Price Target Analysis of Cerner Corporation (CERN)

SELL rating has been given by 0 analyst (s) and 6 analyst (s) given BUY rating to the stock. The analysts noted that the move was a valuation call.

CERN has been the topic of several research reports.

The company reported its EPS on 6/29/2017.

Currently, the 14-day Relative Strength Index (RSI) reading is at 71.85.

The outstanding shares for Cerner Corporation is 333.72 with a shares float of 315.64. The correct version of this article can be viewed at Analysts set a 12-month price target of $69.35 a share. The firm has a 50-day moving average price of $52.80 and a 200-day moving average price of $55.91. Cerner Corporation has a 52 week low of $47.01 and a 52 week high of $67.50. On the other hand, company insiders are holding 0.10%.

Traders are a little more bearish on Cerner Corporation of late as indicated by the increase in short interest. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.26 billion. Revenue during the quarter was $2.56 billion, representing 26% growth from $2.04 billion in year-ago quarter. While in the same Quarter Previous year, the Actual EPS was $0.59.

Analysts expect Cerner Corporation (NASDAQ:CERN) to report $ 0.62 EPS and has got OUTPERFORM rating from 5 of Thomson Reuters analysts and 0 analyst (s) given UNDERPERFORM rating.

Cerner Corporation announced that its board has approved a stock buyback program on Thursday, May 25th that allows the company to repurchase $500.00 million in shares. The stock's last price was higher from the average trading price of 50 days recorded at $65.66 while enlarging the period to 200 trading days, the average price was $59.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.20% of the company's stock.

Several large investors have recently bought and sold shares of the company. Finally, Bell Bank acquired a new stake in shares of Cerner Corporation in the first quarter valued at approximately $210,000. A 10 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of CERN or, if they already own its stock, sell it. With short interest at 15,592,628 and short average daily volume at 1,711,636, days to cover is 9.0 and the percentage of shorted shares is 0.05% as of August 31. Over the last week of the month, it was 4.55%, 0.96% over the last quarter, and 4.17% for the past six months. The co's performance for 6 months was surged of 29.91%, 1-year performance stands at 53.59% and year to date showing surged performance of 41.66%. RI raised its stake in shares of Cerner Corporation by 0.4% in the third quarter. Parsons Capital Management Inc. The value of the total investment in Cerner Corporation increased from $11,682,000 to $12,919,000 a change of 10.6% since the last quarter. However, the institutional investors are observed to own 81.30% of the total shares.

Cerner Corporation (Cerner) 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 of all sizes.

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