Anthem’s (ANTM) Buy Rating Reaffirmed at Cantor Fitzgerald
Anthem, Inc. (NYSE:ANTM)‘s stock had its “buy” rating restated by research analysts at Cantor Fitzgerald in a note issued to investors on Wednesday. They presently have a $210.00 target price on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 10.19% from the company’s previous close.
The analysts wrote, “This morning, Anthem reported 2Q17 results. Revenue was essentially in line with expectations while adjusted EPS of $3.37 compares to our estimate of $2.90 and FactSet consensus of $3.24.””
Other equities analysts also recently issued research reports about the company. Deutsche Bank AG upped their target price on Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, July 13th. Jefferies Group LLC upped their target price on Anthem from $172.00 to $177.00 and gave the company a “hold” rating in a report on Thursday, March 30th. BidaskClub downgraded Anthem from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Bank of America Corporation upped their target price on Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a report on Friday, July 14th. Finally, Credit Suisse Group began coverage on Anthem in a report on Wednesday, July 12th. They issued a “neutral” rating and a $195.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $178.16.
Anthem (ANTM) traded down 2.93% during midday trading on Wednesday, reaching $184.99. 2,599,664 shares of the company were exchanged. Anthem has a 52-week low of $114.85 and a 52-week high of $194.94. The stock has a market capitalization of $49.02 billion, a price-to-earnings ratio of 17.93 and a beta of 0.73. The firm’s 50-day moving average price is $189.93 and its 200 day moving average price is $172.42.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.25 billion. Anthem had a return on equity of 13.13% and a net margin of 3.19%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.33 EPS. Equities analysts predict that Anthem will post $11.78 earnings per share for the current year.
In other Anthem news, Director Ramiro G. Peru sold 2,681 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total transaction of $486,815.98. Following the transaction, the director now owns 13,571 shares in the company, valued at $2,464,222.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julie A. Hill sold 555 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total value of $100,210.80. Following the transaction, the director now owns 37,448 shares in the company, valued at approximately $6,761,610.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,103 shares of company stock worth $749,555. Corporate insiders own 0.36% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC increased its position in shares of Anthem by 0.3% in the third quarter. Advisory Services Network LLC now owns 2,208 shares of the company’s stock valued at $277,000 after buying an additional 6 shares during the period. Guardian Life Insurance Co. of America increased its position in shares of Anthem by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock valued at $168,000 after buying an additional 7 shares during the period. Savant Capital LLC increased its position in shares of Anthem by 0.3% in the third quarter. Savant Capital LLC now owns 3,952 shares of the company’s stock valued at $495,000 after buying an additional 10 shares during the period. Alpha Windward LLC boosted its stake in Anthem by 0.7% in the third quarter. Alpha Windward LLC now owns 1,661 shares of the company’s stock valued at $208,000 after buying an additional 11 shares in the last quarter. Finally, Sii Investments Inc. WI boosted its stake in Anthem by 0.4% in the first quarter. Sii Investments Inc. WI now owns 2,713 shares of the company’s stock valued at $444,000 after buying an additional 12 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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