Other research analysts also recently issued reports about the company. Deutsche Bank started coverage on Change Healthcare in a research note on Thursday, September 26th. They set a “buy” rating and a $15.00 price objective for the company. Royal Bank of Canada started coverage on Change Healthcare in a research note on Wednesday, November 27th. They set an “outperform” rating and a $16.00 price objective for the company. Finally, Zacks Investment Research upgraded Change Healthcare from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $18.59.
Shares of NASDAQ:CHNG opened at $13.38 on Tuesday. The company’s 50 day moving average is $13.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.01. Change Healthcare has a 12-month low of $11.24 and a 12-month high of $15.50.
Hedge funds have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY bought a new position in Change Healthcare in the 3rd quarter worth approximately $29,000. Daiwa Securities Group Inc. bought a new position in Change Healthcare in the 2nd quarter worth approximately $146,000. Rice Hall James & Associates LLC bought a new position in Change Healthcare in the 3rd quarter worth approximately $146,000. Jefferies Group LLC bought a new position in Change Healthcare in the 2nd quarter worth approximately $219,000. Finally, KCL Capital L.P. bought a new position in Change Healthcare in the 2nd quarter worth approximately $219,000. Institutional investors and hedge funds own 92.65% of the company’s stock.
About Change Healthcare
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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