Analyst Revises Cerner Corporation (NASDAQ:CERN) Stock Target


Cerner Corporation (NASDAQ:CERN) mean price target has been set at $65.610 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.610 in the near-term quarter and $2.350 for the ongoing fiscal. The market cap of Cerner Corporation was recorded at $20.89B after the stock closed at $61.785 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Cerner Corporation (NASDAQ:CERN) has a P/E ratio of 37.445. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Cerner Corporation (NASDAQ:CERN) PEG ratio sits at 1.650. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Cerner Corporation visibly illustrates that the 50-day MA of Cerner Corporation is $58.687, and stock is trading 3.098 or +5.278% distant from $58.687. The 200-day MA is $55.791, and this price is $5.994 or +10.744% off from current level. Cerner Corporation (NASDAQ:CERN) 52-week high is $71.280 and the 52-week low is $49.590. This represents that if the stock moves $-9.495 points up on the chart to make a 52-week high. But, if it declines $+24.592%, then the shares price can hit a new 52-week low.

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