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Research analysts at Citigroup Inc. started coverage on shares of Premier (NASDAQ:PINC) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.

Premier (NASDAQ:PINC) opened at 35.01 on Tuesday. Premier has a one year low of $29.30 and a one year high of $38.87. The stock’s 50-day moving average is $36.02 and its 200-day moving average is $33.87. The company’s market cap is $1.133 billion. Premier also was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 766,555 shares, a decrease of 29.5% from the January 15th total of 1,087,881 shares. Currently, 2.4% of the company’s shares are short sold. Based on an average daily volume of 147,914 shares, the days-to-cover ratio is presently 5.2 days.

Premier (NASDAQ:PINC) last announced its earnings results on Thursday, February 13th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.01. The company had revenue of $208.90 million for the quarter, compared to the consensus estimate of $208.64 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts expect that Premier will post $1.28 EPS for the current fiscal year.

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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