Allscripts Healthcare Solutions Given Average Rating of “Hold” by Analysts (NASDAQ:MDRX)
Shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) have earned a consensus recommendation of “Hold” from the twenty-five analysts that are presently covering the company, American Banking and Market News reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $18.20.
MDRX has been the subject of a number of recent research reports. Analysts at Topeka Capital Markets initiated coverage on shares of Allscripts Healthcare Solutions in a research note on Friday. They set a “hold” rating and a $16.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Allscripts Healthcare Solutions in a research note on Friday, May 9th. They now have a $17.00 price target on the stock, down previously from $18.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Allscripts Healthcare Solutions in a research note on Friday, May 9th. They now have a $16.00 price target on the stock.
Allscripts Healthcare Solutions (NASDAQ:MDRX) traded up 1.97% on Friday, hitting $15.755. 222,835 shares of the company’s stock traded hands. Allscripts Healthcare Solutions has a 52 week low of $12.85 and a 52 week high of $19.68. The stock’s 50-day moving average is $15.04 and its 200-day moving average is $16.28. The company’s market cap is $2.828 billion.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.01 by $0.94. The company had revenue of $340.30 billion for the quarter, compared to the consensus estimate of $347.98 billion. During the same quarter last year, the company posted $0.09 earnings per share. Allscripts Healthcare Solutions’s revenue was down .9% compared to the same quarter last year. Analysts expect that Allscripts Healthcare Solutions will post $0.39 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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