Several brokerages have updated their recommendations and price targets on shares of Premier (NASDAQ: PINC) in the last few weeks:

  • 9/5/2017 – Premier was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Premier, Inc. operates as a healthcare alliance. The company brings together hospitals, health systems, physicians and other healthcare providers primarily in the United States. It also maintains clinical, financial and outcomes databases. Premier, Inc. is headquartered in Charlotte, North Carolina. “
  • 8/26/2017 – Premier was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Premier, Inc. operates as a healthcare alliance. The company brings together hospitals, health systems, physicians and other healthcare providers primarily in the United States. It also maintains clinical, financial and outcomes databases. Premier, Inc. is headquartered in Charlotte, North Carolina. “
  • 8/23/2017 – Premier was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/22/2017 – Premier had its “ourperform” rating reaffirmed by analysts at William Blair.
  • 8/22/2017 – Premier had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 8/18/2017 – Premier was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Premier, Inc. operates as a healthcare alliance. The company brings together hospitals, health systems, physicians and other healthcare providers primarily in the United States. It also maintains clinical, financial and outcomes databases. Premier, Inc. is headquartered in Charlotte, North Carolina. “
  • 8/9/2017 – Premier had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $40.00 price target on the stock.
  • 7/31/2017 – Premier was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of Premier, Inc. (NASDAQ:PINC) traded down 0.33% during trading on Monday, reaching $33.07. 563,562 shares of the company’s stock traded hands. Premier, Inc. has a 1-year low of $28.27 and a 1-year high of $36.50. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 21.90 and a beta of 0.47. The company has a 50 day moving average of $33.79 and a 200-day moving average of $33.64.

Premier (NASDAQ:PINC) last posted its earnings results on Monday, August 21st. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $403.10 million during the quarter, compared to the consensus estimate of $400.45 million. Premier had a net margin of 0.66% and a negative return on equity of 16.27%. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. Equities analysts predict that Premier, Inc. will post $2.05 earnings per share for the current year.

In other Premier news, SVP Leigh Anderson sold 2,264 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $32.73, for a total value of $74,100.72. Following the sale, the senior vice president now directly owns 14,654 shares in the company, valued at $479,625.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Susan D. Devore sold 40,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $32.74, for a total value of $1,309,600.00. Following the completion of the sale, the chief executive officer now owns 466,427 shares in the company, valued at $15,270,819.98. The disclosure for this sale can be found here. Insiders sold 119,113 shares of company stock worth $4,024,247 over the last quarter. 17.14% of the stock is currently owned by company insiders.

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.

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