Change Healthcare (NASDAQ:CHNG) Price Target Raised to $18.00
Change Healthcare (NASDAQ:CHNG) had its price objective boosted by Citigroup from $16.00 to $18.00 in a report released on Monday morning, The Fly reports. They currently have a buy rating on the stock.
A number of other analysts have also issued reports on the company. ValuEngine lowered Change Healthcare from a hold rating to a sell rating in a research note on Friday, August 7th. Deutsche Bank upped their price target on shares of Change Healthcare from $12.00 to $14.00 and gave the stock a buy rating in a research report on Monday, June 8th. BidaskClub upgraded shares of Change Healthcare from a hold rating to a buy rating in a report on Wednesday, September 2nd. SunTrust Banks boosted their price objective on shares of Change Healthcare from $15.00 to $17.00 and gave the company a buy rating in a research note on Friday, June 5th. Finally, Piper Sandler increased their target price on Change Healthcare from $19.00 to $22.00 and gave the stock an overweight rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $16.54.
Shares of Change Healthcare stock opened at $14.90 on Monday. Change Healthcare has a 1 year low of $6.18 and a 1 year high of $17.57. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day moving average price of $13.20 and a 200 day moving average price of $11.60. The company has a market capitalization of $4.53 billion, a P/E ratio of -35.48, a P/E/G ratio of 8.86 and a beta of 1.77.
Change Healthcare Company Profile
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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