Anthem (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 (ANTM) : The highest short term price target forecast on Anthem (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.
Anthem (NYSE:ANTM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $130.27 and $129.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $132.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $132.12, notching a gain of 0.98% for the day. The total traded volume was 1,707,065 . The stock had closed at $130.84 on the previous day.
Also, Bernstein initiates coverage on Anthem (NYSE:ANTM). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on June 16, 2016. The company shares have dropped -17.91% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $161.98 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $131.50 and the 200 Day Moving Average price is recorded at $135.51.
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.