Allscripts Healthcare Solutions Given Average Recommendation of “Buy” by Brokerages (NASDAQ:MDRX)
Allscripts Healthcare Solutions (NASDAQ:MDRX) has been given a consensus rating of “Buy” by the twenty-three ratings firms that are covering the stock, American Banking & Market News reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.72.
Several analysts have recently commented on the stock. Analysts at Jefferies Group upgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. They now have a $21.00 price target on the stock, up previously from $15.00. Separately, analysts at ISI Group upgraded shares of Allscripts Healthcare Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 10th. They now have a $19.00 price target on the stock, up previously from $17.50. They noted that the move was a valuation call. Finally, analysts at Topeka Capital Markets initiated coverage on shares of Allscripts Healthcare Solutions in a research note on Friday, June 27th. They set a “hold” rating and a $16.00 price target on the stock.
Shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) opened at 15.31 on Friday. Allscripts Healthcare Solutions has a 52-week low of $13.72 and a 52-week high of $19.68. The stock’s 50-day moving average is $15.99 and its 200-day moving average is $16.44. The company’s market cap is $2.748 billion.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last released its earnings data on Thursday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $351.30 million for the quarter, compared to the consensus estimate of $353.12 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts expect that Allscripts Healthcare Solutions will post $0.38 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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