Credit Suisse (SIX:CSGN) analyst A.J. Rice maintained a Buy rating on Anthem Inc on Monday, setting a price target of $355, which is approximately 39.08% above the present share price of $255.25.
Rice expects Anthem Inc to post earnings per share (EPS) of $9.02 for the third quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Anthem, with an average price target of $331.38.
The analysts price targets range from a high of $355 to a low of $281.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $29.26 billion and a net profit of $0. The company’s market cap is $64.2 billion.
According to TipRanks.com, Credit Suisse analyst A.J. Rice is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.5% and a 54.07% success rate.
Anthem is one of the largest private health insurance organizations nationwide, providing medical benefits to roughly 40 million medical members. The company offers employer, individual, and government-sponsored coverage plans. Anthem differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states.