Analyst Rating Update on Allscripts Healthcare Solutions (MDRX)

Allscripts Healthcare Solutions (NASDAQ:MDRX) : 9 brokerage houses believe that Allscripts Healthcare Solutions (NASDAQ:MDRX) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Allscripts Healthcare Solutions (NASDAQ:MDRX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 22 Wall Street Analysts endorse the stock as a Buy with a rating of 2.07.

Allscripts Healthcare Solutions (NASDAQ:MDRX) : The consensus price target for Allscripts Healthcare Solutions (NASDAQ:MDRX) is $15.42 for the short term with a standard deviation of $1.68. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $12.

For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup maintains its rating on Allscripts Healthcare Solutions (NASDAQ:MDRX). The global brokerage major raises the current price target from $13 per share to $14 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on May 13, 2016.

Allscripts Healthcare Solutions (NASDAQ:MDRX): stock turned positive on Tuesday. Though the stock opened at $11.97, the bulls momentum made the stock top out at $12.05 level for the day. The stock recorded a low of $11.81 and closed the trading day at $12, in the green by 1.01%. The total traded volume for the day was 1,564,771. The stock had closed at $11.88 in the previous days trading.

In an insider trading activity,The officer (President) of Allscripts Healthcare Solutions, Inc., Poulton Richard J. sold 10,000 shares at $13.03 on June 13, 2016. The Insider selling transaction had a total value worth of $130,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Allscripts Healthcare Solutions, Inc. is engaged in engaged in delivering Information Technology (IT) and services. The Company sells its solutions to physicians, hospitals, governments, health systems, health plans, retail clinics, retail pharmacies, pharmacy benefit managers and post-acute organizations, such as home health and hospice agencies. The Company operates through three segments: Clinical and Financial Solutions, Population Health, and Managed Services. The Companys solutions enable healthcare professionals with the data, insights, and connectivity. The Company offers Ambulatory Solutions, Acute Care Solutions, Population Health Management Solutions and services. Ambulatory solutions include Allscripts TouchWorks HER and Allscripts Professional HER, among others. The Companys acute care offers clinical, access, financial, and departmental solutions. The Company designs its population health management solutions for hospitals, health systems, among others.

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