Anthem (NASDAQ:ANTX) Upgraded at Leerink Partners

Anthem (NASDAQ:ANTX) was upgraded by equities research analysts at Leerink Partners from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a $9.00 target price on the stock. Leerink Partners’ price objective would suggest a potential upside of 108.82% from the company’s current price.

Several other analysts also recently commented on the company. Wall Street Zen raised Anthem from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings initiated coverage on Anthem in a report on Tuesday, April 7th. They issued a “sell (d-)” rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Anthem presently has an average rating of “Hold” and a consensus target price of $9.00.

Anthem Price Performance

Anthem stock opened at $4.31 on Thursday. The firm has a market capitalization of $155.25 million, a price-to-earnings ratio of -3.92 and a beta of -0.95. The company’s 50 day simple moving average is $3.87 and its 200 day simple moving average is $2.10. Anthem has a fifty-two week low of $1.00 and a fifty-two week high of $6.91.

Anthem (NASDAQ:ANTX) last posted its earnings results on Monday, May 11th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.06). As a group, analysts predict that Anthem will post -0.91 EPS for the current fiscal year.

Anthem Company Profile

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; traditional indemnity plans and other hybrid plans, such as consumer-driven health plans; and hospital only and limited benefit products.