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NASDAQ:CHNG

Change Healthcare Stock Forecast, Price & News

$14.31
-0.02 (-0.14 %)
(As of 09/29/2020 12:00 AM ET)
Add
Compare
Today's Range
$14.00
Now: $14.31
$14.50
50-Day Range
$12.61
MA: $13.76
$14.95
52-Week Range
$6.18
Now: $14.31
$17.57
Volume1.95 million shs
Average Volume5.34 million shs
Market Capitalization$4.35 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.77
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. The Software and Analytics segment provides software and analytics solutions for financial performance, payment accuracy, clinical decision management, value-based payment, provider and consumer engagement, and imaging and clinical workflow. The Network Solutions segment enables financial, administrative, and clinical transactions; electronic business-to-business and consumer-to-business payments; and aggregation and analytics of clinical and financial data. The Technology-Enabled Services segment provides solutions for financial and administrative management, value-based care, communication and payment, pharmacy benefits administration, and healthcare consulting. The company was founded in 2016 and is headquartered in Nashville, Tennessee.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 1.7Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.42 out of 5 stars


Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:CHNG
CUSIPN/A
CIKN/A
Phone615-932-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.20 billion
Cash Flow$3.50 per share
Book Value$10.83 per share

Profitability

Net Income$-947,600,000.00

Miscellaneous

Employees15,000
Market Cap$4.35 billion
Next Earnings Date11/16/2020 (Estimated)
OptionableNot Optionable
$14.31
-0.02 (-0.14 %)
(As of 09/29/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Change Healthcare (NASDAQ:CHNG) Frequently Asked Questions

How has Change Healthcare's stock been impacted by Coronavirus (COVID-19)?

Change Healthcare's stock was trading at $11.44 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CHNG shares have increased by 25.1% and is now trading at $14.31.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Change Healthcare?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Change Healthcare in the last year. There are currently 13 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Change Healthcare
.

When is Change Healthcare's next earnings date?

Change Healthcare is scheduled to release its next quarterly earnings announcement on Monday, November 16th 2020.
View our earnings forecast for Change Healthcare
.

How were Change Healthcare's earnings last quarter?

Change Healthcare Inc. (NASDAQ:CHNG) announced its quarterly earnings data on Wednesday, August, 5th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.14 by $0.11. The business had revenue of $694.18 million for the quarter, compared to analyst estimates of $646.82 million. Change Healthcare had a positive return on equity of 14.93% and a negative net margin of 4.34%.
View Change Healthcare's earnings history
.

What guidance has Change Healthcare issued on next quarter's earnings?

Change Healthcare updated its second quarter earnings guidance on Wednesday, September, 9th. The company provided earnings per share guidance of $0.24-0.28 for the period, compared to the Thomson Reuters consensus estimate of $0.22.

What price target have analysts set for CHNG?

14 brokers have issued 12-month price targets for Change Healthcare's shares. Their forecasts range from $14.00 to $22.00. On average, they expect Change Healthcare's share price to reach $17.54 in the next twelve months. This suggests a possible upside of 22.6% from the stock's current price.
View analysts' price targets for Change Healthcare
.

Are investors shorting Change Healthcare?

Change Healthcare saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 14,010,000 shares, a decrease of 10.5% from the August 31st total of 15,660,000 shares. Based on an average trading volume of 3,360,000 shares, the short-interest ratio is currently 4.2 days.
View Change Healthcare's Short Interest
.

Who are some of Change Healthcare's key competitors?

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), Pfizer (PFE), Micron Technology (MU), Crowdstrike (CRWD), CVS Health (CVS), Docusign (DOCU), Intel (INTC), Advanced Micro Devices (AMD) and Roku (ROKU).

Who are Change Healthcare's key executives?

Change Healthcare's management team includes the following people:
  • Mr. Neil E. de Crescenzo IV, Pres, CEO & Director (Age 59, Pay $1.54M)
  • Mr. Fredrik J. Eliasson, Exec. VP & CFO (Age 49, Pay $1.28M)
  • Dr. August Calhoun, Exec. VP and Pres of Sales & Operations (Age 48, Pay $861.84k)
  • Mr. Thomas P. Laur, Exec. VP & Pres of Technology Enabled Services (Age 44, Pay $1.43M)
  • Mr. Roderick H. O'Reilly, Exec. VP & Pres of Software & Analytics (Age 58, Pay $1.55M)

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 a price of $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 acted 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."

How do I buy shares of Change Healthcare?

Shares of CHNG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Change Healthcare's stock price today?

One share of CHNG stock can currently be purchased for approximately $14.31.

How big of a company is Change Healthcare?

Change Healthcare has a market capitalization of $4.35 billion and generates $3.20 billion in revenue each year. The company earns $-947,600,000.00 in net income (profit) each year or $1.47 on an earnings per share basis. Change Healthcare employs 15,000 workers across the globe.

What is Change Healthcare's official website?

The official website for Change Healthcare is www.changehealthcare.com.

How can I contact Change Healthcare?

Change Healthcare's mailing address is 3055 Lebanon Pike Suite 1000, NASHVILLE TN, 37214. The company can be reached via phone at 615-932-3000.

This page was last updated on 9/29/2020 by MarketBeat.com Staff

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