Jefferies Remains a Buy on Cerner Corp

By Jason Carr

Jefferies analyst Biren Amin reiterated a Buy rating on Cerner Corp (NASDAQ: CERN) today and set a price target of $74. The company’s shares closed yesterday at $65.35, close to its 52-week high of $67.50.

According to, Amin is a 3-star analyst with an average return of 2.7% and a 46.7% success rate. Amin covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Stemline Therapeutics Inc, and Lion Biotechnologies Inc.

Cerner Corp has an analyst consensus of Moderate Buy, with a price target consensus of $67.22.

The company has a one year high of $67.50 and a one year low of $47.01. Currently, Cerner Corp has an average volume of 2.78M.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. Last month, Neal Patterson, the Chairman & CEO of CERN sold 43,000 shares for a total of $2,766,190.

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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 a wide range of 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. The company operates its business through two segments: Domestic and Global. 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. Cerner was founded by Neal L. Patterson, Clifford W. Illig and Paul N. Gorup in 1979 and is headquartered in North Kansas City, MO.