For Cerner Corporation [CERN], Analyst sees a drop to $74. What next?

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Cerner Corporation [NASDAQ: CERN] plunged by -$0.3 during the normal trading session on Friday and reaching a high of $72.30 during the day while it closed the day at $71.42. The company report on October 14, 2021 that Cerner to Release Third Quarter 2021 Earnings Results October 29.

Cerner Corporation (Nasdaq: CERN) announced it will release its third quarter 2021 earnings results before the market opens Friday, Oct. 29. Following the release, the company will hold a conference call at 8 a.m. CT that can be accessed via dial-in or webcast. On the call, Cerner will discuss its results and outlook and answer questions from the investment community. The call may also include discussion of Cerner developments and other material and forward-looking information about business and financial matters.


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The dial-in number for the conference call is (678) 509-7542; the passcode is Cerner. The company recommends joining the call 15 minutes early for registration. An audio webcast will be available live and archived on Cerner’s website in the Investor Relations section.

Cerner Corporation stock has also gained 0.49% of its value over the past 7 days. However, CERN stock has declined by -6.91% in the 3 months of the year. Over the past six months meanwhile, it has lost -4.37% and lost -9.00% year-on date.

The market cap for CERN stock reached $21.01 billion, with 300.74 million shares outstanding and 295.03 million shares in the current float. Compared to the average trading volume of 2.08M shares, CERN reached a trading volume of 5698612 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Cerner Corporation [CERN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CERN shares is $84.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CERN stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Cerner Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 29, 2021. The new note on the price target was released on February 11, 2021, representing the official price target for Cerner Corporation stock.

The Average True Range (ATR) for Cerner Corporation is set at 1.13, with the Price to Sales ratio for CERN stock in the period of the last 12 months amounting to 3.75. The Price to Book ratio for the last quarter was 5.33, with the Price to Cash per share for the same quarter was set at 3.01.

CERN stock trade performance evaluation

Cerner Corporation [CERN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.49. With this latest performance, CERN shares dropped by -3.51% in over the last four-week period, additionally sinking by -4.37% over the last 6 months – not to mention a drop of -3.17% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CERN stock in for the last two-week period is set at 42.45, with the RSI for the last a single of trading hit 49.02, and the three-weeks RSI is set at 39.85 for Cerner Corporation [CERN]. The present Moving Average for the last 50 days of trading for this stock 74.86, while it was recorded at 70.93 for the last single week of trading, and 76.15 for the last 200 days.

Cerner Corporation [CERN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Cerner Corporation [CERN] shares currently have an operating margin of +16.13 and a Gross Margin at +77.55. Cerner Corporation’s Net Margin is presently recorded at +14.17.

Return on Total Capital for CERN is now 15.66, given the latest momentum, and Return on Invested Capital for the company is 13.83. Return on Equity for this stock inclined to 17.91, with Return on Assets sitting at 10.89. When it comes to the capital structure of this company, Cerner Corporation [CERN] has a Total Debt to Total Equity ratio set at 32.48. Additionally, CERN Total Debt to Total Capital is recorded at 24.52, with Total Debt to Total Assets ending up at 19.36. Long-Term Debt to Equity for the company is recorded at 31.82, with the Long-Term Debt to Total Capital now at 24.02.

Reflecting on the efficiency of the workforce at the company, Cerner Corporation [CERN] managed to generate an average of $29,549 per employee. Receivables Turnover for the company is 4.77 with a Total Asset Turnover recorded at a value of 0.77.Cerner Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

Earnings per share (EPS) analysis for Cerner Corporation [CERN] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CERN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cerner Corporation go to 11.81%.

Cerner Corporation [CERN]: Insider Ownership positions

There are presently around $19,188 million, or 89.80% of CERN stock, in the hands of institutional investors. The top three institutional holders of CERN stocks are: VANGUARD GROUP INC with ownership of 31,866,816, which is approximately -2.216% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 23,951,730 shares of the stock with an approximate value of $1.71 billion in CERN stocks shares; and STATE STREET CORP, currently with $987.59 million in CERN stock with ownership of nearly 0.895% of the company’s market capitalization.

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Positions in Cerner Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 363 institutional holders increased their position in Cerner Corporation [NASDAQ:CERN] by around 36,337,734 shares. Additionally, 371 investors decreased positions by around 20,898,073 shares, while 123 investors held positions by with 211,433,558 shares. The mentioned changes placed institutional holdings at 268,669,365 shares, according to the latest SEC report filing. CERN stock had 78 new institutional investments in for a total of 4,019,007 shares, while 69 institutional investors sold positions of 3,656,641 shares during the same period.

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