Truist Financial Reaffirms Their Buy Rating on Elevance Health (ELV)
In a report released yesterday, David S Macdonald from Truist Financial reiterated a Buy rating on Elevance Health. The company’s shares closed yesterday at $322.92.
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According to TipRanks, S Macdonald is a 5-star analyst with an average return of 11.8% and a 59.48% success rate. S Macdonald covers the Healthcare sector, focusing on stocks such as Radnet, PACS Group Inc, and Centene.
Currently, the analyst consensus on Elevance Health is a Strong Buy with an average price target of $396.36, implying a 22.74% upside from current levels. In a report released yesterday, Bernstein also maintained a Buy rating on the stock with a $431.00 price target.
Based on Elevance Health’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $50.71 billion and a net profit of $1.19 billion. In comparison, last year the company earned a revenue of $45.15 billion and had a net profit of $1.02 billion
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