Anthem Inc (ANTM) Receives a Buy from Barclays

By Ryan Adsit

In a report issued on January 4, Steven Valiquette from Barclays maintained a Buy rating on Anthem Inc (ANTMResearch Report), with a price target of $282. The company’s shares closed on Friday at $249.91.

According to TipRanks.com, Valiquette is a 4-star analyst with an average return of 4.1% and a 48.2% success rate. Valiquette covers the Services sector, focusing on stocks such as AmerisourceBergen Corporation, Patterson Companies Inc, and WellCare Health Plans.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Anthem Inc with a $319.33 average price target, a 27.8% upside from current levels. In a report issued on January 3, Evercore ISI also upgraded the stock to Buy.

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The company has a one-year high of $300.57 and a one-year low of $215.52. Currently, Anthem Inc has an average volume of 1.56M.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock.

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Anthem, Inc. provides life, hospital and medical insurance plans. It offers a broad spectrum of network-based managed care health benefit plans to the large and small employer, individual, Medicaid, and Medicare markets. The company operates through two segments: Commercial & Specialty Business, Government Business and Other.