Cerner Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:CERN)
Cerner (NASDAQ:CERN) has been given an average rating of “Buy” by the twenty-three brokerages that are currently covering the company, StockRatingsNetwork reports. Six research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $67.33.
Cerner (NASDAQ:CERN) traded up 0.90% on Wednesday, hitting $54.605. The stock had a trading volume of 594,157 shares. Cerner has a 1-year low of $45.81 and a 1-year high of $63.07. The stock has a 50-day moving average of $51.90 and a 200-day moving average of $55.75. The company has a market cap of $18.750 billion and a P/E ratio of 46.66.
Cerner (NASDAQ:CERN) last announced its earnings results on Thursday, April 24th. The company reported $0.37 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.37. The company had revenue of $784.80 million for the quarter, compared to the consensus estimate of $784.72 million. During the same quarter last year, the company posted $0.66 earnings per share. Cerner’s revenue was up 15.4% compared to the same quarter last year. On average, analysts predict that Cerner will post $1.66 earnings per share for the current fiscal year.
A number of research firms have recently commented on CERN. Analysts at Zacks reiterated a “neutral” rating on shares of Cerner in a research note on Monday, April 28th. They now have a $52.00 price target on the stock. Separately, analysts at ISI Group cut their price target on shares of Cerner from $69.00 to $63.00 in a research note on Friday, April 25th. They now have a “neutral” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Cerner in a research note on Tuesday, April 15th. They now have a $60.00 price target on the stock.
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.