ISI Group Initiates Coverage on Premier (PINC)
Stock analysts at ISI Group assumed coverage on shares of Premier (NASDAQ:PINC) in a report issued on Tuesday, AnalystRatingsNetwork reports. The firm set a “neutral” rating and a $33.50 price target on the stock. ISI Group’s target price indicates a potential upside of 8.10% from the stock’s previous close.
Shares of Premier (NASDAQ:PINC) opened at 30.99 on Tuesday. Premier has a 1-year low of $29.30 and a 1-year high of $32.99. The stock has a 50-day moving average of $31.08 and a 200-day moving average of $31.08. The company has a market cap of $872.4 million and a P/E ratio of 5.47.
In other Premier news, CEO Susan D. Devore bought 15,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was purchased at an average cost of $27.00 per share, for a total transaction of $405,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Premier, Inc is a collaborative healthcare alliance of approximately 2,900 the United States community hospitals and 100,000 alternate sites.
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