Citigroup disclosed Computer Progams & Systems (NASDAQ:CPSI), bumping down its price target to $27.00 earlier today
- Updated: September 22, 2016
Reporting as potential upside of 0.03%, Citigroup dropped the price target of Computer Progams & Systems (NASDAQ:CPSI) to $27.00
Previously on Tuesday August 16, 2016, KeyBanc Capital Markets released a statement about Computer Progams & Systems (NASDAQ:CPSI) reduced the target price from $35.00 to $21.00. At the time, this indicated a possible downside of -0.20%.
Just yesterday Computer Progams & Systems (NASDAQ:CPSI) traded 0.65% higher at $26.14. Computer Progams & Systems’s 50-day moving average is $26.80 and its 200-day moving average is $40.85. The last stock price is down -35.86% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 12,627 shares of CPSI traded hands, down from an average trading volume of 248,583
Recent Performance Chart
Computer Progams & Systems has 52 week low of $24.18 and a 52 week high of $59.16 with a PE ratio of 44.41 and has a market capitalization of $0.
In addition to Citigroup reporting its stock price target, a total of 10 brokerages have issued a ratings update on the company. The average stock price target is $55.90 with 0 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 12 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Computer Progams & Systems (NASDAQ:CPSI)
Computer Programs and Systems, Inc. (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals and post-acute care facilities. The Company provides, on an integrated basis, enterprise-wide clinical management, access management, patient financial management, health information management, strategic decision support, resource planning management and enterprise application integration solutions to healthcare organizations. Additionally, CPSI provides other IT solutions, including business management services, remote hosting, networking technologies and other related services. It supports approximately 1,300 acute care facilities and over 3,300 post-acute care facilities with a customer base within the domestic rural and community healthcare market. Its target market includes rural and community hospitals with approximately 300 acute care beds. The Company's focus within its target market is on hospitals with over 100 acute care beds.
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