Cerner Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:CERN)
Cerner (NASDAQ:CERN) has received a consensus recommendation of “Buy” from the twenty-one analysts that are covering the company, Stock Ratings News reports. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $62.56.
A number of analysts have recently weighed in on CERN shares. 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.
In other Cerner news, CEO Neal L. Patterson sold 54,000 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $56.38, for a total transaction of $3,044,520.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Cerner (NASDAQ:CERN) opened at 55.92 on Friday. 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 $54.23 and its 200-day moving average is $54.91. The company has a market cap of $19.072 billion and a P/E ratio of 45.86.
Cerner (NASDAQ:CERN) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.40 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.34 earnings per share. Cerner’s revenue was up 20.4% compared to the same quarter last year. Analysts expect that Cerner will post $1.66 EPS for the current fiscal year.
Cerner Corporation is a supplier of healthcare information technology solutions, services, devices and hardware.
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