Stock To Watch: Cerner Corporation (NASDAQ:CERN)


The leading market experts have placed a mean price target of $65.18 on Cerner Corporation (NASDAQ:CERN) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.61 a share for the upcoming quarter and $2.35 for the current fiscal. Technical View The technical analysis of Cerner Corporation plainly substantiates that the 50-day moving average of Cerner Corporation is $57.66, and stock is hovering 4.29 or +7.45% distant from $57.66. It is noted that the 200-day MA is $55.65, and Cerner Corporation stock is $6.30 or +11.32% off from this point. Cerner Corporation (NASDAQ:CERN) 52-week high is $75.00 and the 52-week low is $49.59. This explains if the stock moves $-13.05, it will post a 52-week high. In event of $+24.92% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Cerner Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Cerner Corporation (NASDAQ:CERN) ratio came in at 37.55. The stock last ended the trading session at $61.95 and registered a market cap of $20.94B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Cerner Corporation (NASDAQ:CERN) PEG ratio is at 1.64.

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