Bank of America Initiates Coverage on Cerner Corporation to Buy

Bank of America Initiates Coverage on Cerner Corporation(NASDAQ:CERN). The shares have been rated Buy. The rating by Bank of America was issued on Sep 19, 2016.

In a different note, On Sep 8, 2016, Cowen & Co. said it Downgrades its rating on Cerner Corporation. The shares have been rated ‘Market Perform’ by the firm. On Aug 31, 2016, Stifel Nicolaus said it Assumes its rating on Cerner Corporation. The shares have been rated ‘Hold’ by the firm. On Aug 3, 2016, Deutsche Bank said it Maintains its rating on Cerner Corporation. In the research note, the firm Lowers the price-target to $67.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 3, 2016, Citigroup said it Maintains its rating on Cerner Corporation. In the research note, the firm Raises the price-target to $65.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 3, 2016, Barclays said it Maintains its rating on Cerner Corporation. In the research note, the firm Raises the price-target to $55.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 5, 2016, Raymond James said it Downgrades its rating on Cerner Corporation. The shares have been rated ‘Market Perform’ by the firm.

Cerner Corporation (CERN) made into the market gainers list on Thursdays trading session with the shares advancing 0.98% or 0.61 points. Due to strong positive momentum, the stock ended at $62.98, which is also near the day’s high of $63.08. The stock began the session at $62.81 and the volume stood at 13,27,576 shares. The 52-week high of the shares is $68.31 and the 52 week low is $49.59. The company has a current market capitalization of $21,269 M and it has 33,77,09,270 shares in outstanding.

Cerner Corporation(CERN) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.22B. Analysts had an estimated revenue of $1.21B. Earnings per share were $0.58. Analysts had estimated an EPS of $0.57.

Several Insider Transactions has been reported to the SEC. On Sep 7, 2016, Linda M Dillman (director) sold 6,000 shares at $64.68 per share price.Also, On Aug 19, 2016, Clifford W Illig (Vice Chairman) sold 325,705 shares at $65.10 per share price.On Aug 12, 2016, Zane M Burke (President) sold 149,480 shares at $66.73 per share price, according to the Form-4 filing with the securities and exchange commission.

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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