BMO Capital Believes Anthem Inc (NYSE: ANTM) Won’t Stop Here

By Ryan Adsit

BMO Capital analyst Matthew Borsch maintained a Buy rating on Anthem Inc (NYSE: ANTM) today and set a price target of $310. The company’s shares opened today at $278.57, close to its 52-week high of $283.06.

Borsch has an average return of 11.4% when recommending Anthem Inc.

According to TipRanks.com, Borsch is ranked #2020 out of 4895 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Anthem Inc with a $314.33 average price target, which is a 12.8% upside from current levels. In a report issued on October 25, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $275 price target.

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Anthem Inc’s market cap is currently $71.68B and has a P/E ratio of 16.76. The company has a Price to Book ratio of 2.50.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.