Cerner Co. (CERN) Given Consensus Recommendation of “Buy” by Brokerages

Cerner Co. (NASDAQ:CERN) has been assigned a consensus rating of “Buy” from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $68.85.

Several equities analysts have recently commented on CERN shares. Citigroup set a $77.00 price target on Cerner and gave the company a “buy” rating in a research note on Wednesday, April 10th. SunTrust Banks upgraded Cerner from a “hold” rating to a “buy” rating and lifted their target price for the company from $60.00 to $76.00 in a research note on Wednesday, April 10th. Cantor Fitzgerald reiterated a “buy” rating and issued a $75.00 target price on shares of Cerner in a research note on Tuesday, April 9th. ValuEngine upgraded Cerner from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, BidaskClub upgraded Cerner from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th.

In other Cerner news, Director Linda M. Dillman sold 4,100 shares of Cerner stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $70.14, for a total value of $287,574.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director R Halsey Wise bought 7,600 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was bought at an average price of $65.76 per share, for a total transaction of $499,776.00. The disclosure for this purchase can be found here. Insiders sold 400,068 shares of company stock worth $27,779,043 in the last quarter. 4.71% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Allstate Corp purchased a new stake in shares of Cerner during the first quarter worth about $407,000. Advisory Services Network LLC grew its stake in shares of Cerner by 12.9% during the first quarter. Advisory Services Network LLC now owns 4,504 shares of the company’s stock worth $258,000 after acquiring an additional 514 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Cerner by 141.8% during the first quarter. Nordea Investment Management AB now owns 37,485 shares of the company’s stock worth $2,144,000 after acquiring an additional 21,982 shares during the last quarter. Laurel Wealth Advisors Inc. grew its stake in shares of Cerner by 14.8% during the first quarter. Laurel Wealth Advisors Inc. now owns 4,803 shares of the company’s stock worth $275,000 after acquiring an additional 618 shares during the last quarter. Finally, Slow Capital Inc. lifted its holdings in shares of Cerner by 3.1% during the first quarter. Slow Capital Inc. now owns 9,824 shares of the company’s stock worth $562,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 81.68% of the company’s stock.

Shares of Cerner stock opened at $72.25 on Friday. The firm has a market cap of $23.40 billion, a PE ratio of 32.69, a PEG ratio of 2.16 and a beta of 0.89. 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 $72.50.

Cerner (NASDAQ:CERN) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.55 by $0.06. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Cerner had a return on equity of 14.86% and a net margin of 11.65%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share. Sell-side analysts predict that Cerner will post 2.44 earnings per share for the current year.

The business also recently announced a special dividend, which will be paid on Friday, July 26th. Shareholders of record on Tuesday, June 18th will be paid a $0.18 dividend. The ex-dividend date is Monday, June 17th.

Cerner Company Profile

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.

Featured Article: How to use beta for portfolio diversification

Analyst Recommendations for Cerner (NASDAQ:CERN)

Receive News & Ratings for Cerner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cerner and related companies with MarketBeat.com's FREE daily email newsletter.