NASDAQ:PINCPremier Stock Price, Forecast & News

Premier's stock was trading at $30.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PINC shares have increased by 15.5% and is now trading at $34.79. View which stocks have been most impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Premier.

Premier is scheduled to release its next quarterly earnings announcement on Tuesday, August 18th 2020. View our earnings forecast for Premier.

Premier Inc (NASDAQ:PINC) issued its quarterly earnings results on Tuesday, May, 5th. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.71 by $0.02. The firm 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%. Premier's revenue was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. View Premier's earnings history.

Premier issued an update on its FY 2020 Pre-Market earnings guidance on Tuesday, May, 5th. The company provided earnings per share guidance of 2.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.84. The company issued revenue guidance of $1.284-1.284 billion, compared to the consensus revenue estimate of $1.26 billion.

14 brokerages have issued 12-month target prices for Premier's shares. Their forecasts range from $32.00 to $44.00. On average, they anticipate Premier's stock price to reach $39.00 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price. View analysts' price targets for Premier.

News articles about PINC stock have been trending extremely negative on Monday, InfoTrie reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Premier earned a daily sentiment score of -5.0 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutPremier.

Some companies that are related to Premier include Gartner (IT), Sodexo (SDXAY), Servicemaster Global (SERV), Mantech International (MANT), R1 RCM (RCM), Evolent Health (EVH), Franklin Covey (FC), Jupai (JP), PHI Group (PHIL) and Rainmaker Systems (VCTL). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Premier investors own include AbbVie (ABBV), Bank of America (BAC), Ford Motor (F), General Motors (GM), Home Depot (HD), Wells Fargo & Co (WFC), Alibaba Group (BABA), Energy Transfer LP Unit (ET), Intel (INTC) and Altria Group (MO).

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

Premier's stock is owned by many different institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (5.25%), BlackRock Inc. (2.95%), Mackenzie Financial Corp (2.80%), JPMorgan Chase & Co. (2.33%), APG Asset Management N.V. (1.80%) and Bank of New York Mellon Corp (1.48%). 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.

PINC stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., Fayez Sarofim & Co, Alliancebernstein L.P., First Trust Advisors LP, UBS Group AG, Deutsche Bank AG, and Jennison Associates LLC. 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.

PINC stock was purchased by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, APG Asset Management N.V., Mackenzie Financial Corp, Fort Washington Investment Advisors Inc. OH, Peregrine Capital Management LLC, Schroder Investment Management Group, Bank of New York Mellon Corp, and BlackRock Inc.. View insider buying and selling activity for 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.

One share of PINC stock can currently be purchased for approximately $34.79.

Premier has a market capitalization of $4.24 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.

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

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]