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NASDAQ:PINCPremier Stock Price, Forecast & News

$34.75
+0.04 (+0.12 %)
(As of 08/10/2020 04:00 PM ET)
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Today's Range
$34.52
Now: $34.75
$35.14
50-Day Range
$31.20
MA: $33.76
$35.11
52-Week Range
$27.11
Now: $34.75
$39.86
Volume250,096 shs
Average Volume312,815 shs
Market Capitalization$4.23 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.23
Premier, Inc., together with its subsidiaries, operates as a healthcare improvement company in the United States. The company 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 and software-as-a-service informatics products. This segment also engages in the Integrated Pharmacy business, which provides traditional pharmacy dispensing and integrated pharmacy services; direct sourcing business; and provision of ASCEND Collaborative service for members to receive group purchasing programs, tiers, and prices, as well as managed services. The Performance Services segment offers PremierConnect for members to address existing cost and quality imperatives, help 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 comprise PremierConnect Quality & Regulatory domain for identifying and targeting quality improvement areas; PremierConnect Clinical Surveillance & Safety domain to enhance patient safety; PremierConnect Supply Chain & ERP domain to deals with supply chain; PremierConnect Operations domain, which optimizes labor management with integrated financial reporting and budgeting; and PremierConnect Enterprise Analytics, which integrates members' custom data into a hosted and integrated data warehouse and analytics platform. The company was incorporated in 2013 and is headquartered in Charlotte, North Carolina.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.33 out of 5 stars


Industry, Sector and Symbol

Industry Management services
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:PINC
CUSIPN/A
Phone704-357-0022

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.22 billion
Cash Flow$3.69 per share
Book Value($6.82) per share

Profitability

Net Income$109.12 million

Miscellaneous

Employees2,200
Market Cap$4.23 billion
Next Earnings Date8/25/2020 (Confirmed)
OptionableOptionable
$34.75
+0.04 (+0.12 %)
(As of 08/10/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Premier (NASDAQ:PINC) Frequently Asked Questions

How has Premier's stock 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 15.4% and is now trading at $34.75.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Premier?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Premier
.

When is Premier's next earnings date?

Premier is scheduled to release its next quarterly earnings announcement on Tuesday, August 25th 2020.
View our earnings forecast for Premier
.

How can I listen to Premier's earnings call?

Premier will be holding an earnings conference call on Tuesday, August 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Premier's earnings last quarter?

Premier Inc (NASDAQ:PINC) issued its quarterly earnings results on Tuesday, May, 5th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The company had revenue of $334.80 million for the quarter, compared to analysts' expectations of $312.77 million. Premier had a negative net margin of 1.72% and a negative return on equity of 103.03%. The company's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 earnings per share.
View Premier's earnings history
.

What price target have analysts set for PINC?

13 brokers have issued twelve-month price targets for Premier's stock. Their forecasts range from $32.00 to $44.00. On average, they expect Premier's stock price to reach $38.80 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price.
View analysts' price targets for Premier
.

Has Premier been receiving favorable news coverage?

News stories about PINC stock have trended positive recently, InfoTrie reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Premier earned a media sentiment score of 2.8 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near term.
View the latest news about Premier
.

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), Energy Transfer LP Unit (ET), Ford Motor (F), General Motors (GM), Primo Water (PRMW), QUALCOMM (QCOM), Bank of America (BAC), Chesapeake Energy (CHKAQ) and Chesapeake Energy (CHKAQ).

Who are Premier's key executives?

Premier's management team includes the following people:
  • Ms. Susan Dodson DeVore, CEO & Director (Age 60)
  • Mr. Michael J. Alkire, Pres & COO (Age 56)
  • Mr. Craig Steven McKasson, CFO, CAO, Sr. VP & Treasurer (Age 52)
  • Mr. Leigh Anderson, Pres of Performance Services (Age 52)
  • Mr. James R. Storey, VP of Investor Relations

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 many different institutional and retail investors. Top institutional investors include BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.09%), Reinhart Partners Inc. (0.65%), Raymond James & Associates (0.63%), Fort Washington Investment Advisors Inc. OH (0.46%), Boston Trust Walden Corp (0.40%) and Peregrine Capital Management LLC (0.23%). Company insiders that own Premier stock include Craig S Mckasson, David Alfred Hargraves, David L Klatsky, Kelli L Price, Leigh Anderson, Stephen R D'arcy and William E Mayer.
View institutional ownership trends for Premier
.

Which major investors are selling Premier stock?

PINC stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Fort Washington Investment Advisors Inc. OH, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Great Lakes Advisors LLC, Unigestion Holding SA, Diversified Investment Strategies LLC, Principal Financial Group Inc., and Pacer Advisors Inc.. Company insiders that have sold Premier company stock in the last year include Craig S Mckasson, David Alfred Hargraves, and William E Mayer.
View insider buying and selling activity for Premier
.

Which major investors are buying Premier stock?

PINC stock was acquired by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., DekaBank Deutsche Girozentrale, PNC Financial Services Group Inc., Raymond James & Associates, Boston Trust Walden Corp, Assenagon Asset Management S.A., Swiss National Bank, and Nisa Investment Advisors LLC.
View insider buying and selling activity for Premier
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Premier's stock price today?

One share of PINC stock can currently be purchased for approximately $34.75.

How big of a company is Premier?

Premier has a market capitalization of $4.23 billion and generates $1.22 billion in revenue each year. The company earns $109.12 million in net income (profit) each year or $2.27 on an earnings per share basis. Premier employs 2,200 workers across the globe.

What is Premier's official website?

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

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 8/11/2020 by MarketBeat.com Staff

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