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AMD   184.32 (+4.41%)
BABA   74.48 (-0.15%)
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GE   155.96 (+0.22%)
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Premier (PINC) Stock Price, News & Analysis

$20.72
-0.04 (-0.19%)
(As of 10:21 AM ET)
Today's Range
$20.72
$21.00
50-Day Range
$20.95
$22.76
52-Week Range
$18.89
$33.58
Volume
65,795 shs
Average Volume
1.27 million shs
Market Capitalization
$2.48 billion
P/E Ratio
14.91
Dividend Yield
4.05%
Price Target
$25.15

Premier MarketRank™ Stock Analysis

Analyst Rating
Hold
2.08 Rating Score
Upside/​Downside
19.9% Upside
$25.15 Price Target
Short Interest
Healthy
3.71% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.82mentions of Premier in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.12%
From $1.94 to $2.02 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.31 out of 5 stars

Medical Sector

382nd out of 958 stocks

Management Services Industry

4th out of 5 stocks


PINC stock logo

About Premier Stock (NASDAQ:PINC)

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 Stock Price History

PINC Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Premier (NASDAQ:PINC) Stock Rating Reaffirmed by Leerink Partnrs
Premier (NASDAQ:PINC) Coverage Initiated at SVB Leerink
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Premier Inc.
Premier Inc Initiates $400M Accelerated Share Repurchase
Piper Sandler Keeps Their Hold Rating on Premier (PINC)
See More Headlines
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Company Calendar

Ex-Dividend for 12/15 Dividend
11/30/2023
Dividend Payable
12/15/2023
Last Earnings
2/05/2024
Today
2/29/2024
Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$25.15
High Stock Price Target
$30.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+19.9%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
12 Analysts

Profitability

Net Income
$175.03 million
Pretax Margin
17.37%

Debt

Sales & Book Value

Annual Sales
$1.34 billion
Cash Flow
$3.46 per share
Book Value
$19.95 per share

Miscellaneous

Free Float
118,800,000
Market Cap
$2.51 billion
Optionable
Optionable
Beta
0.37
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PINC Stock Analysis - Frequently Asked Questions

Should I buy or sell Premier stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

12 analysts have issued 1 year price objectives for Premier's shares. Their PINC share price targets range from $21.00 to $30.00. On average, they predict the company's stock price to reach $25.15 in the next twelve months. This suggests a possible upside of 19.9% 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 2024?

Premier's stock was trading at $22.36 at the start of the year. Since then, PINC shares have decreased by 6.2% and is now trading at $20.97.
View the best growth stocks for 2024 here
.

When is Premier's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our PINC earnings forecast
.

How were Premier's earnings last quarter?

Premier, Inc. (NASDAQ:PINC) released its quarterly earnings data on Monday, February, 5th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $334.75 million for the quarter, compared to analyst estimates of $338.55 million. Premier had a net margin of 12.71% and a trailing twelve-month return on equity of 11.60%.

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

Premier declared a quarterly dividend on Thursday, January 25th. Investors of record on Friday, March 1st will be given a dividend of $0.21 per share on Friday, March 15th. This represents a $0.84 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, February 29th.
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 3.89%. The dividend payout ratio is 60.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINC will have a dividend payout ratio of 41.58% 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 updated its FY24 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of $2.06-2.18 for the period, compared to the consensus EPS estimate of $2.16. The company issued revenue guidance of $1.265-1.325 billion, compared to the consensus revenue estimate of $1.34 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).

Who are Premier's major shareholders?

Premier's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.93%), Pacer Advisors Inc. (4.71%), Dimensional Fund Advisors LP (3.46%), Norges Bank (1.92%), Goldman Sachs Group Inc. (1.78%) and Allspring Global Investments Holdings LLC (1.21%). Insiders that own company stock include Craig S Mckasson, Craig S Mckasson, David Alfred Hargraves, David L Klatsky and Leigh Anderson.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PINC) was last updated on 2/29/2024 by MarketBeat.com Staff