Premier (PINC) – Investment Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for Premier (NASDAQ: PINC):

  • 2/13/2018 – Premier is now covered by analysts at Cowen Inc. They set a “market perform” rating and a $35.00 price target on the stock.
  • 2/8/2018 – Premier had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $38.00 price target on the stock.
  • 2/8/2018 – Premier is now covered by analysts at Benchmark Co.. They set a “buy” rating and a $40.00 price target on the stock.
  • 2/7/2018 – Premier had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 2/6/2018 – Premier had its “outperform” rating reaffirmed by analysts at William Blair.
  • 1/23/2018 – Premier was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/18/2018 – Premier is now covered by analysts at Evercore ISI. They set an “in-line” rating and a $33.50 price target on the stock.
  • 1/11/2018 – Premier was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/10/2018 – Premier was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “Premier, Inc. operates as a healthcare alliance. The company brings together hospitals, health systems, physicians and other healthcare providers primarily in the United States. It also maintains clinical, financial and outcomes databases. Premier, Inc. is headquartered in Charlotte, North Carolina. “
  • 1/4/2018 – Premier is now covered by analysts at Citigroup Inc. They set a “neutral” rating on the stock.
  • 12/19/2017 – Premier had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $30.00 price target on the stock.

Shares of Premier Inc (NASDAQ PINC) opened at $31.44 on Thursday. Premier Inc has a twelve month low of $27.16 and a twelve month high of $36.50. The company has a market capitalization of $4,308.19, a P/E ratio of -9.64, a P/E/G ratio of 1.26 and a beta of 0.50. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of -0.01.

Premier (NASDAQ:PINC) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.02. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. The company had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $393.35 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. analysts expect that Premier Inc will post 2.11 EPS for the current year.

In other Premier news, Director Stephen R. D’arcy sold 3,967 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $31.72, for a total transaction of $125,833.24. Following the sale, the director now directly owns 11,233 shares of the company’s stock, valued at approximately $356,310.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 17.52% of the stock is owned by insiders.

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.

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