Analysts Set Cerner Corp. (CERN) PT at $64.82
Cerner Corp. (NASDAQ:CERN) has been given an average recommendation of “Buy” by the twenty-seven brokerages that are covering the company. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $64.82.
A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Cerner Corp. in a research note on Thursday. Canaccord Genuity reiterated a “buy” rating and set a $63.00 price objective on shares of Cerner Corp. in a research note on Tuesday, November 15th. TheStreet downgraded Cerner Corp. from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Zacks Investment Research upgraded Cerner Corp. from a “sell” rating to a “hold” rating in a research note on Monday, November 14th. Finally, Deutsche Bank AG downgraded Cerner Corp. from a “buy” rating to a “hold” rating and cut their price objective for the company from $58.00 to $50.00 in a research note on Thursday, November 10th.
In other Cerner Corp. news, Director Linda M. Dillman sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $64.68, for a total value of $388,080.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William D. Zollars sold 10,000 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $51.50, for a total value of $515,000.00. The disclosure for this sale can be found here. 13.20% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in CERN. Johnson Financial Group Inc. increased its position in shares of Cerner Corp. by 37.8% in the second quarter. Johnson Financial Group Inc. now owns 1,882 shares of the company’s stock valued at $111,000 after buying an additional 516 shares during the period. Mycio Wealth Partners LLC increased its position in Cerner Corp. by 33.5% in the second quarter. Mycio Wealth Partners LLC now owns 1,997 shares of the company’s stock worth $117,000 after buying an additional 501 shares during the last quarter. Alpha Windward LLC increased its position in Cerner Corp. by 2.2% in the second quarter. Alpha Windward LLC now owns 2,061 shares of the company’s stock worth $121,000 after buying an additional 44 shares during the last quarter. NN Investment Partners Holdings N.V. increased its position in Cerner Corp. by 16.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,085 shares of the company’s stock worth $122,000 after buying an additional 300 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its position in Cerner Corp. by 5.0% in the second quarter. Acrospire Investment Management LLC now owns 2,100 shares of the company’s stock worth $123,000 after buying an additional 100 shares during the last quarter. 82.43% of the stock is currently owned by institutional investors.
Cerner Corp. (NASDAQ:CERN) opened at 49.53 on Thursday. The firm’s 50-day moving average is $56.72 and its 200-day moving average is $59.13. The company has a market capitalization of $16.82 billion, a PE ratio of 26.19 and a beta of 1.11. Cerner Corp. has a 12 month low of $48.04 and a 12 month high of $67.50.
Cerner Corp. (NASDAQ:CERN) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.24 billion. Cerner Corp. had a net margin of 13.85% and a return on equity of 18.39%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Equities analysts anticipate that Cerner Corp. will post $2.30 EPS for the current fiscal year.
Cerner Corp. Company Profile
Cerner Corporation is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. Its segments include Domestic and Global. The Domestic segment includes the business activity in the United States.
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