Why Anthem, Inc. (NYSE:ANTM) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $165.76 on Anthem, Inc. (NYSE:ANTM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $10.90 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Anthem, Inc. (NYSE:ANTM) stands at 15.19. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Anthem, Inc. Common Stock, the PEG ratio for coming 3-5 years is 1.10. Technical Analysis The technical analysis highlights that Anthem, Inc. Common Stock current price is trading $-1.01 points away -0.77% from $132.35, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $135.08 and, for now, the stock price is trading $-3.74 or -2.77% away from that point. The 52-week high of Anthem, Inc. (NYSE:ANTM) was $155.95 while lowest point recorded in 52-week was $115.63. It implies if stock price makes a movement of over $-24.61, it will record a new 52-week high. In the case of $+13.59% points drop, it will touch a new 52-week low.

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