Canaccord Genuity analyst Richard Close maintained a Buy rating on Cerner Corp (NASDAQ:CERN) on Wednesday, setting a price target of $81, which is approximately 14.67% above the present share price of $70.64.
Close expects Cerner Corp to post earnings per share (EPS) of $0.44 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Cerner, with an average price target of $78.83.
The analysts price targets range from a high of $88 to a low of $62.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.33 billion and a net profit of $146.9 million. The company's market cap is $21.57 billion.
According to TipRanks.com, Canaccord Genuity analyst Richard Close is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.2% and a 62.07% success rate.
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. The company also provides value-added services, including implementation & 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 the following segments: Domestic and International. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The International segment includes revenue contributions and expenditures linked to business activity in Aruba, Australia, Austria, the Bahamas, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Kuwait, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, 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.