Stock To Watch: Cerner Corporation (NASDAQ:CERN)


The leading market experts have placed a mean price target of $69.63 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 $0.65 a share for the upcoming quarter and $2.36 for the current fiscal.

Technical View

The technical analysis of Cerner Corporation plainly substantiates that the 50-day moving average of Cerner Corporation is $64.44, and stock is trading $0.61 points away or +0.94% from its 50-day moving average of $64.44. Further it is trading $7.48 or +12.99% away its 200-day moving average of $57.57. Cerner Corporation (NASDAQ:CERN) 52-week high is $68.31 and the 52-week low is $49.59.

This explains if the stock moves $-3.26, it will post a 52-week high. In event of +31.18% 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 35.72.

The stock last ended the trading session at $65.05 and registered a market cap of $21.97B. 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 1.73.

1 Chart Pattern Every Investor Should Know

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