Cerner Corp. PT Raised to $60.00 at ISI Group (CERN)
Equities research analysts at ISI Group hoisted their price objective on shares of Cerner Corp. (NASDAQ:CERN) from $58.00 to $60.00 in a research note issued to investors on Friday, AnalystRatings.NET reports. The firm currently has a “neutral” rating on the stock. ISI Group’s price target suggests a potential upside of 6.89% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stephens initiated coverage on shares of Cerner Corp. in a research note to investors on Wednesday, October 16th. They set an “overweight” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Cerner Corp. in a research note to investors on Monday, October 14th. They now have a $62.00 price target on the stock. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of Cerner Corp. in a research note to investors on Thursday, October 10th. They now have a $62.00 price target on the stock, up previously from $60.00. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $71.10.
Shares of Cerner Corp. (NASDAQ:CERN) traded down 2.82% on Friday, hitting $56.13. 3,494,543 shares of the company’s stock traded hands. Cerner Corp. has a 52-week low of $33.82 and a 52-week high of $50.85. The stock has a 50-day moving average of $48.02 and a 200-day moving average of $47.6. The company has a market cap of $19.259 billion and a price-to-earnings ratio of 46.96.
Cerner Corp. (NASDAQ:CERN) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $727.80 million for the quarter, compared to the consensus estimate of $757.20 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 7.6% 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.
Cerner Corporation is a supplier of healthcare information technology solutions, services, devices and hardware.
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