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Premier (NASDAQ:PINC) was upgraded by Raymond James from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, StockRatingsNetwork reports.

A number of other firms have also recently commented on PINC. Analysts at Citigroup Inc. cut their price target on shares of Premier in a research note on Wednesday. Separately, analysts at SunTrust cut their price target on shares of Premier from $40.00 to $35.00 in a research note on Tuesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $33.33.

Shares of Premier (NASDAQ:PINC) traded down 0.82% on Thursday, hitting $26.70. 16,601 shares of the company’s stock traded hands. Premier has a 1-year low of $26.80 and a 1-year high of $38.87. The stock’s 50-day moving average is $31.0 and its 200-day moving average is $33.69. The company’s market cap is $864.4 million. Premier also saw a significant decline in short interest in April. As of April 30th, there was short interest totalling 547,495 shares, a decline of 26.4% from the April 15th total of 743,688 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 200,083 shares, the short-interest ratio is currently 2.7 days.

Premier (NASDAQ:PINC) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $225.60 million for the quarter, compared to the consensus estimate of $219.16 million. The company’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that Premier will post $1.27 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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