Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $69.4200 on Cerner Corporation (NASDAQ:CERN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.3600 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Cerner Corporation (NASDAQ:CERN) stands at 36.8740.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Cerner Corporation, the PEG ratio for coming 3-5 years is 1.7800.
The technical analysis highlights that Cerner Corporation current is trading $6.1715 points away or +10.1212% from its 50-day moving average of $60.9760. Further it is trading $10.8630 or +19.3002% away its 200-day moving average of $56.2845.
The 52-week high of Cerner Corporation (NASDAQ:CERN) was $68.3100 while lowest point recorded in 52-week was $49.5900. It implies if stock price makes a movement of over $-1.1625, it will record a new 52-week high. In the case of +35.4053% drop, it will touch a new 52-week low.
1 Chart Pattern Every Investor Should Know