Positive News Coverage Somewhat Unlikely to Affect Premier (PINC) Share Price
Media coverage about Premier (NASDAQ:PINC) has been trending positive on Saturday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Premier earned a news impact score of 0.26 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.0408359804099 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Healthcare Providers Taking Action to Address Opioid Epidemic, Premier Inc. C-Suite Survey Suggests (finance.yahoo.com)
- How this deal could help U of L Hospital improve costs, patient outcomes (bizjournals.com)
- Premier Inc (PINC) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Premier (PINC) Releases FY18 Earnings Guidance (americanbankingnews.com)
- Premier Inc (PINC) Expected to Announce Quarterly Sales of $391.99 Million (americanbankingnews.com)
Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Premier from a “strong sell” rating to a “sell” rating in a report on Thursday. Zacks Investment Research upgraded shares of Premier from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Wednesday. Oppenheimer reiterated a “buy” rating and issued a $40.00 target price on shares of Premier in a report on Thursday, December 7th. Citigroup assumed coverage on shares of Premier in a report on Thursday, January 4th. They set a “neutral” rating on the stock. Finally, SunTrust Banks dropped their price objective on shares of Premier to $36.00 and set a “buy” rating on the stock in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Premier has a consensus rating of “Hold” and a consensus price target of $37.00.
Premier (NASDAQ:PINC) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). Premier had a negative return on equity of 18.31% and a net margin of 17.99%. The company had revenue of $390.56 million for the quarter, compared to analyst estimates of $389.56 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue was up 24.7% on a year-over-year basis. equities research analysts expect that Premier will post 1.9 EPS for the current year.
In related news, COO Michael J. Alkire sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $29.90, for a total transaction of $747,500.00. Following the sale, the chief operating officer now directly owns 180,550 shares in the company, valued at $5,398,445. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 17.52% of the company’s stock.
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Premier Company Profile
Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and 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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