Stock Jumping Abnormally High: Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX)

stock recommendation

Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX)

Canaccord Genuity Maintains Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX)’s stock to Buy with the price target of $16. This rating was issued on 8/03/18. The stock recently closed its previous session at $13.17 by showing a percentage change of -2.37% from its previous day closing price of $13.49.

Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.

Several investment firms issued their expert ratings on Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) in which Bank of America Maintains Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) to Buy by settling a price target of $15.5 on 5/04/18. Evercore ISI Group Initiates Coverage On the stock to Outperform on 1/19/18 by stationing a price target of $17.5. SunTrust Robinson Humphrey Downgrades the company’s stock to Hold on 1/16/18 with no specific Price Target. Baird Maintains Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) to Outperform with a price target of $17.

Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) currently has a consensus Price Target of $15.26. While some analysts have a High Price target for the stock of $19 and a Low Price Target of $12.

Several sell side analysts reviewed their recommendations on Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) where 7 analyst have rated the stock as Strong Buy, 8 analysts said it’s a Buy, 6 rated the stock as Hold, 1 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)

Zacks Investment Research also rated the stock with a value of 1.79. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

In the last Quarter, Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) reported its Actual EPS of $0.18/share. The analysts offering Earnings Estimates for the company were believing that Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) could bring EPS of $0.18/share. The difference between Actual EPS and Estimated EPS was 0 Percent. Thus the company showed an Earnings Surprise of 0 Percent.

Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) has a market capitalization of 2.3 Billion. The stock traded with the volume of 1.54 Million shares in the last trading session. The stock touched its high share price of $16.13 on 01/12/18 and the stock also touched its Lowest price in the last 52-weeks of trading on 04/04/18 as $10.78. The company has a 1 Year high price target of $15.39. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -6.68%. The Moving Average SMA50 is -7.14% while SMA200 is -1.68%.

Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) is currently showing its ROA (Return on Assets) of 0.1%. The Return on Investment (ROI) is at -4% while it’s Return on Equity (ROE) value stands at 0.2%. The stock currently shows its YTD (Year to Date) performance of -9.48 percent while its Weekly performance value is -3.52%. The Monthly and Yearly performances are -10.22 percent and -5.39 percent respectively. The Relative Volume value measured for Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) is 0.97. The Average Volume (3 months) is 1.59 Million.

The stock currently has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. MDRX has P/E (Price to Earnings ttm) value of 0, Forward P/E of 15.16, P/C (Price to cash per share) of 16.82 and Price to Free Cash Flow (P/FCF) value of 36.7. The stock is showing its Operating Margin of 4.1 percent.

Company Profile:

Allscripts Healthcare Solutions, Inc. offers clinical software, services, information and connectivity solutions that enable physicians and healthcare providers to deliver patients safety and clinical outcomes in the US. The Company provides intuitive clinical and business solutions including Electronic Health Records, practice management, revenue cycle management, document management, electronic prescribing, clinical trials and services for small to mid-sized practices. It also provides advanced clinical and business solutions including Electronic Health Records, practice management, revenue cycle management, document management, electronic prescribing, clinical trials and optimization services for large physician practices, academic medical centers and hospitals. In addition, the Company’s Health Systems Group has Emergency Department and care management systems for hospitals, as well as homecare and referral management solutions for post-acute providers. Allscripts is headquartered in Chicago, Illinois.