An Estimate Of Target Price: Mondelez International, Inc. (MDLZ), Anthem, Inc. (ANTM) – The RNS Daily

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MDLZ trading volume has lost -2369986 shares compared to readings over the past three months as it recently exchanged 6230014 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 8600000 shares, and this is 0.72 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 58.48 point.

Mondelez International, Inc. (NASDAQ:MDLZ) climbed by 6.49% over the past three months which led to its overall six-month increase to stand at 8.35%. The equity price rose 0.28% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 1.33% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 7.09% and is now up by 17.71% since start of this year.

The shares of Mondelez International, Inc. dropped by -2.77% or -$1.34 from its last recorded high of $48.46 which it attained on February 21 to close at $47.12 per share. Over the past 52 weeks, the shares of Mondelez International, Inc. has been trading as low as $37.42 before witnessing a massive surge by 25.92% or $9.7. This price movement has led to the MDLZ stock receiving more attention and has become one to watch out for. It jumped by 1.16% on Monday and this got the market excited. The stock’s beta now stands at 0.91 and when compared to its 200-day moving average and its 50-day moving average, MDLZ price stands 9.97% above and 5.56% above respectively. Its average daily volatility for this week is 1.01% which is less than the 1.24% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Mondelez International, Inc. (MDLZ) with most of them predicting a $49.67 price target on a short-term (12 months) basis. The average price target by the analysts will see a 5.41% rise in the stock and would lead to MDLZ’s market cap to surge to $72.02B. The stock has been rated an average 2, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 19 analysts that track Mondelez International, Inc. (NASDAQ:MDLZ) and find out that 5 of them rated it as a Hold. 14 of the 14 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Anthem, Inc. (NYSE:ANTM) currently stands at $295.97 after it went up by $0.93 or 0.32% and has found a strong support at $293.37 a share. If the ANTM price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $290.76 mark would also be bad for the stock as it means that the stock would plunge by 1.76% from its current position. However, if the stock price is able to trade above the resistance point around $297.79, then it could likely surge higher to try and break the upward resistance which stands at $299.6 a share. Its average daily volatility over the past one month stands at 2.34%. The stock has plunged by 1.15% from its 52-weeks high of $292.58 which it reached on Feb. 25, 2019. In general, it is 27.18% above its 52-weeks lowest point which stands at $215.52 and this setback was observed on Mar. 23, 2018.

Analysts have predicted a price target for Anthem, Inc. (ANTM) for 1 year and it stands at an average $355.19/share. This means that it would likely increase by 20.01% from its current position. The current price of the stock has been moving between $292.58 and $297. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $314. On the other hand, one analyst is super bullish about the price, setting a target as high as $425.

The ANTM stock Stochastic Oscillator (%D) is at 21.34%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.83 which compares to the 0.88 recorded by the industry or the 8.39 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 13.04, which is lower than the 20.99 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 10.2% over the past five years.

Analysts view Anthem, Inc. (NYSE:ANTM) as a Buy, with 1.8 consensus rating. Reuters surveyed 23 analysts that follow ANTM and found that 4 of those analysts rated the stock as a Hold. The remaining 19 were divided, with 19 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Anthem, Inc. (ANTM) shares or sell it if they already own it.

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