Cerner Corporation [NASDAQ: CERN] stock went on an upward path that rose over 0.24% on Wednesday, amounting to a one-week price increase of more than 0.61%. The company report on May 3, 2022 that CERNER REPORTS FIRST QUARTER 2022 RESULTS.
Margin Expansion Drives Strong Earnings Growth.
Cerner Corporation (Nasdaq: CERN) today announced results for the 2022 first quarter that ended March 31, 2022.
Over the last 12 months, CERN stock rose by 26.50%. The one-year Cerner Corporation stock forecast points to a potential downside of -1.6. The average equity rating for CERN stock is currently 2.60, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $27.79 billion, with 293.32 million shares outstanding. Compared to the average trading volume of 3.04M shares, CERN stock reached a trading volume of 4224857 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $92.88 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 2.60. 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.
Argus have made an estimate for Cerner Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 11, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $77 to $85. The new note on the price target was released on December 20, 2021, representing the official price target for Cerner Corporation stock. Previously, the target price had yet another raise to $82, while Robert W. Baird analysts kept a Neutral rating on CERN stock. On April 29, 2021, analysts decreased their price target for CERN shares from 79 to 74.
The Average True Range (ATR) for Cerner Corporation is set at 0.31, with the Price to Sales ratio for CERN stock in the period of the last 12 months amounting to 4.82. The Price to Book ratio for the last quarter was 7.52, with the Price to Cash per share for the same quarter was set at 2.86. Price to Free Cash Flow for CERN in the course of the last twelve months was 22.88 with Quick ratio for the last quarter at 1.50.
CERN Stock Performance Analysis:
Cerner Corporation [CERN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.61. With this latest performance, CERN shares gained by 1.16% in over the last four-week period, additionally plugging by 23.09% over the last 6 months – not to mention a rise of 26.50% 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 69.40, with the RSI for the last a single of trading hit 74.49, and the three-weeks RSI is set at 66.85 for Cerner Corporation [CERN]. The present Moving Average for the last 50 days of trading for this stock 93.48, while it was recorded at 93.95 for the last single week of trading, and 83.39 for the last 200 days.
Insight into Cerner Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Cerner Corporation [CERN] shares currently have an operating margin of +17.22 and a Gross Margin at +77.01. Cerner Corporation’s Net Margin is presently recorded at +9.64.
Return on Equity for this stock inclined to 13.61, with Return on Assets sitting at 7.43.
Cerner Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.
CERN Stock EPS
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 13.52%.
Cerner Corporation [CERN] Insider Position Details
There are presently around $22,609 million, or 83.90% of CERN stock, in the hands of institutional investors. The top three institutional holders of CERN stocks are: VANGUARD GROUP INC with ownership of 31,586,238, which is approximately -0.166% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 24,425,920 shares of the stock with an approximate value of $2.3 billion in CERN stocks shares; and STATE STREET CORP, currently with $1.35 billion in CERN stock with ownership of nearly 2.565% of the company’s market capitalization.
Positions in Cerner Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 352 institutional holders increased their position in Cerner Corporation [NASDAQ:CERN] by around 36,211,445 shares. Additionally, 474 investors decreased positions by around 54,038,397 shares, while 107 investors held positions by with 149,910,395 shares. The mentioned changes placed institutional holdings at 240,160,237 shares, according to the latest SEC report filing. CERN stock had 137 new institutional investments in for a total of 18,307,757 shares, while 134 institutional investors sold positions of 8,346,359 shares during the same period.