Cerner Rating Reiterated by Deutsche Bank (CERN)
Cerner (NASDAQ:CERN)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Friday. They currently have a $70.00 price objective on the stock, up from their previous price objective of $68.00. Deutsche Bank’s target price indicates a potential upside of 23.13% from the company’s current price.
Shares of Cerner (NASDAQ:CERN) traded up 2.17% during mid-day trading on Friday, hitting $56.85. The stock had a trading volume of 2,409,630 shares. Cerner has a 52-week low of $45.81 and a 52-week high of $63.07. The stock’s 50-day moving average is $52.77 and its 200-day moving average is $54.83. The company has a market cap of $19.521 billion and a P/E ratio of 47.97.
Cerner (NASDAQ:CERN) last released its earnings data on Thursday, July 24th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $851.80 million for the quarter, compared to the consensus estimate of $813.77 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, analysts predict that Cerner will post $1.66 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Topeka Capital Markets raised their price target on shares of Cerner from $58.00 to $62.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cerner in a research note on Monday. They now have a $56.00 price target on the stock. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $62.16.
Cerner Corporation is a supplier of healthcare information technology solutions, services, devices and hardware.
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