Price Target Update on Allscripts Healthcare Solutions (NASDAQ:MDRX)

Allscripts Healthcare Solutions (NASDAQ:MDRX) : Currently there are 13 street experts covering Allscripts Healthcare Solutions (NASDAQ:MDRX) stock. The most bullish and bearish price target for the stock is $18 and $12 respectively for the short term. The average price target of all the analysts comes to $15.42. The estimated standard deviation from the target is $1.68.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Citigroup maintains its rating on Allscripts Healthcare Solutions (NASDAQ:MDRX).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $13 per share to $14 per share. The rating by the firm was issued on May 13, 2016.

Allscripts Healthcare Solutions (NASDAQ:MDRX): stock turned positive on Thursday. Though the stock opened at $12.56, the bulls momentum made the stock top out at $12.7 level for the day. The stock recorded a low of $12.55 and closed the trading day at $12.63, in the green by 1.20%. The total traded volume for the day was 2,113,738. The stock had closed at $12.48 in the previous days trading.

The company shares have dropped -11.74% 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 $13.12 and the 200 Day Moving Average price is recorded at $13.46. On the companys insider trading activities, Poulton Richard J., officer (President) of Allscripts Healthcare Solutions, Inc., unloaded 10,000 shares at an average price of $13.03 on June 13, 2016. The total amount of the transaction was worth $130,300, according to the disclosed information 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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