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NASDAQ:PINC

Premier (PINC) Stock Forecast, Price & News

$20.80
-0.40 (-1.89%)
(As of 10/3/2023 ET)
Compare
Today's Range
$20.70
$21.15
50-Day Range
$20.80
$28.07
52-Week Range
$20.70
$35.57
Volume
1.29 million shs
Average Volume
3.50 million shs
Market Capitalization
$2.48 billion
P/E Ratio
14.15
Dividend Yield
4.04%
Price Target
$29.64

Premier MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
42.5% Upside
$29.64 Price Target
Short Interest
Healthy
2.17% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.63mentions of Premier in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
24.43%
From $2.21 to $2.75 Per Share

Overall MarketRank

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

3.17 out of 5 stars

Medical Sector

15th out of 966 stocks

Management Services Industry

1st out of 5 stocks


PINC stock logo

About Premier (NASDAQ:PINC) Stock

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. This segment also provides the ASCENDrive programs for members to receive group purchasing programs, tiers, and prices; SURPASS Performance Group services; and STOCKD, an e-commerce platform, as well as direct sourcing business; SaaS informatics products; supply chain co-management services; purchased services contracts; direct sourcing solutions; and supply chain resiliency programs. The Performance Services segment provides technology and services platform with offerings that help optimize performance in three main areas, including clinical intelligence, margin improvement, and value-based care under the PINC AI brand; third party administrator services and management of health benefit programs under the Contigo Health brand; and digital invoicing and payables services that offers financial support services to healthcare product suppliers and service providers under the Remitra brand. The company was incorporated in 2013 and is based in Charlotte, North Carolina.

PINC Price History

PINC Stock News Headlines

Premier Inc - Ordinary Shares - Class A
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Premier, Inc. (PINC) Interactive Stock Chart - Yahoo Finance
Premier Analysts Lower Their Forecasts After Q4 Results
Fee Share Pressure To Impact Premier's Growth, Analyst Cautions
See More Headlines
Receive PINC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Premier and its competitors with MarketBeat's FREE daily newsletter.

PINC Company Calendar

Last Earnings
8/22/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
10/04/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Management services
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:PINC
Fax
N/A
Employees
2,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.64
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+42.5%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$175.03 million
Pretax Margin
18.71%

Debt

Sales & Book Value

Annual Sales
$1.34 billion
Cash Flow
$3.45 per share
Book Value
$19.59 per share

Miscellaneous

Free Float
118,253,000
Market Cap
$2.48 billion
Optionable
Optionable
Beta
0.32
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Key Executives

  • Mr. Michael J. Alkire (Age 60)
    Pres, CEO & Director
    Comp: $2.87M
  • Mr. Craig Steven McKassonMr. Craig Steven McKasson (Age 56)
    Chief Admin. Officer, CFO, Sr. VP & Treasurer
    Comp: $1.62M
  • Mr. David L. Klatsky J.D.Mr. David L. Klatsky J.D. (Age 61)
    Gen. Counsel
    Comp: $1.02M
  • Mr. Leigh T. AndersonMr. Leigh T. Anderson (Age 56)
    Pres of Performance Services
    Comp: $1.03M
  • Ms. Crystal Climer
    Chief Accounting Officer
  • Ben Krasinski
    Director of Investor Relations
  • Ms. Kaycee Kalpin
    Chief Marketing Officer
  • Mr. Andy Brailo
    Chief Customer Officer
  • Ms. Laurie Graham
    Chief of Staff
  • Mr. Joseph Machicote
    Chief Diversity & Inclusion Officer













PINC Stock - Frequently Asked Questions

Should I buy or sell Premier stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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?

10 brokerages have issued twelve-month price targets for Premier's stock. Their PINC share price forecasts range from $24.00 to $42.00. On average, they predict the company's share price to reach $29.64 in the next year. This suggests a possible upside of 42.5% 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 start of the year. Since then, PINC stock has decreased by 40.5% and is now trading at $20.80.
View the best growth stocks for 2023 here
.

Are investors shorting Premier?

Premier saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,550,000 shares, an increase of 21.4% from the August 31st total of 2,100,000 shares. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.2% of the shares of the company 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, November 7th 2023.
View our PINC earnings forecast
.

How were Premier's earnings last quarter?

Premier, Inc. (NASDAQ:PINC) issued its quarterly earnings results on Tuesday, August, 22nd. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.02. The company earned $340.40 million during the quarter, compared to analyst estimates of $355.59 million. Premier had a net margin of 13.10% and a trailing twelve-month return on equity of 12.45%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share.

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

Premier declared a quarterly dividend on Thursday, August 10th. Stockholders of record on Friday, September 1st will be given a dividend of $0.21 per share on Friday, September 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Thursday, August 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 3.96%. PINC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 57.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINC will have a dividend payout ratio of 30.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PINC.

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."

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 $20.80.

How much money does Premier make?

Premier (NASDAQ:PINC) has a market capitalization of $2.48 billion and generates $1.34 billion in revenue each year. The company earns $175.03 million in net income (profit) each year or $1.47 on an earnings per share basis.

How many employees does Premier have?

The company employs 2,800 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 10/4/2023 by MarketBeat.com Staff

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