Citigroup Maintains Cerner Corporation to Buy with Price Target $73.00

Brokerage firm Citigroup Maintains its rating on Cerner Corporation(NASDAQ:CERN). In a research note issued to the investors, the brokerage major Raises the price-target to $73.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Aug 3, 2016.

In a different note, 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 Jul 5, 2016, Raymond James said it Downgrades its rating on Cerner Corporation. The shares have been rated ‘Market Perform’ by the firm. On Jun 23, 2016, SunTrust Robinson Humphrey said it Upgrades its rating on Cerner Corporation. The shares have been rated ‘Buy’ by the firm.

Cerner Corporation (CERN) shares turned negative on Fridays trading session with the shares closing down -0.61 points or -0.91% at a volume of 20,80,359. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $66.98. The peak price level was also seen at $66.98 while the days lowest was $66.18. Finally the shares closed at $66.45. The 52-week high of the shares is $68.31 while the 52-week low is $49.59. According to the latest information available, the market cap of the company is $22,441 M.

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 Jun 3, 2016, William D Zollars (director) sold 9,000 shares at $55.72 per share price.Also, On May 23, 2016, Linda M Dillman (director) sold 3,700 shares at $54.46 per share price.On May 13, 2016, Neal L Patterson (Chairman and CEO) sold 40,000 shares at $54.24 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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