Allscripts Healthcare Solutions Receives New Coverage from Analysts at Topeka Capital Markets (MDRX)
Topeka Capital Markets began coverage on shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $16.00 price target on the stock. Topeka Capital Markets’ price objective would indicate a potential upside of 3.56% from the stock’s previous close.
Allscripts Healthcare Solutions (NASDAQ:MDRX) traded up 3.43% during mid-day trading on Friday, hitting $15.98. 1,276,993 shares of the company’s stock traded hands. Allscripts Healthcare Solutions has a one year low of $12.85 and a one year 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 $2.868 billion.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its earnings results 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. On average, analysts predict that Allscripts Healthcare Solutions will post $0.39 earnings per share for the current fiscal year.
A number of other firms have also recently commented on MDRX. 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. Separately, 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. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Allscripts Healthcare Solutions in a research note on Friday, May 9th. They now have a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $18.20.
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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