on April 10 regarding a private antitrust lawsuit seeking to stop the company's combination with Medco Health Solutions ( MHS), a deal which was approval by the Federal Trade Commission on Monday. Express Scripts' shares trade at an estimated price-to-earnings ratio for next year of 13.27X; the average for health care providers is 15.63X. For comparison, both WellPoint ( WLP) and Aetna ( AET) have lower forward P/Es of 8.55X and 8.84X. Twenty-four of the 27 analysts who cover Express Scripts rate it at buy; three analysts give the stock a hold rating. TheStreet Ratings gives Express Scripts a B grade with a buy rating and $61.40 price target. The stock has risen 29.04% year to date.