Cerner Corp. Given Buy Rating at Hilliard Lyons (CERN)
Cerner Corp. (NASDAQ:CERN)‘s stock had its “buy” rating reiterated by Hilliard Lyons in a research note issued on Tuesday, AnalystRatingsNetwork reports. They currently have a $58.00 price target on the stock. Hilliard Lyons’ price objective points to a potential upside of 7.47% from the stock’s previous close.
Cerner Corp. (NASDAQ:CERN) traded up 2.70% on Tuesday, hitting $53.97. The stock had a trading volume of 2,188,229 shares. Cerner Corp. has a 52-week low of $33.82 and a 52-week high of $55.07. The stock’s 50-day moving average is $48.28 and its 200-day moving average is $48.09. The company has a market cap of $18.518 billion and a price-to-earnings ratio of 42.72.
Cerner Corp. (NASDAQ:CERN) last announced its earnings results on Thursday, July 25th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $707.60 million for the quarter, compared to the consensus estimate of $725.71 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts predict that Cerner Corp. will post $1.41 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley raised their price target on shares of Cerner Corp. (NASDAQ:CERN) to $52.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Leerink Swann upgraded shares of Cerner Corp. (NASDAQ:CERN) from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, September 3rd. They now have a $56.00 price target on the stock. Finally, analysts at KeyCorp initiated coverage on shares of Cerner Corp. (NASDAQ:CERN) in a research note to investors on Tuesday, August 13th. They set a “buy” rating and a $60.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. Cerner Corp. has a consensus rating of “Hold” and an average price target of $81.47.
Cerner Corporation is a supplier of healthcare information technology solutions, services, devices and hardware.
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