Cerner Corp Gets a Buy Rating from Cantor Fitzgerald

By Austin Angelo

Cantor Fitzgerald analyst Steven Halper reiterated a Buy rating on Cerner Corp (NASDAQ: CERN) today and set a price target of $80. The company’s shares opened today at $63.

Halper wrote:

“Various news outlets are suggesting that President Trump will soon replace VA Secretary David Shulkin.”

According to, Halper is a 5-star analyst with an average return of 16.3% and a 66.4% success rate. Halper covers the Services sector, focusing on stocks such as AmerisourceBergen Corporation, Walgreens Boots Alliance, and WellCare Health Plans.

Currently, the analyst consensus on Cerner Corp is Moderate Buy and the average price target is $74.78, representing a 18.7% upside.

In a report issued on February 27, Merrill Lynch also maintained a Buy rating on the stock with a $75 price target.

Based on Cerner Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.31 billion and quarterly net profit of $337 million. In comparison, last year the company earned revenue of $1.26 billion and had a net profit of $150 million.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Last month, Jeffrey Townsend, the Exec. VP & Chief of Staff of CERN sold 230,000 shares for a total of $14,246,200.

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Cerner Corp. designs, develops, markets, installs, hosts and supports health care information technology, health care devices, hardware and content solutions for health care organizations and consumers. It also provides value-added services, including implementation and training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs and third party administrator services for employer-based health plans. It operates through Domestic and Global segments. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The Global segment includes revenue contributions and expenditures linked to business activity in Argentina, Aruba, Australia, Austria, Canada, Cayman Islands, Chile, China, Egypt, England, France, Germany, Guam, India, Ireland, Italy, Japan, Malaysia, Mexico, Morocco, Puerto Rico, Qatar, Saudi Arabia, Singapore, Spain, Sweden, Switzerland and the United Arab Emirates. The company was founded by Neal L. Patterson, Clifford W. Illig and Paul N. Gorup in 1979 and is headquartered in North Kansas City, MO.