William Blair Initiates Coverage on Premier (PINC)
Investment analysts at William Blair began coverage on shares of Premier (NASDAQ:PINC) in a note issued to investors on Monday, American Banking News.com reports. The firm set an “outperform” rating on the stock.
Premier (NASDAQ:PINC) opened at 31.835 on Monday. Premier has a one year low of $29.30 and a one year high of $32.99. The stock’s 50-day moving average is $30.96 and its 200-day moving average is $30.96. The company has a market cap of $896.2 million and a P/E ratio of 5.59.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. initiated coverage on shares of Premier in a research note to investors on Monday. They set a “buy” rating on the stock. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of Premier in a research note to investors on Monday. They set an “outperform” rating on the stock. Finally, analysts at Piper Jaffray Cos. initiated coverage on shares of Premier in a research note to investors on Monday. They set a “neutral” rating and a $30.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Premier has a consensus rating of “Buy” and an average price target of $31.75.
Premier, Inc is a collaborative healthcare alliance of approximately 2,900 the United States community hospitals and 100,000 alternate sites.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.