Cerner Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:CERN)
Shares of Cerner (NASDAQ:CERN) have been given an average rating of “Buy” by the twenty-one analysts that are presently covering the company, AnalystRatings.NET reports. Four analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $62.56.
Cerner (NASDAQ:CERN) opened at 55.80 on Friday. 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 $53.9 and a 200-day moving average of $54.88. The company has a market cap of $19.031 billion and a P/E ratio of 46.12.
Cerner (NASDAQ:CERN) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.40 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Analysts expect that Cerner will post $1.66 EPS for the current fiscal year.
In other Cerner news, CEO Neal L. Patterson sold 54,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $56.38, for a total transaction of $3,044,520.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on CERN. Analysts at Wells Fargo & Co. upgraded shares of Cerner from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 6th. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Cerner in a research note on Friday, July 25th. They now have a $64.00 price target on the stock, up previously from $60.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Cerner in a research note on Friday, July 25th. They now have a $70.00 price target on the stock, up previously from $68.00.
Cerner Corporation is a supplier of healthcare information technology solutions, services, devices and hardware.
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