Cowen started coverage on shares of Premier (NASDAQ:PINC) in a research report report published on Tuesday morning, MarketBeat.com reports. The brokerage issued a market perform rating and a $35.00 target price on the stock.

A number of other analysts have also commented on PINC. Robert W. Baird reaffirmed a buy rating and set a $35.00 target price on shares of Premier in a report on Friday, November 10th. SunTrust Banks lowered their target price on shares of Premier to $36.00 and set a buy rating for the company in a report on Friday, November 17th. Zacks Investment Research raised shares of Premier from a sell rating to a hold rating in a report on Thursday, November 23rd. Oppenheimer reaffirmed a buy rating and set a $40.00 target price on shares of Premier in a report on Thursday, December 7th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and set a $30.00 target price on shares of Premier in a report on Tuesday, December 19th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Premier presently has a consensus rating of Buy and an average price target of $36.71.

Shares of Premier (NASDAQ:PINC) opened at $31.20 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of -0.01. Premier has a fifty-two week low of $27.16 and a fifty-two week high of $36.50. The company has a market cap of $4,230.00, a price-to-earnings ratio of -9.54, a price-to-earnings-growth ratio of 1.27 and a beta of 0.50.

Premier (NASDAQ:PINC) last released its earnings results on Monday, February 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Premier had a net margin of 14.14% and a negative return on equity of 19.94%. The firm had revenue of $411.40 million during the quarter, compared to analyst estimates of $393.35 million. During the same quarter in the previous year, the business earned $0.46 EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. equities analysts forecast that Premier will post 2.08 earnings per share for the current fiscal year.

In related news, Director Stephen R. D’arcy sold 3,967 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $31.72, for a total value of $125,833.24. Following the sale, the director now directly owns 11,233 shares of the company’s stock, valued at approximately $356,310.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.52% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of PINC. State of Alaska Department of Revenue bought a new stake in Premier in the 4th quarter valued at $124,000. The Manufacturers Life Insurance Company lifted its position in Premier by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock valued at $157,000 after acquiring an additional 315 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Premier by 30.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the company’s stock valued at $173,000 after acquiring an additional 1,132 shares in the last quarter. American Century Companies Inc. bought a new stake in Premier in the 4th quarter valued at $243,000. Finally, Suntrust Banks Inc. bought a new stake in Premier in the 2nd quarter valued at $276,000. 39.60% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Premier (NASDAQ:PINC)

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