Cerner (CERN): Growth Slowing, Multiple Likely To Follow - UBS

November 2, 2016 8:43 AM EDT
Get Alerts CERN Hot Sheet
Price: $47.85 -0.27%

Rating Summary:
    21 Buy, 13 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
Trade CERN Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

UBS analyst, Michael Cherny, reiterated his Neutral rating on shares of Cerner (NASDAQ: CERN) but cut his price target to $60 from $66 after growth moderated as near term, 3Q’16 results were below expectation and longer term, the midpoint of preliminary 2017 revenue/EPS guidance was soft vs. consensus.

As the company faces the law of large numbers, multiples are likely to compress but the new PT equates to ~23x our FY17 EPS.

For an analyst ratings summary and ratings history on Cerner click here. For more ratings news on Cerner click here.

Shares of Cerner closed at $57.34 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change, Earnings

Related Entities

UBS

Add Your Comment