Allscripts Healthcare Solutions Inc. Sets New 1-Year High at $16.98 (MDRX)
Allscripts Healthcare Solutions (NASDAQ:MDRX) set a new 52-week high on Wednesday, American Banking News.com reports. The company traded as high as $16.98 and last traded at $16.70, with a volume of 3,761,161 shares. The stock had previously closed at $15.52.
A number of research firms have recently commented on MDRX. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Allscripts Healthcare Solutions in a research note to investors on Wednesday. They now have a $20.00 price target on the stock, up previously from $17.00. Separately, analysts at B. Riley downgraded shares of Allscripts Healthcare Solutions from a “neutral” rating to a “sell” rating in a research note to investors on Monday, January 6th. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Allscripts Healthcare Solutions in a research note to investors on Monday, December 9th. They set an “overweight” rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $17.16.
Allscripts Healthcare Solutions has a 1-year low of $10.01 and a 1-year high of $16.43. The stock has a 50-day moving average of $15.11 and a 200-day moving average of $14.92. The company’s market cap is $2.999 billion.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last released its earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.03. The company had revenue of $334.00 million for the quarter, compared to the consensus estimate of $355.30 million. During the same quarter last year, the company posted $0.23 earnings per share. Allscripts Healthcare Solutions’s revenue was down 7.5% compared to the same quarter last year. Analysts expect that Allscripts Healthcare Solutions will post $0.27 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.
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