Anthem (NYSE:ANTM) has an average broker rating of 1.93, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Anthem (NYSE:ANTM) : The highest short term price target forecast on Anthem (NYSE:ANTM) is $197 and the lowest target price is $150. A total of 13 equity analysts are currently covering the company. The average price of all the analysts is $171.08 with a standard deviation of $13.67.
For the current week, the company shares have a recommendation consensus of Buy. Also, Bernstein initiates coverage on Anthem (NYSE:ANTM).The analysts at the brokerage house have a current rating of Outperform on the shares. The rating by the firm was issued on June 16, 2016.
Anthem (NYSE:ANTM): stock turned positive on Tuesday. Though the stock opened at $126.21, the bulls momentum made the stock top out at $128.08 level for the day. The stock recorded a low of $125.4 and closed the trading day at $127.05, in the green by 1.76%. The total traded volume for the day was 2,646,843. The stock had closed at $124.85 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & Chief Administrative Off) of Anthem, Inc., Mccarthy Gloria M had sold 4,786 shares worth of $630,268 in a transaction dated June 1, 2016. In this transaction, 4,786 shares were sold at $131.69 per share.
Anthem, Inc. is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations (PPOs), health maintenance organizations (HMOs), point-of-service (POS), plans, traditional indemnity plans and other hybrid plans, including consumer-driven health plans (CDHPs), and hospital only and limited benefit products. In addition, the Company also provides an array of managed care services to self-funded customers, including claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs and other administrative services. The Company provides an array of specialty and other insurance products and services, such as dental, vision, life and disability insurance benefits, radiology benefit management and analytics-driven personal health care.