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Leerink Swann announced Cerner Corporation (NASDAQ:CERN), dropping its stock price target to $50.00 today

Just yesterday Cerner Corporation (NASDAQ:CERN) traded 0.02% higher at $49.78. Cerner Corporation’s 50-day moving average is $55.06 and its 200-day moving average is $59.05. The last closing price is down -15.70% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 0 shares of CERN traded hands, down from an average trading volume of 2,684,180

In a statement issued on 12/01/2016 Leerink Swann lowered the target price of Cerner Corporation (NASDAQ:CERN) from $65.00 to $50.00 indicating a possible upside of 0.00%.

Recent Performance Chart

Cerner Corporation (NASDAQ:CERN)

Cerner Corporation has 52 week low of $48.04 and a 52 week high of $67.50 with a PE ratio of 26.32 and has a market capitalization of $0.

In addition to Leerink Swann reporting its stock price target, a total of 21 brokers have issued a research note on the company. The average stock price target is $64.05 with 12 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Cerner Corporation (NASDAQ:CERN)

Cerner Corporation is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. Its segments include Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Belgium, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. It offers software, hardware, professional and managed services. Its solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include Cerner ITWorks, Cerner RevWorks, PowerWorks and CommunityWorks, among others.

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