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

November 2, 2016 8:43 AM EDT
Get Alerts CERN Hot Sheet
Price: $51.87 +0.45%

Rating Summary:
    21 Buy, 13 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade CERN Now!
Join SI Premium – FREE

Get the Pulse of the Market with's Pulse Picks. 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 Premium Free!

You May Also Be Interested In

Related Categories

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

Related Entities


Add Your Comment