Analyst Rating Update on Cerner Corporation (CERN)

Cerner Corporation (CERN) : The consensus on Cerner Corporation (CERN) based on 21 analyst recommendation on the company stock is 1.24, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 18 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Cerner Corporation (CERN) : 15 investment research analysts covering Cerner Corporation (CERN) have an average price target of $67 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 $5.99 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Raymond James downgrades its rating on Cerner Corporation (NASDAQ:CERN). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 5, 2016.


Cerner Corporation (NASDAQ:CERN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.69 and $62.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.30, notching a gain of 7.02% for the day. The total traded volume was 7,634,836 . The stock had closed at $61.95 on the previous day.

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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