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Jefferies Group initiated coverage on shares of Premier (NASDAQ:PINC) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $36.00 price target on the stock. Jefferies Group’s price objective suggests a potential upside of 25.96% from the company’s current price.

The analysts wrote, “We recommend buying PINC, one of the best-positioned informatics vendors, to capitalize on the ongoing shift to population health management (PHM). Its unique client alignment, large client base, access to vast amounts of data, and integrated solutions set it apart from peers. Premier helps providers deliver higher-quality care at reduced costs. Demand for its solutions should grow as HC reform progresses and the profitability pressures on providers intensify.”

Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. upgraded shares of Premier from a “neutral” rating to a “buy” rating in a research note on Thursday, May 29th. They now have a $37.00 price target on the stock, up previously from $33.00. Separately, analysts at Raymond James upgraded shares of Premier from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $34.60.

Shares of Premier (NASDAQ:PINC) traded up 1.47% during mid-day trading on Wednesday, hitting $28.96. The stock had a trading volume of 76,825 shares. Premier has a 52-week low of $26.52 and a 52-week high of $38.87. The stock’s 50-day moving average is $29.10 and its 200-day moving average is $32.86. The company’s market cap is $937.6 million.

Premier (NASDAQ:PINC) last released its earnings data on Monday, May 12th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ 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. Premier’s revenue was up .8% compared to the same quarter last year. On average, analysts predict that Premier will post $1.26 earnings per share 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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