Elevance Health Inc [ELV] stock prices are up 0.26% to $535.92 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ELV shares have gain 0.12% over the last week, with a monthly amount drifted -0.48%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Elevance Health Inc [NYSE: ELV] stock has seen the most recent analyst activity on June 24, 2024, when Morgan Stanley initiated its Overweight rating and assigned the stock a price target of $643. Previously, Robert W. Baird started tracking the stock with Outperform rating on May 30, 2024, and set its price target to $649. On March 06, 2024, Barclays initiated with a Overweight rating and assigned a price target of $584 on the stock. Wolfe Research downgraded its rating to a Peer Perform. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $571 on April 27, 2023. Cantor Fitzgerald started tracking with a Overweight rating for this stock on April 21, 2023, and assigned it a price target of $547. In a note dated March 28, 2023, RBC Capital Mkts upgraded an Outperform rating on this stock and boosted its target price from $523 to $572.
The stock price of Elevance Health Inc [ELV] has been fluctuating between $412.00 and $550.34 over the past year. Currently, Wall Street analysts expect the stock to reach $555.09 within the next 12 months. Elevance Health Inc [NYSE: ELV] shares were valued at $535.92 at the most recent close of the market. An investor can expect a potential return of 3.58% based on the average ELV price forecast.
Analyzing the ELV fundamentals
The Elevance Health Inc [NYSE:ELV] reported sales of 171.75B for trailing twelve months, representing a surge of 0.96%. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.16 and Total Capital is 0.56. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 531.75 points at the first support level, and at 527.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 539.25, and for the 2nd resistance point, it is at 542.57.
Ratios To Look Out For
It’s worth pointing out that Elevance Health Inc [NYSE:ELV]’s Current Ratio is 1.37. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 3.07 and price to earnings (TTM) ratio is 20.25.
Transactions by insiders
Recent insider trading involved Norwood Felicia F, EVP & President,Gov Health Ben, that happened on Apr 24 ’24 when 6199.0 shares were sold. EVP & President,Gov Health Ben, Norwood Felicia F completed a deal on Apr 23 ’24 to sell 14111.0 shares. Meanwhile, EVP & President, Commercial Kendrick Charles Morgan JR sold 2432.0 shares on Mar 08 ’24.
