Change Healthcare Inc. (NASDAQ:CHNG) – Research analysts at SVB Leerink raised their FY2021 earnings estimates for shares of Change Healthcare in a research note issued to investors on Wednesday, September 9th. SVB Leerink analyst S. Demko now forecasts that the company will earn $1.18 per share for the year, up from their previous estimate of $1.16. SVB Leerink has a “Outperform” rating and a $15.00 price target on the stock. SVB Leerink also issued estimates for Change Healthcare’s Q4 2021 earnings at $0.39 EPS, Q1 2022 earnings at $0.44 EPS and Q4 2022 earnings at $0.48 EPS.

Change Healthcare (NASDAQ:CHNG) last issued its earnings results on Wednesday, August 5th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.11. Change Healthcare had a negative net margin of 4.34% and a positive return on equity of 14.93%.

A number of other analysts have also recently weighed in on the stock. Piper Sandler raised their price target on shares of Change Healthcare from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. ValuEngine cut shares of Change Healthcare from a “hold” rating to a “sell” rating in a report on Friday, August 7th. Citigroup raised their price target on shares of Change Healthcare from $16.00 to $18.00 and gave the company a “buy” rating in a report on Monday. SunTrust Banks raised their price target on shares of Change Healthcare from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, June 5th. Finally, Zacks Investment Research cut shares of Change Healthcare from a “hold” rating to a “sell” rating and set a $9.00 price target on the stock. in a report on Monday, June 29th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $16.54.

NASDAQ:CHNG opened at $14.57 on Monday. Change Healthcare has a fifty-two week low of $6.18 and a fifty-two week high of $17.57. The stock has a market capitalization of $4.42 billion, a P/E ratio of 12.11, a P/E/G ratio of 8.86 and a beta of 1.77. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.25 and a current ratio of 1.25. The company’s 50-day simple moving average is $13.15 and its 200-day simple moving average is $11.61.

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.

Read More: Beige Book

Earnings History and Estimates for Change Healthcare (NASDAQ:CHNG)

Receive News & Ratings for Change Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Change Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.