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Zacks Investment Research downgraded Cerner Corporation (NASDAQ:CERN) to Hold in a report released today.

Yesterday Cerner Corporation (NASDAQ:CERN) traded -0.47% lower at $60.66. The company’s 50-day moving average is $62.56 and its 200-day moving average is $59.39. The last stock close price is up 2.15% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,033,464 shares of the stock were exchanged, down from an average trading volume of 1,721,310

Zacks Investment Research has downgraded Cerner Corporation (NASDAQ:CERN) to Hold in a report released on Monday October 17, 2016.

Previously on 10/04/2016, Zacks Investment Research reported about Cerner Corporation (NASDAQ:CERN) raised the target price from $0.00 to $69.00. At the time, this indicated a possible upside of 0.13%.

See Chart Below

Cerner Corporation (NASDAQ:CERN)

Cerner Corporation has a 52 week low of $49.59 and a 52 week high of $68.31 with a P/E ratio of 33.31 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 21 firms have reported on the stock. The consensus target price is $64.05 with 12 firms rating the stock a strong buy, 8 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About 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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