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Change Healthcare (NASDAQ:CHNG) had its price objective raised by Piper Sandler from $23.00 to $25.75 in a research note released on Wednesday morning, The Fly reports. Piper Sandler currently has an overweight rating on the stock. Piper Sandler also issued estimates for Change Healthcare’s Q3 2021 earnings at $0.26 EPS, Q4 2021 earnings at $0.34 EPS, FY2021 earnings at $1.11 EPS, Q1 2022 earnings at $0.32 EPS, Q2 2022 earnings at $0.32 EPS, Q3 2022 earnings at $0.37 EPS, Q4 2022 earnings at $0.44 EPS and FY2022 earnings at $1.46 EPS.

Several other research analysts also recently weighed in on the company. SVB Leerink boosted their target price on Change Healthcare from $19.00 to $22.00 and gave the stock an outperform rating in a research note on Tuesday, December 15th. Berenberg Bank started coverage on Change Healthcare in a research report on Tuesday, December 8th. They set a buy rating and a $23.00 price target for the company. William Blair cut Change Healthcare from an outperform rating to a market perform rating in a research report on Wednesday. CSFB lifted their price target on Change Healthcare from $16.00 to $19.00 and gave the stock an outperform rating in a research report on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Change Healthcare from $16.00 to $18.00 and gave the stock a buy rating in a research report on Monday, November 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $20.01.

Shares of CHNG stock opened at $23.76 on Wednesday. Change Healthcare has a 1-year low of $6.18 and a 1-year high of $24.21. The stock’s fifty day moving average price is $17.91 and its 200 day moving average price is $14.51. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $7.23 billion, a price-to-earnings ratio of -43.13, a price-to-earnings-growth ratio of 8.10 and a beta of 1.71.

Change Healthcare (NASDAQ:CHNG) last announced its earnings results on Monday, November 9th. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.07. Change Healthcare had a positive return on equity of 13.43% and a negative net margin of 5.76%. The firm had revenue of $755.94 million for the quarter, compared to the consensus estimate of $745.02 million. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, equities research analysts anticipate that Change Healthcare will post 1.12 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHNG. Blackstone Group Inc acquired a new position in Change Healthcare in the 3rd quarter worth about $865,090,000. Boston Partners acquired a new position in Change Healthcare in the 3rd quarter worth about $217,955,000. Camber Capital Management LP acquired a new position in Change Healthcare in the 3rd quarter worth about $217,650,000. BlackRock Inc. acquired a new position in Change Healthcare in the 3rd quarter worth about $155,691,000. Finally, Cardinal Capital Management LLC CT acquired a new position in Change Healthcare in the 3rd quarter worth about $78,989,000.

About Change Healthcare

Change Healthcare Inc, an independent healthcare technology platform, provides data and analytics-driven solutions to enhance clinical, financial, administrative, and patient engagement outcomes in the United States healthcare system. It operates through three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services.

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Analyst Recommendations for Change Healthcare (NASDAQ:CHNG)

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