Allscripts Healthcare Solutions PT Raised to $23.00 (MDRX)
Research analysts at Robert W. Baird raised their price objective on shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) from $20.00 to $23.00 in a report released on Friday, AnalystRatings.NET reports. Robert W. Baird’s price objective suggests a potential upside of 26.37% from the company’s current price.
Shares of 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 earnings per share (EPS) for the quarter, meeting the 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.
MDRX has been the subject of a number of other recent research reports. Analysts at Leerink Swann raised their price target on shares of Allscripts Healthcare Solutions from $18.00 to $23.00 in a research note on Friday. Separately, 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. Finally, 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. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Allscripts Healthcare Solutions currently has an average rating of “Hold” and a consensus target price 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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