Premier - PINC Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PINC shares.
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10 analysts have issued 1-year price objectives for Premier's shares. Their PINC share price forecasts range from $30.00 to $46.00. On average, they predict the company's share price to reach $40.70 in the next year. This suggests a possible upside of 29.3% 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 shares have decreased by 10.0% and is now trading at $31.47.
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Premier saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 2,410,000 shares, an increase of 19.9% from the February 13th total of 2,010,000 shares. Based on an average daily volume of 562,700 shares, the days-to-cover ratio is currently 4.3 days. Currently, 2.0% of the shares of the company are sold short.
View Premier's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our PINC earnings forecast.

Premier, Inc. (NASDAQ:PINC) posted its quarterly earnings data on Tuesday, February, 7th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.11. The business had revenue of $359.63 million for the quarter, compared to analyst estimates of $358.36 million. Premier had a net margin of 12.85% and a trailing twelve-month return on equity of 11.54%.

Premier declared a quarterly dividend on Thursday, January 26th. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.21 per share on Wednesday, March 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Tuesday, February 28th.
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), Global X Adaptive U.S. Factor ETF (AUSF), First Trust Health Care AlphaDEX Fund (FXH), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), First Trust Mid Cap US Equity Select ETF (RNMC) and iShares U.S. Healthcare Providers ETF (IHF).

Premier (NASDAQ:PINC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.61%. 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.

Premier issued an update on its FY23 earnings guidance on Tuesday, February, 7th. The company provided EPS guidance of $2.53-2.65 for the period, compared to the consensus EPS estimate of $2.63. The company issued revenue guidance of $1.38-1.45 billion, compared to the consensus revenue estimate of $1.41 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 a variety of institutional and retail investors. Top institutional shareholders include River Road Asset Management LLC (4.72%), Mackenzie Financial Corp (4.66%), Dimensional Fund Advisors LP (2.88%), Burgundy Asset Management Ltd. (2.72%), First Trust Advisors LP (2.30%) and Renaissance Technologies LLC (1.81%). 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 $31.47.

Premier (NASDAQ:PINC) has a market capitalization of $3.74 billion and generates $1.43 billion in revenue each year. The company earns $265.87 million in net income (profit) each year or $1.47 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.