Company Update: Cerner Corporation (NASDAQ:CERN) – Cerner to Hold 2016 Shareholder Meeting May 27

[GlobeNewswire] – KANSAS CITY, Mo., May 20, 2016– Cerner is hosting its annual Shareholder Meeting on May 27, 2016. The meeting will begin at 10 a.m. An audio webcast will be available on Cerner’ s website at www.cerner.com … Read more on this. Cerner Corporation (CERN) , currently valued at $18.22B, opened this morning at $53.64. Looking at today’s market, CERN one day range is $53.59 to $54.07 with a trailing 52-week range being $49.59 to $75.00. CERN shares are currently priced at 22.82x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.79x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $0.57 per share, which would be $0.05 better than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.35 would be a $0.24 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.21 Billion. If realized, that would be a 7.08% increase over the year-ago quarter. More recently, Goldman downgraded CERN from Buy to Neutral (Feb 23, 2016). Previously, RBC Capital Mkts upgraded CERN from Outperform to Top Pick. With the above information in mind, readers should note that the average price target is $64.05, which is 19.41% above where the stock opened this morning. See more in (NASDAQ:CERN) Similar Articles: Market Update: Cerner Corporation (NASDAQ:CERN) – Cerner to Release First Quarter 2016 Earnings Results May 5 Market Update: Cerner Corporation (NASDAQ:CERN) – Cerner (CERN) Stock Dips Following Q4 Results Company Update: Cerner Corporation (NASDAQ:CERN) – Cerner shares drop following outlook, earnings