Premier, Inc. (NASDAQ:PINC) Receives Average Rating of “Hold” from Analysts

Premier, Inc. (NASDAQ:PINCGet Free Report) has received an average recommendation of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $25.15.

A number of brokerages recently commented on PINC. StockNews.com downgraded shares of Premier from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. SVB Leerink initiated coverage on shares of Premier in a research report on Monday, February 26th. They issued a “market perform” rating and a $22.50 price target for the company. Leerink Partnrs reissued a “market perform” rating on shares of Premier in a research report on Monday, February 26th. Finally, Barclays initiated coverage on shares of Premier in a research report on Wednesday, January 3rd. They issued an “equal weight” rating and a $22.00 price target for the company.

View Our Latest Report on PINC

Premier Stock Performance

Shares of PINC stock opened at $21.37 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $21.43 and a 200 day moving average price of $21.23. The company has a market cap of $2.56 billion, a P/E ratio of 15.37, a PEG ratio of 5.62 and a beta of 0.38. Premier has a 12 month low of $18.89 and a 12 month high of $33.58.

Premier (NASDAQ:PINCGet Free Report) last issued its earnings results on Monday, February 5th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $334.75 million during the quarter, compared to the consensus estimate of $338.55 million. Premier had a net margin of 12.71% and a return on equity of 11.60%. Sell-side analysts predict that Premier will post 1.95 earnings per share for the current fiscal year.

Premier Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.93%. Premier’s payout ratio is 60.43%.

Institutional Investors Weigh In On Premier

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Premier by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 14,213,088 shares of the company’s stock worth $317,805,000 after purchasing an additional 199,702 shares in the last quarter. BlackRock Inc. raised its holdings in Premier by 2.2% during the first quarter. BlackRock Inc. now owns 6,117,044 shares of the company’s stock worth $198,009,000 after purchasing an additional 133,598 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Premier by 65.8% during the fourth quarter. Pacer Advisors Inc. now owns 5,609,924 shares of the company’s stock worth $125,438,000 after purchasing an additional 2,225,828 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Premier by 2.4% during the fourth quarter. Mackenzie Financial Corp now owns 5,539,951 shares of the company’s stock worth $193,787,000 after purchasing an additional 130,946 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Premier by 11.4% during the third quarter. Morgan Stanley now owns 3,388,977 shares of the company’s stock worth $72,863,000 after purchasing an additional 347,158 shares in the last quarter. 74.41% of the stock is owned by hedge funds and other institutional investors.

Premier Company Profile

(Get Free Report

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.

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Analyst Recommendations for Premier (NASDAQ:PINC)

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