Cerner Corp. Now Covered by Analysts at Citigroup Inc. (CERN)
Investment analysts at Citigroup Inc. assumed coverage on shares of Cerner Corp. (NASDAQ:CERN) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
In other Cerner Corp. news, COO Michael Nill sold 50,000 shares of Cerner Corp. stock on the open market in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $57.94, for a total transaction of $2,897,000.00. Following the completion of the transaction, the chief operating officer now directly owns 81,612 shares of the company’s stock, valued at approximately $4,728,599. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Cerner Corp. (NASDAQ:CERN) opened at 60.18 on Tuesday. Cerner Corp. has a one year low of $42.50 and a one year high of $60.28. The stock’s 50-day moving average is $55.6 and its 200-day moving average is $53.56. The company has a market cap of $20.699 billion and a P/E ratio of 52.46.
Cerner Corp. (NASDAQ:CERN) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.39 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.39. The company had revenue of $793.20 million for the quarter, compared to the consensus estimate of $794.22 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. On average, analysts predict that Cerner Corp. will post $1.66 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital initiated coverage on shares of Cerner Corp. in a research note on Thursday, February 13th. They set an “outperform” rating and a $66.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cerner Corp. in a research note on Thursday, February 6th. They now have a $56.00 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Cerner Corp. from $71.00 to $68.00 in a research note on Wednesday, February 5th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Cerner Corp. presently has a consensus rating of “Buy” and an average price target of $70.52.
Cerner Corporation is a supplier of healthcare information technology solutions, services, devices and hardware.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.