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NASDAQ:PINC

Premier (PINC) Stock Forecast, Price & News

$26.07
+0.16 (+0.62%)
(As of 06/9/2023 ET)
Compare
Today's Range
$25.79
$26.22
50-Day Range
$25.00
$33.41
52-Week Range
$24.88
$38.98
Volume
468,985 shs
Average Volume
697,984 shs
Market Capitalization
$3.10 billion
P/E Ratio
16.93
Dividend Yield
3.22%
Price Target
$37.22

Premier MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
42.8% Upside
$37.22 Price Target
Short Interest
Healthy
1.48% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.09mentions of Premier in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.54%
From $2.34 to $2.61 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.96 out of 5 stars

Medical Sector

21st out of 986 stocks

Management Services Industry

1st out of 6 stocks


PINC stock logo

About Premier (NASDAQ:PINC) Stock

Premier, Inc. engages in the provision of healthcare improvement solutions. It operates through the Supply Chain Services and Performance Services segments. The Supply Chain Services segment includes healthcare group purchasing organization (GPO) programs in the United States, supply chain co-management, and direct sourcing activities. The Performance Services segment consists of informatics, collaborative, consulting services, direct-to-employer initiative, and insurance management services businesses. The company was founded on May 14, 2013 and is headquartered in Charlotte, NC.

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PINC Stock News Headlines

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Premier, Inc. (PINC) To Go Ex-Dividend on May 31st
Premier: Second Guidance Downgrade Is Telling
StockNews.com Initiates Coverage on Premier (NASDAQ:PINC)
Brokerages Set Premier, Inc. (NASDAQ:PINC) PT at $36.88
Premier (NASDAQ:PINC) Sees Strong Trading Volume
Premier (NASDAQ:PINC) Shares Gap Up to $26.44
See More Headlines

PINC Price History

PINC Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Ex-Dividend for 6/15 Dividend
5/31/2023
Today
6/09/2023
Dividend Payable
6/15/2023
Fiscal Year End
6/30/2023
Next Earnings (Estimated)
8/15/2023

Industry, Sector and Symbol

Industry
Management services
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:PINC
Fax
N/A
Employees
2,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$37.22
High Stock Price Forecast
$46.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+43.3%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$265.87 million
Pretax Margin
19.83%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$3.28 per share
Book Value
$19.05 per share

Miscellaneous

Free Float
118,161,000
Market Cap
$3.09 billion
Optionable
Optionable
Beta
0.29

Key Executives

  • Michael J. Alkire
    President, Chief Executive Officer & Director
  • Craig S. McKassonCraig S. McKasson
    SVP, Chief Financial & Administrative Officer
  • Terry Linn
    Senior VP-Corporate Development & Strategy
  • Leigh AndersonLeigh Anderson
    President-Performance Services
  • David Hargraves
    Senior Vice President-Supply Chain













PINC Stock - Frequently Asked Questions

Should I buy or sell Premier stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PINC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PINC, but not buy additional shares or sell existing shares.
View PINC analyst ratings
or view top-rated stocks.

What is Premier's stock price forecast for 2023?

7 Wall Street analysts have issued 12-month price objectives for Premier's stock. Their PINC share price forecasts range from $26.00 to $46.00. On average, they predict the company's share price to reach $37.22 in the next year. This suggests a possible upside of 43.3% from the stock's current price.
View analysts price targets for PINC
or view top-rated stocks among Wall Street analysts.

How have PINC shares performed in 2023?

Premier's stock was trading at $34.98 at the beginning of 2023. Since then, PINC stock has decreased by 25.7% and is now trading at $25.98.
View the best growth stocks for 2023 here
.

Are investors shorting Premier?

Premier saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,750,000 shares, a decline of 36.8% from the April 30th total of 2,770,000 shares. Based on an average trading volume of 713,400 shares, the short-interest ratio is currently 2.5 days. Currently, 1.5% of the shares of the stock are short sold.
View Premier's Short Interest
.

When is Premier's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023.
View our PINC earnings forecast
.

How were Premier's earnings last quarter?

Premier, Inc. (NASDAQ:PINC) released its quarterly earnings data on Tuesday, November, 2nd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.60 by $0.04. The firm earned $365.15 million during the quarter, compared to analyst estimates of $350.30 million. Premier had a net margin of 13.73% and a trailing twelve-month return on equity of 11.74%. During the same quarter in the prior year, the business earned $0.52 EPS.

How often does Premier pay dividends? What is the dividend yield for Premier?

Premier announced a quarterly dividend on Thursday, April 27th. Investors of record on Thursday, June 1st will be given a dividend of $0.21 per share on Thursday, June 15th. This represents a $0.84 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for PINC
.

Is Premier a good dividend stock?

Premier (NASDAQ:PINC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 3.25%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 54.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINC will have a dividend payout ratio of 32.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PINC.

What guidance has Premier issued on next quarter's earnings?

Premier issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $2.43-$2.55 for the period, compared to the consensus earnings per share estimate of $2.55. The company issued revenue guidance of $1.34 billion-$1.39 billion, compared to the consensus revenue estimate of $1.40 billion.

What is Susan DeVore's approval rating as Premier's CEO?

157 employees have rated Premier Chief Executive Officer Susan DeVore on Glassdoor.com. Susan DeVore has an approval rating of 63% among the company's employees. This puts Susan DeVore in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Premier own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Premier investors own include AbbVie (ABBV), Pfizer (PFE), QUALCOMM (QCOM), Energy Transfer (ET), AT&T (T), Alibaba Group (BABA), Cisco Systems (CSCO), Enterprise Products Partners (EPD), General Motors (GM) and Home Depot (HD).

What is Premier's stock symbol?

Premier trades on the NASDAQ under the ticker symbol "PINC."

Who are Premier's major shareholders?

Premier's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.15%), River Road Asset Management LLC (4.45%), Mackenzie Financial Corp (4.00%), Dimensional Fund Advisors LP (3.10%), Burgundy Asset Management Ltd. (2.72%) and First Trust Advisors LP (2.55%). Insiders that own company stock include Craig S Mckasson, Craig S Mckasson, David Alfred Hargraves, David L Klatsky, Leigh Anderson, Stephen R D'arcy and William E Mayer.
View institutional ownership trends
.

How do I buy shares of Premier?

Shares of PINC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Premier's stock price today?

One share of PINC stock can currently be purchased for approximately $25.98.

How much money does Premier make?

Premier (NASDAQ:PINC) has a market capitalization of $3.09 billion and generates $1.43 billion in revenue each year. The company earns $265.87 million in net income (profit) each year or $1.54 on an earnings per share basis.

How many employees does Premier have?

The company employs 2,600 workers across the globe.

How can I contact Premier?

Premier's mailing address is 13034 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC, 28277. The official website for the company is www.premierinc.com. The company can be reached via phone at (704) 357-0022 or via email at angie_mccabe@premierinc.com.

This page (NASDAQ:PINC) was last updated on 6/9/2023 by MarketBeat.com Staff

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