Cerner Co. (NASDAQ:CERN) has received a consensus recommendation of “Buy” from the seventeen brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $68.21.
Several equities research analysts recently issued reports on CERN shares. Zacks Investment Research downgraded Cerner from a “hold” rating to a “sell” rating in a report on Monday, March 11th. ValuEngine upgraded Cerner from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. BidaskClub upgraded Cerner from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Robert W. Baird increased their price objective on Cerner from $67.00 to $71.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Cerner in a report on Monday, April 29th.
In other Cerner news, Director R Halsey Wise bought 7,600 shares of Cerner stock in a transaction on Tuesday, April 30th. The stock was acquired at an average price of $65.76 per share, with a total value of $499,776.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director John J. Greisch bought 9,000 shares of Cerner stock in a transaction on Thursday, May 2nd. The stock was acquired at an average cost of $67.57 per share, with a total value of $608,130.00. The disclosure for this purchase can be found here. 4.71% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Nelson Roberts Investment Advisors LLC bought a new position in shares of Cerner during the first quarter valued at approximately $25,000. Essex Savings Bank purchased a new position in Cerner in the 4th quarter worth approximately $27,000. Moody National Bank Trust Division lifted its stake in Cerner by 72.5% in the 1st quarter. Moody National Bank Trust Division now owns 483 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares in the last quarter. Advisory Alpha LLC purchased a new position in Cerner in the 1st quarter worth approximately $28,000. Finally, JNBA Financial Advisors purchased a new position in Cerner in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.
CERN stock traded up $1.49 during mid-day trading on Monday, reaching $69.32. The company’s stock had a trading volume of 610,178 shares, compared to its average volume of 2,507,151. The company has a market cap of $22.07 billion, a P/E ratio of 31.37, a PEG ratio of 2.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.55 and a current ratio of 2.58. Cerner has a 12 month low of $48.78 and a 12 month high of $69.34.
Cerner (NASDAQ:CERN) last issued its earnings results on Thursday, April 25th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. Cerner had a return on equity of 14.86% and a net margin of 11.65%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 earnings per share. On average, research analysts predict that Cerner will post 2.44 earnings per share for the current year.
Cerner Corporation provides health care information technology solutions and tech-enabled services in the United States and internationally. The company offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers.
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