How Will Anthem Inc (NYSE:ANTM) Stock React To New Rating Coverage byGoldman Sachs?

April 23, 2018 - By Vivian Currie

Anthem, Inc. (NYSE:ANTM) Logo

Why Has Goldman Sachs Given Anthem Inc (NYSE:ANTM) a $243.0 Price Target

Analysts at Goldman Sachs has started coverage on shares of Anthem Inc (NYSE:ANTM) in analysts report revealed on 3 January. The firm set Hold rating on the $58.20B market cap company.

Anthem, Inc. (NYSE:ANTM) Ratings Coverage

Among 14 analysts covering Anthem Inc (NYSE:ANTM), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. Anthem Inc has $335.0 highest and $215 lowest target. $271.29’s average target is 19.25% above currents $227.49 stock price. Anthem Inc had 22 analyst reports since October 25, 2017 according to SRatingsIntel. The company was maintained on Thursday, February 1 by Wells Fargo. Leerink Swann maintained Anthem, Inc. (NYSE:ANTM) rating on Tuesday, November 7. Leerink Swann has “Outperform” rating and $300 target. Goldman Sachs initiated Anthem, Inc. (NYSE:ANTM) rating on Wednesday, January 3. Goldman Sachs has “Hold” rating and $243.0 target. The company was maintained on Thursday, October 26 by Morgan Stanley. The stock has “Buy” rating by Cantor Fitzgerald on Wednesday, October 25. The firm has “Buy” rating given on Friday, March 9 by Leerink Swann. RBC Capital Markets maintained Anthem, Inc. (NYSE:ANTM) rating on Thursday, February 1. RBC Capital Markets has “Buy” rating and $285.0 target. The rating was maintained by Morgan Stanley on Thursday, February 1 with “Equal-Weight”. As per Wednesday, January 31, the company rating was maintained by Cowen & Co. On Thursday, January 25 the stock rating was maintained by Bernstein with “Buy”.

The stock increased 0.63% or $1.42 during the last trading session, reaching $227.49. About 508,585 shares traded. Anthem, Inc. (NYSE:ANTM) has risen 35.30% since April 23, 2017 and is uptrending. It has outperformed by 23.75% the S&P500.

Analysts await Anthem, Inc. (NYSE:ANTM) to report earnings on April, 25 before the open. They expect $4.93 EPS, up 5.34 % or $0.25 from last year’s $4.68 per share. ANTM’s profit will be $1.26 billion for 11.54 P/E if the $4.93 EPS becomes a reality. After $1.29 actual EPS reported by Anthem, Inc. for the previous quarter, Wall Street now forecasts 282.17 % EPS growth.

Anthem, Inc., through its subsidiaries, operates as a health benefits firm in the United States. The company has market cap of $58.20 billion. It operates through three divisions: Commercial and Specialty Business, Government Business, and Other. It has a 15.85 P/E ratio. The firm offers a spectrum of network managed care health benefit plans to large and small employer, individual, Medicaid, and Medicare markets.

Anthem, Inc. (NYSE:ANTM) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.