Price Target Update on Cerner Corporation (NASDAQ:CERN)

Cerner Corporation (NASDAQ:CERN) stock is expected to deviate a maximum of $7.02 from the average target price of $65.69 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $77 and the most muted being $54.

Other Equity analysts have also commented on the company shares. Goldman Sachs downgrades their rating on the shares of Cerner Corporation (NASDAQ:CERN). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on February 23, 2016.

Cerner Corporation (NASDAQ:CERN): stock turned positive on Thursday. Though the stock opened at $56.28, the bulls momentum made the stock top out at $57.32 level for the day. The stock recorded a low of $56.05 and closed the trading day at $56.89, in the green by 2.91%. The total traded volume for the day was 3,153,148. The stock had closed at $55.28 in the previous days trading.

The company shares have dropped -20.10% from its 1 Year high price. On Jul 29, 2015, the shares registered one year high at $75.00 and the one year low was seen on Mar 3, 2016. The 50-Day Moving Average price is $54.96 and the 200 Day Moving Average price is recorded at $55.74. On the companys insider trading activities,The director of Cerner Corp /Mo/, Zollars William D sold 9,000 shares at $55.72 on June 1, 2016. The Insider selling transaction had a total value worth of $501,480. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Cerner Corporation (Cerner) is a supplier of health care information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. The Company offers software, hardware, professional services and managed services. The Company operates in two segments: Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Brazil, Canada, Cayman Islands, Chile, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Israel, Malaysia, Mexico, Netherlands, Qatar, Saudi Arabia, Singapore, Spain, Switzerland and the United Arab Emirates. Cerner solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include HealtheRegistries, Cerner ITWorks, Cerner RevWorks, PowerWorks and CommunityWorks, among others.

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