Allscripts Healthcare Solutions (MDRX) : Analyst Rating Update

Allscripts Healthcare Solutions (MDRX) : 9 brokerage houses believe that Allscripts Healthcare Solutions (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 (MDRX). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 22 Wall Street Analysts endorse the stock as a Buy with a rating of 2.07.

Allscripts Healthcare Solutions (MDRX) : The consensus price target for Allscripts Healthcare Solutions (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.

Allscripts Healthcare Solutions (NASDAQ:MDRX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.70 and $12.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.41, notching a gain of 4.93% for the day. The total traded volume was 4,713,268 . The stock had closed at $12.78 on the previous day.

Also, Citigroup maintains its view on Allscripts Healthcare Solutions (NASDAQ:MDRX) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup raises the price target from $13 per share to $14 per share on Allscripts Healthcare Solutions . The rating by the firm was issued on May 13, 2016. The company shares have dropped -1.62% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $15.78 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $12.93 and the 200 Day Moving Average price is recorded at $13.31.

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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