Premier (PINC) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 1 sell rating, 6 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.

10 equities research analysts have issued 12-month price objectives for Premier's stock. Their PINC share price forecasts range from $24.00 to $42.00. On average, they anticipate the company's stock price to reach $29.64 in the next year. This suggests a possible upside of 36.1% from the stock's current price.
View analysts price targets for PINC or view top-rated stocks among Wall Street analysts.

Premier's stock was trading at $34.98 on January 1st, 2023. Since then, PINC shares have decreased by 37.8% and is now trading at $21.77.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our PINC earnings forecast.

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

Premier announced a quarterly dividend on Thursday, August 10th. Investors 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 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for PINC.

ETFs with the largest weight of Premier (NASDAQ:PINC) stock in their portfolio include Fidelity Digital Health ETF (FDHT), SPDR S&P Health Care Services ETF (XHS), First Trust Health Care AlphaDEX Fund (FXH), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), Mid Cap US Equity Select ETF (RNMC), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and iShares U.S. Healthcare Providers ETF (IHF).First Trust Value Line Dividend Index Fund (FVD).

Premier (NASDAQ:PINC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 3.88%. 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.

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.

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).

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

Premier's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.95%), Dimensional Fund Advisors LP (3.44%), Burgundy Asset Management Ltd. (2.83%), Point72 Asset Management L.P. (2.03%), State Street Corp (1.85%) and Geode Capital Management LLC (1.74%). Insiders that own company stock include Craig S Mckasson, Craig S Mckasson, David Alfred Hargraves, David L Klatsky, Leigh Anderson and Stephen R D'arcy.
View institutional ownership trends.

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.
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One share of PINC stock can currently be purchased for approximately $21.77.

Premier (NASDAQ:PINC) has a market capitalization of $2.59 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.

The company employs 2,800 workers across the globe.

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.