Cerner Coverage Initiated by Analysts at Topeka Capital Markets (CERN)
Equities researchers at Topeka Capital Markets assumed coverage on shares of Cerner (NASDAQ:CERN) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $58.00 price target on the stock. Topeka Capital Markets’ price objective would indicate a potential upside of 12.19% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Cerner currently has a consensus rating of “Buy” and a consensus price target of $63.20.
Cerner (NASDAQ:CERN) traded down 0.83% on Friday, hitting $51.27. The stock had a trading volume of 764,318 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 $52.54 and a 200-day moving average of $55.16. The company has a market cap of $17.605 billion and a price-to-earnings ratio of 44.57.
Cerner (NASDAQ:CERN) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.37 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts predict that Cerner will post $1.66 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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