Brokerages Set Cerner Co. (NASDAQ:CERN) PT at $86.30

Shares of Cerner Co. (NASDAQ:CERN) have been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $86.30.

A number of research firms have issued reports on CERN. Morgan Stanley raised their price target on shares of Cerner from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 21st. Robert W. Baird began coverage on shares of Cerner in a report on Tuesday, November 16th. They set a “neutral” rating and a $82.00 target price for the company. Edward Jones cut shares of Cerner from a “buy” rating to a “hold” rating in a research note on Monday, December 20th. Royal Bank of Canada cut shares of Cerner from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $86.00 to $95.00 in a research note on Monday, December 20th. Finally, Zacks Investment Research raised shares of Cerner from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, December 6th.

Hedge funds have recently bought and sold shares of the company. Citigroup Inc. lifted its holdings in shares of Cerner by 132.2% during the second quarter. Citigroup Inc. now owns 829,449 shares of the company’s stock worth $64,830,000 after purchasing an additional 472,277 shares during the period. Atria Investments LLC raised its position in Cerner by 8.1% in the second quarter. Atria Investments LLC now owns 68,461 shares of the company’s stock worth $5,351,000 after acquiring an additional 5,114 shares in the last quarter. Aviva PLC increased its position in shares of Cerner by 7.6% in the second quarter. Aviva PLC now owns 128,129 shares of the company’s stock valued at $10,015,000 after buying an additional 9,017 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Cerner by 138.7% in the second quarter. BNP Paribas Arbitrage SA now owns 998,030 shares of the company’s stock valued at $78,006,000 after buying an additional 579,923 shares in the last quarter. Finally, Ethic Inc. increased its position in shares of Cerner by 4.2% in the second quarter. Ethic Inc. now owns 3,681 shares of the company’s stock valued at $288,000 after buying an additional 148 shares in the last quarter. 85.57% of the stock is owned by institutional investors and hedge funds.

NASDAQ CERN opened at $92.21 on Wednesday. Cerner has a one year low of $67.96 and a one year high of $93.44. The company has a market capitalization of $27.13 billion, a price-to-earnings ratio of 53.61, a price-to-earnings-growth ratio of 2.21 and a beta of 0.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.56 and a current ratio of 1.57. The company’s 50-day simple moving average is $81.67 and its two-hundred day simple moving average is $77.89.

Cerner (NASDAQ:CERN) last released its earnings results on Thursday, October 28th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Cerner had a net margin of 9.15% and a return on equity of 19.54%. Cerner’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. Equities analysts expect that Cerner will post 2.75 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 11th. Stockholders of record on Monday, December 27th were issued a $0.27 dividend. This is an increase from Cerner’s previous quarterly dividend of $0.22. This represents a $1.08 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Thursday, December 23rd. Cerner’s dividend payout ratio is presently 62.79%.

About Cerner

Cerner Corp. designs, develops, markets, installs, hosts and supports health care information technology, health care devices, hardware and content solutions for health care organizations and consumers. The company also provides value-added services, including implementation and training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employee wellness programs and third party administrator services for employer-based health plans.

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Analyst Recommendations for Cerner (NASDAQ:CERN)

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