Allscripts Healthcare Solutions Price Target Cut to $17.00 (MDRX)
Robert W. Baird reduced their target price on shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) from $18.00 to $17.00 in a research note issued on Tuesday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 19.89% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus downgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research note to investors on Monday, October 28th. Separately, analysts at Stephens initiated coverage on shares of Allscripts Healthcare Solutions in a research note to investors on Thursday, October 17th. They set an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Allscripts Healthcare Solutions in a research note to investors on Thursday, September 19th. They now have a $15.00 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.50.
Allscripts Healthcare Solutions (NASDAQ:MDRX) traded up 2.53% during mid-day trading on Tuesday, hitting $14.18. The stock had a trading volume of 2,136,218 shares. Allscripts Healthcare Solutions has a one year low of $8.85 and a one year high of $16.43. The stock has a 50-day moving average of $14.67 and a 200-day moving average of $14.39. The company’s market cap is $2.519 billion.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last released its earnings data on Thursday, August 8th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.02. The company had revenue of $344.80 million for the quarter, compared to the consensus estimate of $360.00 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was down 6.8% on a year-over-year basis. Analysts expect that Allscripts Healthcare Solutions will post $0.33 EPS for the current fiscal year.
Allscripts Healthcare Solutions, Inc (NASDAQ:MDRX) is a provider of clinical, financial, connectivity and information solutions and related professional services to hospitals, physicians and post-acute organizations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.