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S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Regime Change At Federal Reserve? (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
Regime Change At Federal Reserve? (Ad)
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Regime Change At Federal Reserve? (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
Regime Change At Federal Reserve? (Ad)
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Regime Change At Federal Reserve? (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
Regime Change At Federal Reserve? (Ad)
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts

Premier Stock Price, News & Analysis (NASDAQ:PINC)

$21.14
+0.27 (+1.29%)
(As of 12/4/2023 ET)
Compare
Today's Range
$20.77
$21.17
50-Day Range
$19.01
$21.99
52-Week Range
$18.89
$35.57
Volume
794,699 shs
Average Volume
987,093 shs
Market Capitalization
$2.52 billion
P/E Ratio
14.28
Dividend Yield
3.97%
Price Target
$27.50

Premier MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
30.1% Upside
$27.50 Price Target
Short Interest
Healthy
3.96% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.54mentions of Premier in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.54%
From $1.86 to $1.87 Per Share

Overall MarketRank

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

2.56 out of 5 stars

Medical Sector

91st out of 952 stocks

Management Services Industry

2nd out of 4 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

Piper Sandler Reaffirms Their Hold Rating on Premier (PINC)
U.S. Military Defense Fails Without Vanadium?
The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.
U.S. Military Defense Fails Without Vanadium?
The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.
Luton Town Makes ‘Experts’ Eat Their Words
Premier Stocks To Own As AI Quickly Reshapes Our Future
Q1 2024 Premier Inc Earnings Call
Body Vision Medical Awarded Agreement with Premier, Inc.
See More Headlines
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Company Calendar

Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Last Earnings
11/07/2023
Ex-Dividend for 12/15 Dividend
11/30/2023
Today
12/05/2023
Dividend Payable
12/15/2023
Next Earnings (Estimated)
2/06/2024
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 Target
$27.50
High Stock Price Target
$42.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+30.1%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$175.03 million
Pretax Margin
18.24%

Debt

Sales & Book Value

Annual Sales
$1.34 billion
Cash Flow
$3.56 per share
Book Value
$19.59 per share

Miscellaneous

Free Float
118,158,000
Market Cap
$2.52 billion
Optionable
Optionable
Beta
0.38
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PINC Stock Analysis - 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 target for 2024?

10 analysts have issued 12-month price objectives for Premier's shares. Their PINC share price targets range from $21.00 to $42.00. On average, they expect the company's stock price to reach $27.50 in the next year. This suggests a possible upside of 30.1% 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 shares have decreased by 39.6% and is now trading at $21.14.
View the best growth stocks for 2023 here
.

When is Premier's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our PINC earnings forecast
.

How were Premier's earnings last quarter?

Premier, Inc. (NASDAQ:PINC) released its quarterly earnings results on Tuesday, November, 7th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. The business had revenue of $318.75 million for the quarter, compared to the consensus estimate of $303.43 million. Premier had a trailing twelve-month return on equity of 12.48% and a net margin of 13.20%.

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

Premier announced a quarterly dividend on Thursday, October 26th. Shareholders of record on Friday, December 1st will be given a dividend of $0.21 per share on Friday, December 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, November 30th.
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 4.02%. 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 56.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINC will have a dividend payout ratio of 44.92% 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).

Who are Premier's major shareholders?

Premier's stock is owned by many different institutional and retail investors. Top institutional investors include Morgan Stanley (2.84%), AQR Capital Management LLC (1.24%), Charles Schwab Investment Management Inc. (1.08%), Allspring Global Investments Holdings LLC (1.07%), Bank of New York Mellon Corp (1.04%) and Fort Washington Investment Advisors Inc. OH (0.91%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:PINC) was last updated on 12/5/2023 by MarketBeat.com Staff

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