Allscripts Healthcare Solutions Now Covered by Raymond James (MDRX)
Stock analysts at Raymond James assumed coverage on shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) in a report issued on Tuesday, Stock Ratings News reports. The firm set an “outperform” rating and a $19.00 price target on the stock. Raymond James’ target price would suggest a potential upside of 14.67% from the stock’s previous close.
Allscripts Healthcare Solutions (NASDAQ:MDRX) opened at 16.57 on Tuesday. Allscripts Healthcare Solutions has a 52 week low of $12.36 and a 52 week high of $19.68. The stock’s 50-day moving average is $18.19 and its 200-day moving average is $16.04. The company’s market cap is $2.967 billion.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last issued its quarterly earnings data 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 $0.41 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust initiated coverage on shares of Allscripts Healthcare Solutions in a research note on Friday, March 14th. They set a “buy” rating and a $22.50 price target on the stock. Separately, analysts at Barclays initiated coverage on shares of Allscripts Healthcare Solutions in a research note on Wednesday, March 5th. They set an “equal weight” rating and a $20.00 price target on the stock. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of Allscripts Healthcare Solutions in a research note on Tuesday, February 25th. They now have a $19.00 price target on the stock, up previously from $14.50. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $18.71.
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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