Analyst Rating Update on Cerner Corporation (CERN)

Cerner Corporation (NASDAQ:CERN) has an average broker rating of 1.19, which is interpreted as a Strong Buy, as rated by 21 equity analysts. Nonetheless, 18 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Cerner Corporation (NASDAQ:CERN) : Average target price received by Cerner Corporation (NASDAQ:CERN) is $66.38 with an expected standard deviation of $6.3. The most aggressive target on the stock is $77, whereas the most downbeat target is $55. 16 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the SunTrust Robinson Humphrey upgrades the rating on Cerner Corporation (NASDAQ:CERN). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 23, 2016.

Cerner Corporation (NASDAQ:CERN): stock turned positive on Tuesday. Though the stock opened at $54.04, the bulls momentum made the stock top out at $55.2 level for the day. The stock recorded a low of $53.79 and closed the trading day at $55.08, in the green by 2.55%. The total traded volume for the day was 1,444,837. The stock had closed at $53.71 in the previous days trading.

In an insider trading activity, The director, of Cerner Corp /Mo/, Zollars William D had unloaded 9,000 shares at $55.72 per share in a transaction on June 1, 2016. The total value of transaction was $501,480. The Insider information was revealed by 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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