Allscripts Healthcare Solutions Given Average Recommendation of “Hold” by Brokerages (NASDAQ:MDRX)
Allscripts Healthcare Solutions (NASDAQ:MDRX) has been given an average rating of “Hold” by the twenty-four analysts that are currently covering the stock, AnalystRatings.NET reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $18.53.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Allscripts Healthcare Solutions in a research note on Monday. They now have a $16.00 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Allscripts Healthcare Solutions in a research note on Friday. They now have a $18.00 price target on the stock, down previously from $18.50. Finally, 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.
Allscripts Healthcare Solutions (NASDAQ:MDRX) opened at 14.91 on Friday. Allscripts Healthcare Solutions has a 1-year low of $13.72 and a 1-year high of $19.68. The stock has a 50-day moving average of $15.99 and a 200-day moving average of $16.41. The company’s market cap is $2.681 billion.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.13 earnings per share. Allscripts Healthcare Solutions’s revenue was up 1.9% compared to the same quarter last year. 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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