Cerner Corporation (CERN) : Analyst Rating Update

Cerner Corporation (CERN) : 21 analysts are covering Cerner Corporation (CERN) and their average rating on the stock is 1.24, which is read as a Strong Buy. 18 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Cerner Corporation (CERN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Cerner Corporation (CERN) : 16 investment research analysts covering Cerner Corporation (CERN) have an average price target of $66.38 for the near short term. The highest target price given by the Brokerage Firm to the stock is $77 and the lowest target is $55 for the short term. Analysts expect the variance to be within $6.3 of the average price.

Cerner Corporation (NASDAQ:CERN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.11 and $57.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.79, notching a gain of 0.91% for the day. The total traded volume was 1,862,451 . The stock had closed at $58.26 on the previous day.

Also, In a research note released to the investors, SunTrust Robinson Humphrey upgrades its rating on Cerner Corporation (NASDAQ:CERN).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 23, 2016. The company shares have dropped -14.08% 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 $55.45 and the 200 Day Moving Average price is recorded at $55.48.

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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