In a report released yesterday, Steven Valiquette from Barclays maintained a Hold rating on Cerner Corp (CERN), with a price target of $68. The company’s shares closed yesterday at $62.97.
According to TipRanks.com, Valiquette is a 4-star analyst with an average return of 4.8% and a 49.5% success rate. Valiquette covers the Services sector, focusing on stocks such as AmerisourceBergen Corporation, Walgreens Boots Alliance, and Patterson Companies Inc.
Cerner Corp has an analyst consensus of Moderate Buy, with a price target consensus of $69.29.
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Cerner Corp’s market cap is currently $20.42B and has a P/E ratio of 33.14. The company has a Price to Book ratio of 4.14.
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Cerner Corp. designs, develops, markets, installs, hosts and supports health care information technology, health care devices, hardware and content solutions for health care organizations and consumers. The company also provides value-added services, including implementation & training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs and third party administrator services for employer-based health plans. It operates through the following segments: Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The Global segment includes revenue contributions and expenditures linked to business activity in Aruba, Australia, Austria, the Bahamas, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Kuwait, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. The company was founded by Neal L. Patterson, Clifford W. Illig and Paul N. Gorup in 1979 and is headquartered in North Kansas City, MO.