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NASDAQ:PINC

Premier Stock Forecast, Price & News

$36.87
-0.08 (-0.22 %)
(As of 01/15/2021 04:30 PM ET)
Add
Compare
Today's Range
$35.97
Now: $36.87
$37.12
50-Day Range
$34.14
MA: $35.70
$37.42
52-Week Range
$27.11
Now: $36.87
$37.79
Volume356,634 shs
Average Volume600,053 shs
Market Capitalization$4.50 billion
P/E RatioN/A
Dividend Yield2.06%
Beta0.18
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.
Premier logo

MarketRank

Overall MarketRank

1.90 out of 5 stars

Medical Sector

65th out of 1,480 stocks

Management Services Industry

1st out of 12 stocks

Analyst Opinion: 2.2Community Rank: 2.7Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Management services
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:PINC
CUSIPN/A
Phone704-357-0022
Employees2,500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.30 billion
Cash Flow$4.24 per share
Book Value$1.14 per share

Profitability

Net Income$130.36 million

Miscellaneous

Market Cap$4.50 billion
Next Earnings Date2/2/2021 (Confirmed)
OptionableOptionable
$36.87
-0.08 (-0.22 %)
(As of 01/15/2021 04:30 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 22.5% and is now trading at $36.87.
View which stocks have been most impacted by COVID-19
.

Is Premier a buy right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research 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 MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Premier?

Wall Street analysts have given Premier a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Premier wasn't one of them. MarketBeat thinks these five stocks 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, February 2nd 2021.
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, February 2nd 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 Monday, November, 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.49 by $0.08. The firm had revenue of $346.90 million for the quarter, compared to the consensus estimate of $305.32 million. Premier had a negative return on equity of 475.26% and a negative net margin of 4.13%. The company's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share.
View Premier's earnings history
.

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

Premier declared a quarterly dividend on Monday, October 26th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.19 per share on Tuesday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, November 30th.
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 2.06%. 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 33.19% next year. This indicates that Premier will be able to sustain or increase its dividend.
View Premier's dividend history.

What price target have analysts set for PINC?

14 brokers have issued twelve-month price objectives for Premier's stock. Their forecasts range from $32.00 to $44.00. On average, they expect Premier's stock price to reach $38.21 in the next year. This suggests a possible upside of 3.6% from the stock's current price.
View analysts' price targets for Premier
or view Wall Street analyst' top-rated stocks.

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).

Who are Premier's key executives?

Premier's management team includes the following people:
  • Ms. Susan Dodson DeVore, CEO & Director (Age 62, Pay $2.96M)
  • Mr. Michael J. Alkire, Pres (Age 58, Pay $2.07M)
  • Mr. Craig Steven McKasson, Chief Admin. Officer, CFO, Sr. VP & Treasurer (Age 54, Pay $1.5M)
  • 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. Kelli L. Price, Sr. VP of People (Age 59)
  • Mr. Andy Brailo, Chief Customer Officer

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 Boston Trust Walden Corp (0.72%), First Hawaiian Bank (0.01%), Raymond James Trust N.A. (0.01%), State of Alaska Department of Revenue (0.01%) and Sowell Financial Services LLC (0.00%). Company insiders that own Premier stock include Craig S Mckasson, David Alfred Hargraves, Leigh Anderson, Stephen R D'arcy and William E Mayer.
View institutional ownership trends for Premier
.

Which major investors are buying Premier stock?

PINC stock was purchased by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, State of Alaska Department of Revenue, First Hawaiian Bank, Raymond James Trust N.A., and Sowell Financial Services LLC.
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.

What is Premier's stock price today?

One share of PINC stock can currently be purchased for approximately $36.87.

How big of a company is Premier?

Premier has a market capitalization of $4.50 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. Premier employs 2,500 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 1/15/2021 by MarketBeat.com Staff

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