In a report released today, Donald Hooker from KeyBanc maintained a Buy rating on Cerner Corp (NASDAQ: CERN), with a price target of $76. The company’s shares closed on Friday at $65.29.
According to TipRanks.com, Hooker is a 5-star analyst with an average return of 15.7% and a 75.2% success rate. Hooker covers the Services sector, focusing on stocks such as Quest Diagnostics Inc, PRA Health Sciences, and Charles River Labs.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cerner Corp with a $69.82 average price target.
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The company has a one-year high of $73.86 and a one-year low of $52.05. Currently, Cerner Corp has an average volume of 1.67M.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Michael Battaglioli, the VP & CAO of CERN sold 4,000 shares for a total of $268,080.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 and 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.
