Change Healthcare (NASDAQ:CHNG) issued an update on its first quarter 2021
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.14-0.18 for the period, compared to the Thomson Reuters consensus estimate of $0.35.
Shares of Change Healthcare stock traded up $0.28 during trading on Wednesday, hitting $12.81. 4,914,500 shares of the stock were exchanged, compared to its average volume of 6,671,593. The firm’s 50-day moving average price is $11.22 and its 200 day moving average price is $13.16. Change Healthcare has a 12-month low of $6.18 and a 12-month high of $17.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.00 and a quick ratio of 1.00.
A number of equities research analysts recently weighed in on CHNG shares. Bank of America boosted their price target on shares of Change Healthcare from $13.00 to $14.00 and gave the company a buy rating in a research report on Monday, April 13th. Raymond James raised shares of Change Healthcare from an outperform rating to a strong-buy rating and set a $20.00 price target for the company in a research report on Wednesday, March 18th. Goldman Sachs Group reissued a buy rating on shares of Change Healthcare in a research report on Wednesday, March 18th. ValuEngine cut shares of Change Healthcare from a hold rating to a sell rating in a research report on Thursday, April 2nd. Finally, Deutsche Bank reduced their price target on shares of Change Healthcare from $17.00 to $12.00 and set a buy rating for the company in a research report on Friday, April 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $17.21.
Change Healthcare Inc, an independent healthcare technology platform, provides data and analytics-driven solutions to improve clinical, financial, and patient engagement outcomes in the United States healthcare system. It operates in three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services.
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