Cerner Corp. Price Target Increased to $62.00 by Analysts at Jefferies Group (CERN)
Research analysts at Jefferies Group raised their target price on shares of Cerner Corp. (NASDAQ:CERN) from $57.50 to $62.00 in a report released on Friday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 13.32% from the company’s current price.
Cerner Corp. (NASDAQ:CERN) traded up 2.13% during mid-day trading on Friday, hitting $54.71. The stock had a trading volume of 1,953,590 shares. Cerner Corp. has a 1-year low of $33.82 and a 1-year high of $55.07. The stock has a 50-day moving average of $48.7 and a 200-day moving average of $48.23. The company has a market cap of $18.771 billion and a P/E ratio of 43.55.
Cerner Corp. (NASDAQ:CERN) last announced its earnings results on Thursday, July 25th. The company reported $0.34 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.59 earnings per share. Cerner Corp.’s revenue was up 11.0% compared to the same quarter last year. Analysts expect that Cerner Corp. will post $1.41 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Hilliard Lyons reiterated a “buy” rating on shares of Cerner Corp. (NASDAQ:CERN) in a research note to investors on Tuesday. They now have a $58.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $78.68.
Cerner Corporation is a supplier of healthcare information technology solutions, services, devices and hardware.
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