Avondale Partners lowered shares of Cerner Corporation (NASDAQ:CERN) from an outperform rating to a market perform rating in a report issued on Friday. They currently have $45.00 target price on the stock, down from their prior target price of $61.00.
A number of other equities research analysts have also recently weighed in on the company. Oppenheimer Holdings, Inc. set a $66.00 price target on Cerner Corporation and gave the company a buy rating in a report on Saturday, November 19th. Leerink Swann cut Cerner Corporation from an outperform rating to a market perform rating and dropped their price target for the company from $65.00 to $50.00 in a report on Thursday, December 1st. Jefferies Group LLC set a $65.00 price target on Cerner Corporation and gave the company a buy rating in a report on Sunday, January 15th. Canaccord Genuity reaffirmed a buy rating on shares of Cerner Corporation in a report on Thursday, November 3rd. Finally, TheStreet cut Cerner Corporation from a buy rating to a hold rating in a report on Friday, November 11th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $61.89.
Cerner Corporation (NASDAQ:CERN) opened at 51.50 on Friday. The firm has a market capitalization of $17.25 billion, a price-to-earnings ratio of 27.84 and a beta of 1.05. The company’s 50-day moving average price is $51.03 and its 200 day moving average price is $56.55. Cerner Corporation has a 52-week low of $47.01 and a 52-week high of $67.50.
Cerner Corporation (NASDAQ:CERN) last issued its earnings results on Thursday, February 9th. The company reported $0.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.61. Cerner Corporation had a return on equity of 18.16% and a net margin of 13.27%. The business earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the firm posted $0.61 EPS. Cerner Corporation’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict that Cerner Corporation will post $2.50 earnings per share for the current year.
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Several large investors have recently modified their holdings of CERN. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Cerner Corporation during the third quarter worth about $124,000. Global X Management Co. LLC boosted its stake in shares of Cerner Corporation by 223.3% in the third quarter. Global X Management Co. LLC now owns 2,105 shares of the company’s stock worth $130,000 after buying an additional 1,454 shares in the last quarter. Alpha Windward LLC boosted its stake in shares of Cerner Corporation by 7.3% in the third quarter. Alpha Windward LLC now owns 2,211 shares of the company’s stock worth $137,000 after buying an additional 150 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Cerner Corporation during the second quarter worth about $140,000. Finally, Hall Laurie J Trustee purchased a new stake in shares of Cerner Corporation during the fourth quarter worth about $119,000. Institutional investors own 80.58% of the company’s stock.
Cerner Corporation 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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