UBS Maintains a 'Neutral' on Cerner (CERN); Raising PT on Stronger Model
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Price: $94.92 --0%
Rating Summary:
8 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Cerner (NASDAQ: CERN) price target raised from $68 to $80.
UBS analyst said, "CERN has outperformed both the market and healthcare sector year to date, due in part to exceptional 4Q11 bookings and investor excitement around innovations unveiled at HIMSS. CERN currently trades at 28.1x 2013e consensus EPS vs. HCIT group at 22.6x. While we think a premium is warranted, the 24% spread is near the high end of the range over the last few years. As such, we await a possible pullback in shares to potentially consider a better entry point in to the name."
Sees FY12 EPS at $2.30 and FY13 at $2.75.
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 $76.61 yesterday.
UBS analyst said, "CERN has outperformed both the market and healthcare sector year to date, due in part to exceptional 4Q11 bookings and investor excitement around innovations unveiled at HIMSS. CERN currently trades at 28.1x 2013e consensus EPS vs. HCIT group at 22.6x. While we think a premium is warranted, the 24% spread is near the high end of the range over the last few years. As such, we await a possible pullback in shares to potentially consider a better entry point in to the name."
Sees FY12 EPS at $2.30 and FY13 at $2.75.
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 $76.61 yesterday.
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