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NASDAQ:CHNG

Change Healthcare - CHNG Stock Forecast, Price & News

Notice: This company has been marked as potentially delisted and may not be actively trading.
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Today's Range
$27.49
$27.49
50-Day Range
$24.57
$27.49
52-Week Range
$18.97
$27.59
Volume
3 shs
Average Volume
3.70 million shs
Market Capitalization
$9.03 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$27.75

Change Healthcare MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
0.9% Upside
$27.75 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
18.10%
From $1.05 to $1.24 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.48 out of 5 stars

Medical Sector

976th out of 1,040 stocks

Data Processing & Preparation Industry

70th out of 74 stocks

CHNG stock logo

About Change Healthcare (NASDAQ:CHNG) Stock

Change Healthcare Inc., an independent healthcare technology company, 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. The Software and Analytics segment offers software and analytics solutions for revenue cycle management, provider network management, payment accuracy, clinical decision support, value-based payment, consumer engagement, risk adjustment and quality performance, and imaging and clinical workflow. The Network Solutions segment provides solutions for financial, administrative, and clinical and pharmacy transactions; connected consumer health; network; electronic payments; data; pharmacy; and aggregation and analytics of clinical and financial data. The Technology-Enabled Services segment offers solutions for financial and administrative management, value-based care, communication and payment, pharmacy benefits administration, and healthcare consulting. The company serves commercial insurers, private insurers, BlueCross Blue Shield plans, Medicare/Medicaid plans, provider-sponsored payers, third party administrators, emerging technology and data-driven health plans, and other specialty health benefits insurers, as well as hospitals and health systems, physician practices, dentists, pharmacies, skilled nursing facilities, home health agencies, telehealth providers, senior care facilities, laboratories, and other healthcare providers. Change Healthcare Inc. was incorporated in 2016 and is headquartered in Nashville, Tennessee.

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CHNG Stock News Headlines

Change Healthcare Inc. News
Why Is Change Healthcare (CHNG) Stock Soaring Today?
Judge denies U.S. bid to stop UnitedHealth plan to buy Change
Change Healthcare Inc. (CHNG)
UnitedHealth, Amazon Are Among Bidders for Signify
Ave Maria Value Fund Q2 2022 Commentary
See More Headlines

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CHNG Company Calendar

Last Earnings
11/02/2021
Today
11/28/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Data Processing & Preparation
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:CHNG
Fax
N/A
Employees
14,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$27.75
High Stock Price Forecast
$27.75
Low Stock Price Forecast
$27.75
Forecasted Upside/Downside
+0.9%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$-57,390,000.00
Pretax Margin
-3.61%

Debt

Sales & Book Value

Annual Sales
$3.48 billion
Cash Flow
$3.64 per share
Book Value
$10.50 per share

Miscellaneous

Free Float
321,283,000
Market Cap
$9.03 billion
Optionable
Not Optionable
Beta
0.85

Key Executives

  • Mr. Neil E. de Crescenzo IV (Age 61)
    Pres, CEO & Director
    Comp: $2.85M
  • Mr. Fredrik J. EliassonMr. Fredrik J. Eliasson (Age 51)
    Exec. VP & CFO
    Comp: $1.49M
  • Mr. Steven B. MartinMr. Steven B. Martin (Age 48)
    Exec. VP of Enterprise Technology
    Comp: $1.38M
  • Mr. Kriten J. Joshi Ph.D. (Age 50)
    Exec. VP and Pres of Network Solutions, Software & Analytics
    Comp: $1.79M
  • Mr. Roderick H. O'Reilly (Age 60)
    Sr. Advisor
    Comp: $1.17M
  • Dr. August Calhoun (Age 50)
    Exec. VP and Pres of Sales & Operations
  • David Elliott
    Sr. Director, Investor Relations & Corp. Devel.
  • Ms. Loretta A. Cecil (Age 64)
    Exec. VP & Gen. Counsel
  • Ms. Monica R. McCullough
    Chief Compliance & Ethics Officer
  • Ms. Katherine Wojtecki
    VP of External Communications













CHNG Stock - Frequently Asked Questions

Should I buy or sell Change Healthcare stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Change Healthcare in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CHNG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHNG, but not buy additional shares or sell existing shares.
View CHNG analyst ratings
or view top-rated stocks.

What is Change Healthcare's stock price forecast for 2023?

6 brokerages have issued 12 month price objectives for Change Healthcare's shares. Their CHNG share price forecasts range from $27.75 to $27.75. On average, they anticipate the company's stock price to reach $27.75 in the next year. This suggests a possible upside of 0.9% from the stock's current price.
View analysts price targets for CHNG
or view top-rated stocks among Wall Street analysts.

How were Change Healthcare's earnings last quarter?

Change Healthcare Inc. (NASDAQ:CHNG) released its earnings results on Tuesday, November, 2nd. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.03. The firm earned $826.80 million during the quarter, compared to the consensus estimate of $833.09 million. Change Healthcare had a positive trailing twelve-month return on equity of 12.02% and a negative net margin of 2.20%. Change Healthcare's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS.

What is Neil de Crescenzo's approval rating as Change Healthcare's CEO?

404 employees have rated Change Healthcare Chief Executive Officer Neil de Crescenzo on Glassdoor.com. Neil de Crescenzo has an approval rating of 56% among the company's employees. This puts Neil de Crescenzo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Change Healthcare own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Change Healthcare investors own include Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Pfizer (PFE), CrowdStrike (CRWD), DocuSign (DOCU), Advanced Micro Devices (AMD), CVS Health (CVS), Intel (INTC) and Roku (ROKU).

When did Change Healthcare IPO?

(CHNG) raised $751 million in an IPO on Thursday, June 27th 2019. The company issued 42,900,000 shares at $16.00-$19.00 per share. Barclays, Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, Morgan Stanley and RBC Capital Markets served as the underwriters for the IPO and Blackstone Capital Markets, Baird, Cantor, Cowen, First Liberties Financial, Guggenheim Securities, Piper Jaffray, SunTrust Robinson Humphrey, SVB Leerink, Wells Fargo Securities, William Blair, Drexel Hamilton and Siebert Cisneros Shank & Co. were co-managers.

What is Change Healthcare's stock symbol?

Change Healthcare trades on the NASDAQ under the ticker symbol "CHNG."

Who are Change Healthcare's major shareholders?

Change Healthcare's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.08%), Clarkston Capital Partners LLC (5.60%), Farallon Capital Management LLC (5.51%), Abrams Capital Management L.P. (4.85%), Alliancebernstein L.P. (3.80%) and TIG Advisors LLC (1.97%). Insiders that own company stock include Fredrik J Eliasson, Paul Rareshide and Steven B Martin.
View institutional ownership trends
.

What is Change Healthcare's stock price today?

One share of CHNG stock can currently be purchased for approximately $27.49.

How much money does Change Healthcare make?

Change Healthcare (NASDAQ:CHNG) has a market capitalization of $9.03 billion and generates $3.48 billion in revenue each year. The company earns $-57,390,000.00 in net income (profit) each year or ($0.24) on an earnings per share basis.

How many employees does Change Healthcare have?

The company employs 14,000 workers across the globe.

How can I contact Change Healthcare?

Change Healthcare's mailing address is 3055 Lebanon Pike Suite 1000, NASHVILLE TN, 37214. The official website for the company is www.changehealthcare.com. The company can be reached via phone at (615) 932-3000 or via email at evan.smith@changehealthcare.com.

This page (NASDAQ:CHNG) was last updated on 11/28/2022 by MarketBeat.com Staff