The stock of Anthem Inc (NYSE:ANTM) is a huge mover today! About 1.50 million shares traded hands. Anthem Inc (NYSE:ANTM) has declined 16.89% since March 15, 2016 and is downtrending. It has underperformed by 22.37% the S&P500.
The move comes after 5 months positive chart setup for the $31.78B company. It was reported on Oct, 18 by Barchart.com. We have $166.89 PT which if reached, will make NYSE:ANTM worth $11.12 billion more.
Analysts await Anthem Inc (NYSE:ANTM) to report earnings on October, 26. They expect $2.64 earnings per share, down 3.30% or $0.09 from last year’s $2.73 per share. ANTM’s profit will be $678.69 million for 11.71 P/E if the $2.64 EPS becomes a reality. After $3.33 actual earnings per share reported by Anthem Inc for the previous quarter, Wall Street now forecasts -20.72% negative EPS growth.
Anthem Inc (NYSE:ANTM) Ratings Coverage
Out of 14 analysts covering Anthem Inc (NYSE:ANTM), 6 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 43% are positive. Anthem Inc has been the topic of 22 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Oppenheimer maintained the shares of ANTM in a report on Thursday, October 29 with “Outperform” rating. The firm has “Hold” rating given on Tuesday, September 13 by Jefferies. The stock of Anthem Inc (NYSE:ANTM) earned “Outperform” rating by Oppenheimer on Thursday, July 30. The rating was downgraded by Sterne Agee CRT on Tuesday, May 24 to “Neutral”. Evercore initiated Anthem Inc (NYSE:ANTM) rating on Friday, September 23. Evercore has “Hold” rating and $133 price target. The company was maintained on Thursday, October 29 by RBC Capital Markets. The firm earned “Outperform” rating on Monday, April 4 by Leerink Swann. The firm has “Overweight” rating by JP Morgan given on Wednesday, September 16. Sterne Agee CRT upgraded the stock to “Buy” rating in Monday, July 27 report. The rating was maintained by FBR Capital on Thursday, October 29 with “Mkt Perform”.
According to Zacks Investment Research, “Anthem Inc. is a health care company. The company provides medical products, through its subsidiaries. It operates through Commercial, Consumer and Other segments. The Company offers managed care plans to the large and small employer, individual, Medicaid and senior markets. Anthem, Inc., formerly known as WellPoint, Inc., is headquartered in Indianapolis, Indiana.”
More news for Anthem Inc (NYSE:ANTM) were recently published by: Businesswire.com, which released: “Anthem Medicare Plans Score Significant Increases in 2017 Medicare Star …” on October 13, 2016. Nasdaq.com‘s article titled: “Anthem, Inc. (ANTX) Ex-Dividend Date Scheduled for October 12, 2016” and published on October 11, 2016 is yet another important article.
ANTM Company Profile
Anthem, Inc., incorporated on July 17, 2001, is a health benefit company. The Firm offers a range of network managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Firm has three divisions: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business divisions offer managed care products, including preferred well-known provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), 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, well-known provider network access, medical cost management, disease management, wellness programs and other administrative services. The Firm provides an array of specialty and other insurance services and products, such as dental, vision, life and disability insurance benefits, radiology benefit management and analytics-driven personal healthcare. The Firm also provides services to the federal government in connection with the Federal Employee Program (FEP).
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