NASDAQ:PINC

Premier Stock Forecast, Price & News

$34.11
-0.55 (-1.59 %)
(As of 06/23/2021 01:52 PM ET)
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Today's Range
$34.08
$34.79
50-Day Range
$33.00
$35.75
52-Week Range
$30.13
$37.79
Volume15,518 shs
Average Volume532,445 shs
Market Capitalization$4.17 billion
P/E Ratio18.34
Dividend Yield2.21%
Beta0.24
30 days | 90 days | 365 days | Advanced Chart
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About Premier

Premier, Inc., together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with 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 document shredding services. It is also involved in the provision of the ASCEND Collaborative service for members to receive group purchasing programs, tiers, and prices, as well as managed services; SURPASS Collaborative service; STOCKD, an e-commerce platform; and PROVIDEGX program, which identifies supply sources for drugs that are on or may be at risk of being added to the national drug shortage list, or that are vulnerable to pricing volatility, as well as direct sourcing business. The Performance Services segment offers PremierConnect for members to address existing cost and quality imperatives, enable them manage a value-based care reimbursement model, and support their regulatory reporting framework; performance improvement collaborative; and consulting and insurance services. This segment's various PremierConnect domains include PremierConnect Quality & Regulatory, PremierConnect Clinical Surveillance & Safety, PremierConnect Supply Chain & ERP, PremierConnect Operations, PremierConnect Enterprise Analytics, and PREMIERCONNECT Clinical Decision Support domains. Premier, Inc. has a collaboration to develop a same-day breast cancer diagnosis and treatment model. The company was incorporated in 2013 and is headquartered in Charlotte, North Carolina.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

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Miscellaneous


MarketRank

Overall MarketRank

2.04 out of 5 stars

Medical Sector

68th out of 2,105 stocks

Management Services Industry

1st out of 12 stocks

Analyst Opinion: 2.1Community Rank: 2.7Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Premier (NASDAQ:PINC) Frequently Asked Questions

Is Premier a buy right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 3 sell ratings, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Premier stock. 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 analyst ratings for Premier
or view top-rated stocks.

What stocks does MarketBeat like better than Premier?

Wall Street analysts have given Premier a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Premier wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Premier's next earnings date?

Premier is scheduled to release its next quarterly earnings announcement on Tuesday, August 24th 2021.
View our earnings forecast for Premier
.

How were Premier's earnings last quarter?

Premier, Inc. (NASDAQ:PINC) issued its quarterly earnings results on Tuesday, May, 4th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.13. The company had revenue of $469.92 million for the quarter, compared to the consensus estimate of $448.08 million. Premier had a net margin of 15.10% and a trailing twelve-month return on equity of 14.46%. The company's revenue for the quarter was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 EPS.
View Premier's earnings history
.

How has Premier's stock price been impacted by COVID-19 (Coronavirus)?

Premier's stock was trading at $30.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PINC shares have increased by 13.6% and is now trading at $34.19.
View which stocks have been most impacted by COVID-19
.

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

Premier announced a quarterly dividend on Monday, April 26th. Shareholders of record on Tuesday, June 1st will be given a dividend of $0.19 per share on Tuesday, June 15th. This represents a $0.76 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Friday, May 28th.
View Premier's dividend history
.

Is Premier a good dividend stock?

Premier pays an annual dividend of $0.76 per share and currently has a dividend yield of 2.21%. Premier does not yet have a strong track record of dividend growth. The dividend payout ratio of Premier is 31.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Premier will have a dividend payout ratio of 34.86% next year. This indicates that Premier will be able to sustain or increase its dividend.
View Premier's dividend history.

What guidance has Premier issued on next quarter's earnings?

Premier issued an update on its FY 2021 earnings guidance on Tuesday, May, 18th. The company provided EPS guidance of 2.420-2.510 for the period, compared to the Thomson Reuters consensus estimate of $2.320. The company issued revenue guidance of $1.67 billion-$1.71 billion, compared to the consensus revenue estimate of $1.63 billion.

What price target have analysts set for PINC?

14 brokers have issued 1-year target prices for Premier's shares. Their forecasts range from $31.00 to $46.00. On average, they anticipate Premier's share price to reach $38.15 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
View analysts' price targets for Premier
or view top-rated stocks among Wall Street analysts.

Who are Premier's key executives?

Premier's management team includes the following people:
  • Mr. Michael J. Alkire, Pres, CEO & Director (Age 58, Pay $2.07M)
  • Mr. Craig Steven McKasson, Chief Admin. Officer, CFO, Sr. VP & Treasurer (Age 54, Pay $1.5M)
  • Ms. Susan Dodson DeVore, Advisor (Age 62, Pay $2.96M)
  • Mr. Leigh T. Anderson, Pres of Performance Services (Age 54, Pay $825.29k)
  • Mr. David Alfred Hargraves, Sr. VP of Supply Chain (Age 52, Pay $775.88k)
  • Ms. Angeline C. McCabe, VP of Investor Relations
  • Mr. David L. Klatsky J.D., Gen. Counsel (Age 59)
  • Mr. Blair Childs, Sr. VP of Public Affairs
  • Ms. Lindsay A. Powers, Sr. VP of People
  • Mr. Andy Brailo, Chief Customer Officer

What is Susan DeVore's approval rating as Premier's CEO?

157 employees have rated Premier CEO Susan DeVore on Glassdoor.com. Susan DeVore has an approval rating of 63% among Premier's employees. This puts Susan DeVore in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Premier's key competitors?

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 The Home Depot (HD).

What is Premier's stock symbol?

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

Who are Premier's major shareholders?

Premier's stock is owned by a variety of retail and institutional investors. Top institutional investors include River Road Asset Management LLC (5.82%), Massachusetts Financial Services Co. MA (5.24%), BlackRock Inc. (4.59%), JPMorgan Chase & Co. (2.79%), Burgundy Asset Management Ltd. (2.73%) and Renaissance Technologies LLC (2.30%). Company insiders that own Premier stock include Craig S Mckasson, David Alfred Hargraves, Stephen R D'arcy and William E Mayer.
View institutional ownership trends for Premier
.

Which institutional investors are selling Premier stock?

PINC stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Millennium Management LLC, Kennedy Capital Management Inc., Unigestion Holding SA, Peregrine Capital Management LLC, Jane Street Group LLC, and Northern Trust Corp. Company insiders that have sold Premier company stock in the last year include Craig S Mckasson, David Alfred Hargraves, Stephen R D'arcy, and William E Mayer.
View insider buying and selling activity for Premier
or view top insider-selling stocks.

Which institutional investors are buying Premier stock?

PINC stock was purchased by a variety of institutional investors in the last quarter, including River Road Asset Management LLC, Fort Washington Investment Advisors Inc. OH, Mirae Asset Global Investments Co. Ltd., Dimensional Fund Advisors LP, Janus Henderson Group PLC, Reinhart Partners Inc., JPMorgan Chase & Co., and Thrivent Financial for Lutherans.
View insider buying and selling activity for Premier
or or view top insider-buying stocks.

How do I buy shares of Premier?

Shares of PINC 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.

What is Premier's stock price today?

One share of PINC stock can currently be purchased for approximately $34.19.

How much money does Premier make?

Premier has a market capitalization of $4.18 billion and generates $1.30 billion in revenue each year. The company earns $130.36 million in net income (profit) each year or $2.41 on an earnings per share basis.

How many employees does Premier have?

Premier employs 2,500 workers across the globe.

What is Premier's official website?

The official website for Premier is www.premierinc.com.

Where are Premier's headquarters?

Premier is headquartered at 13034 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC, 28277.

How can I contact Premier?

Premier's mailing address is 13034 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC, 28277. The company can be reached via phone at 704-357-0022 or via email at [email protected]


This page was last updated on 6/23/2021 by MarketBeat.com Staff
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