Robert W. Baird analyst Matthew Gillmor reiterated a Buy rating on Cerner Corp (NASDAQ: CERN) yesterday and set a price target of $70. The company’s shares closed yesterday at $62.97.
According to TipRanks.com, Gillmor is a 5-star analyst with an average return of 16.0% and a 64.8% success rate. Gillmor covers the Services sector, focusing on stocks such as Encompass Health Corporation, Addus Homecare Corp, and Envision Healthcare.
Currently, the analyst consensus on Cerner Corp is a Moderate Buy with an average price target of $70.10, which is an 11.3% upside from current levels. In a report released yesterday, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $80 price target.
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Based on Cerner Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $160 million. In comparison, last year the company had a net profit of $180 million.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.
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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 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.
