Allscripts Healthcare Solutions PT Raised to $23.00 at Leerink Swann (MDRX)
Equities researchers at Leerink Swann raised their price target on shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) from $18.00 to $23.00 in a research report issued on Friday, Analyst Ratings News reports. Leerink Swann’s price target would indicate a potential upside of 26.37% from the company’s current price.
Allscripts Healthcare Solutions (NASDAQ:MDRX) opened at 18.34 on Friday. Allscripts Healthcare Solutions has a 52 week low of $12.02 and a 52 week high of $18.87. The stock’s 50-day moving average is $16.33 and its 200-day moving average is $15.21. The company’s market cap is $3.268 billion.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its earnings results on Thursday, February 20th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.08. The company had revenue of $351.00 million for the quarter, compared to the consensus estimate of $343.47 million. On average, analysts predict that Allscripts Healthcare Solutions will post $0.44 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Allscripts Healthcare Solutions in a research note on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Allscripts Healthcare Solutions in a research note on Thursday, February 13th. They set an “outperform” rating and a $20.00 price target on the stock. Finally, analysts at Maxim Group upgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. They now have a $20.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.08.
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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