Change Healthcare Inc. (NASDAQ: CHNG) is -31.91% lower on its value in year-to-date trading and has touched a low of $6.18 and a high of $17.57 in the current 52-week trading range. The CHNG stock was last observed hovering at around $11.16 in the current trading session, with the day’s gains setting it 0.49% off its average median price target of $18.00 for the next 12 months. It is also 47.05% off the consensus price target high of $22.00 offered by 18 analysts, but current levels are 2.92% higher than the price target low of $12.00 for the same period.
Currently trading at $11.65, the stock is 10.53% and 7.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.1 million and changing 4.44% at the moment leaves the stock -12.14% off its SMA200. CHNG registered a loss of -15.58% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $9.86 and a 200-day simple moving average (SMA200) of $13.26.
The stock witnessed a 20.65% gain in the last 1 month and extending the period to 3 months gives it a -27.77%, and is 3.24% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.10% over the week and 6.34% over the month.
Change Healthcare Inc. (CHNG) has around 14000 employees, a market worth around $3.55B and $3.30B in sales. Current P/E ratio is 9.88 and Fwd P/E is 8.12. Profit margin for the company is 4.30%. Distance from 52-week low is 88.59% and -33.67% from its 52-week high. The company has generated returns on investments over the last 12 months (9.90%).
Change Healthcare Inc. (CHNG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Change Healthcare Inc. (CHNG) is a “Buy”. 18 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 1 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Change Healthcare Inc. quarterly earnings per share for the current quarter are estimated at $0.38 with sales reaching $835.14M over the same period.The EPS is expected to shrink by -21.50% this year.
Change Healthcare Inc. (CHNG) Top Institutional Holders
211 institutions hold shares in Change Healthcare Inc. (CHNG), with 224.51k shares held by insiders accounting for 0.18% while institutional investors hold 56.54% of the company’s shares. The shares outstanding are 317.80M, and float is at 285.75M with Short Float at 7.25%. Institutions hold 56.44% of the Float.
The top institutional shareholder in the company is Blackstone Group Inc. with over 59.62 million shares valued at $977.18 million. The investor’s holdings represent 47.54% of the CHNG Shares outstanding. As of Dec 30, 2019, the second largest holder is Hellman & Friedman LLC with 15.13 million shares valued at $248.0 million to account for 12.06% of the shares outstanding. The other top investors are Boston Partners which holds 10.7 million shares representing 8.53% and valued at over $175.32 million, while Blackrock Inc. holds 7.87% of the shares totaling 9.87 million with a market value of $98.56 million.
Change Healthcare Inc. (CHNG) Insider Activity
A total of 0 insider transactions have happened at Change Healthcare Inc. (CHNG) in the last six months, with sales accounting for 0 and purchases happening 0 times.