Premier (PINC) Stock Forecast, Price & News

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.

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.

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.

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.

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

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.

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.

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

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.

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.

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 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.

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 $25.98.

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.

The company employs 2,600 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.