Cerner Corporation (NASDAQ:CERN) a Buy: Deutsche Bank

In a research note issued to investors, George Hill at Deutsche Bank Reiterated their Buy rating on Cerner Corporation (NASDAQ:CERN). The analyst placed a $77.00 price target on the stock which indicates a 10.27% upside to the last closing price. In the year following George’s ratings, the stocks covered yield an average return of 10.2% according to TipRanks.com. In the past year 30 out of 39 recommendations or 77% were successful.

Cerner Corporation (NASDAQ:CERN) shares opened the most recent trading session at 69.89 and at the time of writing the last Bid was at 70.90. In the current trading session the stock reached as high as 71.03 and dipped down to 69.6901. Cerner Corporatio, a NasdaqNM listed company, has a current market cap of 24.238B and on average over the past 3 months has seen 1276310 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 66.1282. Based on a recent trade, this puts the equity at +7.22% away from that average. In comparing the stock’s current level to its extended history, the stock is trading +1.46% away from it’s 52-week high of 69.88 and +46.52% away from the stock’s low point over the past 52 weeks, which was 48.39. On a consensus basis, analysts have a one year target price of 73.35. The company last reported earnings per share of 1.50.

The consensus analyst estimates according to First Call for the next quarter is 0.52. The current year EPS estimate on the stock is 2.11 and the EPS estimate for next year sits at 2.53. In looking at the fundamentals, CERN has a P/E ratio of 46.55 and a price to book ratio of 6.69. The company’s Book Value is 10.431 and most recently reported EBITDA of 952.2M. The price compared to next year’s EPS estimate in the current year is 27.60.

Company Profile

Cerner Corporation (NASDAQ:CERN), is a healthcare information technology company. The Company offers a range of software, professional services, medical device integration, remote hosting and employer health and wellness services. It designs, develops, markets, installs, hosts and supports healthcare information technology, health care devices, hardware and content solutions for healthcare organizations and consumers. The Company also provides range of value-added services, including implementation and training, remote hosting, operational management services, revenue cycle services, support and maintenance, healthcare data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs and third-party administrator services for employer-based health plans. Cerner’s systems are used by individual consumers, single-doctor practices, hospitals, employers and entire countries.