S&P 500   4,274.04 (-0.72%)
DOW   33,980.32 (-0.50%)
QQQ   328.49 (-1.14%)
AAPL   174.55 (+0.88%)
MSFT   291.32 (-0.47%)
META   174.85 (-2.57%)
GOOGL   119.55 (-1.77%)
AMZN   142.10 (-1.85%)
TSLA   911.99 (-0.84%)
NVDA   183.35 (-2.88%)
NIO   20.08 (-3.97%)
BABA   89.77 (-3.11%)
AMD   98.27 (-1.93%)
MU   61.62 (-3.51%)
T   18.42 (-0.81%)
CGC   4.06 (+7.41%)
F   16.03 (-2.43%)
GE   79.92 (-1.42%)
DIS   122.81 (-1.72%)
AMC   21.36 (-13.91%)
PYPL   99.42 (-2.61%)
PFE   49.27 (-1.18%)
NFLX   241.15 (-1.85%)
S&P 500   4,274.04 (-0.72%)
DOW   33,980.32 (-0.50%)
QQQ   328.49 (-1.14%)
AAPL   174.55 (+0.88%)
MSFT   291.32 (-0.47%)
META   174.85 (-2.57%)
GOOGL   119.55 (-1.77%)
AMZN   142.10 (-1.85%)
TSLA   911.99 (-0.84%)
NVDA   183.35 (-2.88%)
NIO   20.08 (-3.97%)
BABA   89.77 (-3.11%)
AMD   98.27 (-1.93%)
MU   61.62 (-3.51%)
T   18.42 (-0.81%)
CGC   4.06 (+7.41%)
F   16.03 (-2.43%)
GE   79.92 (-1.42%)
DIS   122.81 (-1.72%)
AMC   21.36 (-13.91%)
PYPL   99.42 (-2.61%)
PFE   49.27 (-1.18%)
NFLX   241.15 (-1.85%)
S&P 500   4,274.04 (-0.72%)
DOW   33,980.32 (-0.50%)
QQQ   328.49 (-1.14%)
AAPL   174.55 (+0.88%)
MSFT   291.32 (-0.47%)
META   174.85 (-2.57%)
GOOGL   119.55 (-1.77%)
AMZN   142.10 (-1.85%)
TSLA   911.99 (-0.84%)
NVDA   183.35 (-2.88%)
NIO   20.08 (-3.97%)
BABA   89.77 (-3.11%)
AMD   98.27 (-1.93%)
MU   61.62 (-3.51%)
T   18.42 (-0.81%)
CGC   4.06 (+7.41%)
F   16.03 (-2.43%)
GE   79.92 (-1.42%)
DIS   122.81 (-1.72%)
AMC   21.36 (-13.91%)
PYPL   99.42 (-2.61%)
PFE   49.27 (-1.18%)
NFLX   241.15 (-1.85%)
S&P 500   4,274.04 (-0.72%)
DOW   33,980.32 (-0.50%)
QQQ   328.49 (-1.14%)
AAPL   174.55 (+0.88%)
MSFT   291.32 (-0.47%)
META   174.85 (-2.57%)
GOOGL   119.55 (-1.77%)
AMZN   142.10 (-1.85%)
TSLA   911.99 (-0.84%)
NVDA   183.35 (-2.88%)
NIO   20.08 (-3.97%)
BABA   89.77 (-3.11%)
AMD   98.27 (-1.93%)
MU   61.62 (-3.51%)
T   18.42 (-0.81%)
CGC   4.06 (+7.41%)
F   16.03 (-2.43%)
GE   79.92 (-1.42%)
DIS   122.81 (-1.72%)
AMC   21.36 (-13.91%)
PYPL   99.42 (-2.61%)
PFE   49.27 (-1.18%)
NFLX   241.15 (-1.85%)
NASDAQ:PINC

Premier - PINC Stock Forecast, Price & News

$37.68
-0.16 (-0.42%)
(As of 08/17/2022 05:18 PM ET)
Add
Compare
Today's Range
$37.07
$38.13
50-Day Range
$34.38
$38.53
52-Week Range
$34.28
$42.15
Volume
471,947 shs
Average Volume
545,675 shs
Market Capitalization
$4.45 billion
P/E Ratio
16.31
Dividend Yield
2.11%
Price Target
$41.83

Premier MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
14.5% Upside
$43.14 Price Target
Short Interest
Healthy
1.96% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.22mentions of Premier in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.82%
From $2.20 to $2.35 Per Share

Overall MarketRank

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

2.26 out of 5 stars

Medical Sector

476th out of 1,122 stocks

Management Services Industry

4th out of 7 stocks

PINC stock logo

About Premier (NASDAQ:PINC) Stock

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 document shredding. The segment is also involved in the provision of the ASCEND Collaborative service for members to receive group purchasing programs, tiers, and prices; 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, to manage a value-based care reimbursement model, and support their regulatory reporting framework; performance improvement collaboratives; and consulting and insurance management services, such as creation and management of health benefit programs under Contigo Health brand, as well as health systems and suppliers cost management solutions under Remitra brand. This segment's PremierConnect solutions are organized into six areas, such as Quality & Regulatory, Clinical Surveillance & Safety, Supply Chain & ERP, Operations, Enterprise Analytics, and Clinical Decision Support domains. The company also provides services to other businesses, including food service, schools, and universities. Premier, Inc. was incorporated in 2013 and is headquartered in Charlotte, North Carolina.

Premier Price Performance

NASDAQ:PINC opened at $37.84 on Wednesday. The stock has a fifty day moving average of $36.96 and a 200 day moving average of $36.72. Premier has a 52-week low of $33.26 and a 52-week high of $42.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 0.88. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.63 and a beta of 0.32.

Premier (NASDAQ:PINC - Get Rating) last released its quarterly earnings data on Tuesday, August 16th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.51 by $0.10. Premier had a return on equity of 12.13% and a net margin of 18.14%. The firm had revenue of $340.70 million for the quarter, compared to the consensus estimate of $332.88 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company's quarterly revenue was down 29.2% on a year-over-year basis. On average, research analysts expect that Premier will post 2.2 EPS for the current fiscal year.

Premier Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Wednesday, August 31st. This is an increase from Premier's previous quarterly dividend of $0.20. Premier's payout ratio is currently 34.63%.

Analyst Upgrades and Downgrades

PINC has been the topic of a number of recent research reports. SVB Leerink reissued an "outperform" rating on shares of Premier in a research report on Tuesday, May 3rd. Piper Sandler upgraded Premier from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $39.00 to $45.00 in a research note on Wednesday, May 4th. Canaccord Genuity Group reduced their price target on Premier from $47.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, May 4th. Finally, StockNews.com raised Premier from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Premier has a consensus rating of "Moderate Buy" and a consensus target price of $41.83.

Receive PINC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Premier and its competitors with MarketBeat's FREE daily newsletter.

PINC Stock News Headlines

Tailor an Options Trading Strategy to Fit Your Needs
This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile. Take your trading to the next level with the Options Strategy Guide. pixel
Premier (PINC) to Release Quarterly Earnings on Tuesday
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next
If you think our current cycle of conflict and chaos started when Russia invaded Ukraine, think again. This cycle actually began over 13 years ago with the most dangerous money-printing escapade of modern times … leading to one of the most sudden surges of inflation in 100 years. This is why Sean Brodrick and Martin Weiss have just held a series of emergency meetings exposing what investors can expect as this crisis unfolds.
Premier (NASDAQ:PINC) Stock Rating Upgraded by StockNews.com
See More Headlines
Receive PINC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Premier and its competitors with MarketBeat's FREE daily newsletter.

PINC Company Calendar

Ex-Dividend for 6/15 Dividend
5/31/2022
Dividend Payable
6/15/2022
Last Earnings
8/16/2022
Today
8/17/2022
Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Management services
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:PINC
Fax
N/A
Employees
2,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$43.14
High Stock Price Forecast
$46.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+11.0%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
8 Analysts

Profitability

Net Income
$287.52 million
Pretax Margin
21.56%

Debt

Sales & Book Value

Annual Sales
$1.72 billion
Cash Flow
$3.19 per share
Book Value
$18.20 per share

Miscellaneous

Free Float
116,807,000
Market Cap
$4.45 billion
Optionable
Optionable
Beta
0.32














PINC Stock - Frequently Asked Questions

Should I buy or sell Premier stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 4 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 forecast for 2022?

7 Wall Street analysts have issued 1 year price targets for Premier's stock. Their PINC share price forecasts range from $35.00 to $46.00. On average, they expect the company's stock price to reach $41.83 in the next twelve months. This suggests a possible upside of 10.6% 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 2022?

Premier's stock was trading at $41.17 at the beginning of 2022. Since then, PINC shares have decreased by 8.1% and is now trading at $37.84.
View the best growth stocks for 2022 here
.

How were Premier's earnings last quarter?

Premier, Inc. (NASDAQ:PINC) issued its quarterly earnings data on Tuesday, August, 16th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.10. The firm earned $340.70 million during the quarter, compared to analysts' expectations of $332.88 million. Premier had a net margin of 18.14% and a trailing twelve-month return on equity of 12.13%. The company's quarterly revenue was down 29.2% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share.

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

Premier declared a quarterly dividend on Thursday, August 4th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.21 per share on Thursday, September 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Wednesday, August 31st. This is a positive change from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for PINC
.

Is Premier a good dividend stock?

Premier (NASDAQ:PINC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.08%. 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 34.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINC will have a dividend payout ratio of 34.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PINC.

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

Premier updated its FY 2023 earnings guidance on Tuesday, August, 16th. The company provided earnings per share guidance of $2.63-$2.75 for the period, compared to the consensus EPS estimate of $2.67. The company issued revenue guidance of $1.38 billion-$1.45 billion, compared to the consensus revenue estimate of $1.42 billion.

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).

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 number of retail and institutional investors. Top institutional shareholders include River Road Asset Management LLC (5.03%), Mackenzie Financial Corp (4.60%), Burgundy Asset Management Ltd. (2.86%), FMR LLC (2.46%), Renaissance Technologies LLC (2.33%) and State Street Corp (1.82%). 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
.

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.

What is Premier's stock price today?

One share of PINC stock can currently be purchased for approximately $37.84.

How much money does Premier make?

Premier (NASDAQ:PINC) has a market capitalization of $4.46 billion and generates $1.72 billion in revenue each year. The company earns $287.52 million in net income (profit) each year or $2.31 on an earnings per share basis.

How many employees does Premier have?

The company employs 2,600 workers across the globe.

How can I contact Premier?

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.

This page (NASDAQ:PINC) was last updated on 8/17/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.