Tuesday, September 29, 2020

SVB Leerink lifts Anthem Inc. [ANTM] price estimate. Who else is bullish?

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Anthem Inc. [NYSE: ANTM] traded at a low on 09/15/20, posting a -2.05 loss after which it closed the day’ session at $260.15. The company report on September 3, 2020 that Anthem Names Jeffrey D. Alter Executive Vice President, IngenioRx and Anthem Health Solutions.

Anthem, Inc. (NYSE: ANTM) has named Jeffrey D. Alter Executive Vice President, IngenioRx and Anthem Health Solutions, effective September 8, 2020. Mr. Alter will serve as a member of the company’s Senior Leadership Team and report directly to Gail K. Boudreaux, President and Chief Executive Officer, Anthem.

“Jeff is a respected leader with tremendous depth and breadth of healthcare leadership experience,” said Gail Boudreaux. “Integrating our strong IngenioRx and Health Solutions capabilities under Jeff’s leadership will allow us to advance our focus on delivering affordability, quality and access for those we serve. This is an exciting step for Anthem as we fulfill our mission to improve lives and communities.”.

The results of the trading session contributed to over 1250379 shares changing hands. Over the past one week, the price volatility of Anthem Inc. stands at 3.40% while the volatility over the past one month is 2.74%.

The market cap for ANTM stock reached $66.14 billion, with 252.20 million shares outstanding and 250.21 million shares in the current float. Compared to the average trading volume of 1.18M shares, ANTM reached a trading volume of 1250379 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Anthem Inc. [ANTM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ANTM shares is $338.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ANTM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

SVB Leerink have made an estimate for Anthem Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 01, 2020. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on June 05, 2020, representing the official price target for Anthem Inc. stock. Previously, the target price had yet another raise to $257, while Jefferies analysts kept a Hold rating on ANTM stock.

The Average True Range (ATR) for Anthem Inc. is set at 7.82, with the Price to Sales ratio for ANTM stock in the period of the last 12 months amounting to 0.59. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 23.71. Price to Free Cash Flow for ANTM in the course of the last twelve months was 7.29.

How has ANTM stock performed recently?

Anthem Inc. [ANTM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.64. With this latest performance, ANTM shares dropped by -8.15% in over the last four-week period, additionally plugging by 9.16% over the last 6 months – not to mention a rise of 0.61% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ANTM stock in for the last two-week period is set at 39.90, with the RSI for the last a single of trading hit 36.31, and the three-weeks RSI is set at 42.36 for Anthem Inc. [ANTM]. The present Moving Average for the last 50 days of trading for this stock 271.69, while it was recorded at 262.41 for the last single week of trading, and 272.66 for the last 200 days.

Anthem Inc. [ANTM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Anthem Inc. [ANTM] shares currently have an operating margin of +6.46. Anthem Inc.’s Net Margin is presently recorded at +4.61.

Return on Total Capital for ANTM is now 13.52, given the latest momentum, and Return on Invested Capital for the company is 10.09. Return on Equity for this stock inclined to 15.95, with Return on Assets sitting at 6.38. When it comes to the capital structure of this company, Anthem Inc. [ANTM] has a Total Debt to Total Equity ratio set at 63.30. Additionally, ANTM Total Debt to Total Capital is recorded at 38.76, with Total Debt to Total Assets ending up at 25.67. Long-Term Debt to Equity for the company is recorded at 56.06, with the Long-Term Debt to Total Capital now at 34.33.

Reflecting on the efficiency of the workforce at the company, Anthem Inc. [ANTM] managed to generate an average of $68,088 per employee.

Earnings analysis for Anthem Inc. [ANTM]

With the latest financial reports released by the company, Anthem Inc. posted 4.87/share EPS, while the average EPS was predicted by analysts to be reported at 4.82/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ANTM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Anthem Inc. go to 14.52%.

Insider trade positions for Anthem Inc. [ANTM]

There are presently around $58,830 million, or 92.20% of ANTM stock, in the hands of institutional investors. The top three institutional holders of ANTM stocks are: BLACKROCK INC. with ownership of 22,748,357, which is approximately 1.745% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 19,651,252 shares of the stock with an approximate value of $5.11 billion in ANTM stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $3.7 billion in ANTM stock with ownership of nearly 4.606% of the company’s market capitalization.

Positions in Anthem Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 529 institutional holders increased their position in Anthem Inc. [NYSE:ANTM] by around 14,502,909 shares. Additionally, 479 investors decreased positions by around 11,946,755 shares, while 180 investors held positions by with 199,690,095 shares. The mentioned changes placed institutional holdings at 226,139,759 shares, according to the latest SEC report filing. ANTM stock had 133 new institutional investments in for a total of 1,927,629 shares, while 79 institutional investors sold positions of 3,941,560 shares during the same period.

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