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NASDAQ:PINC

Premier - PINC Stock Forecast, Price & News

$31.82
+0.47 (+1.50%)
(As of 03/24/2023 05:19 PM ET)
Add
Compare
Today's Range
$31.21
$31.87
50-Day Range
$30.89
$33.83
52-Week Range
$30.62
$38.98
Volume
220,171 shs
Average Volume
576,601 shs
Market Capitalization
$3.78 billion
P/E Ratio
21.65
Dividend Yield
2.64%
Price Target
$40.70

Premier MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
28.4% Upside
$40.70 Price Target
Short Interest
Bearish
2.04% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
13.64%
From $2.42 to $2.75 Per Share

Overall MarketRank

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

2.54 out of 5 stars

Medical Sector

125th out of 989 stocks

Management Services Industry

2nd out of 6 stocks


PINC stock logo

About Premier (NASDAQ:PINC) Stock

Premier, Inc. engages in the provision of healthcare improvement solutions. It operates through the Supply Chain Services and Performance Services segments. The Supply Chain Services segment includes healthcare group purchasing organization (GPO) programs in the United States, supply chain co-management, and direct sourcing activities. The Performance Services segment consists of informatics, collaborative, consulting services, direct-to-employer initiative, and insurance management services businesses. The company was founded on May 14, 2013 and is headquartered in Charlotte, NC.

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PINC Stock News Headlines

Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Premier Inc. Acquires 100 Top Hospitals® Program
Premier Second Quarter 2023 Earnings: Beats Expectations
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Premier declares $0.21 dividend
1 Medical Stock to Buy in 2023 and 1 to Avoid
Premier (NASDAQ:PINC) Has Announced A Dividend Of $0.21
Premier (NASDAQ:PINC) Is Paying Out A Dividend Of $0.21
See More Headlines
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PINC Company Calendar

Last Earnings
2/07/2023
Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Today
3/24/2023
Next Earnings (Estimated)
5/02/2023
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
$40.70
High Stock Price Forecast
$46.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+28.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$265.87 million
Pretax Margin
18.56%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$3.22 per share
Book Value
$19.05 per share

Miscellaneous

Free Float
117,952,000
Market Cap
$3.77 billion
Optionable
Optionable
Beta
0.29

Key Executives

  • Michael J. Alkire
    President, Chief Executive Officer & Director
  • Craig S. McKassonCraig S. McKasson
    SVP, Chief Financial & Administrative Officer
  • Leigh AndersonLeigh Anderson
    President-Performance Services
  • David Hargraves
    Senior Vice President-Supply Chain
  • Andrew Brailo
    Chief Customer Officer













PINC Stock - Frequently Asked Questions

Should I buy or sell Premier stock right now?

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.
View PINC analyst ratings
or view top-rated stocks.

What is Premier's stock price forecast for 2023?

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.

How have PINC shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Premier?

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
.

When is Premier's next earnings date?

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

How were Premier's earnings last quarter?

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%.

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

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
.

Is Premier a good dividend stock?

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.

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

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.

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 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
.

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 $31.47.

How much money does Premier make?

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.

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 3/24/2023 by MarketBeat.com Staff