Premier Inc (NASDAQ:PINC) has been given an average recommendation of “Hold” by the fourteen research firms that are currently covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $40.25.

A number of equities research analysts have recently issued reports on PINC shares. UBS Group downgraded shares of Premier from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $44.00 to $38.00 in a report on Thursday, October 31st. BidaskClub raised shares of Premier from a “sell” rating to a “hold” rating in a report on Wednesday, October 23rd. Canaccord Genuity raised shares of Premier from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Tuesday, October 15th. Credit Suisse Group reiterated a “neutral” rating and set a $42.00 price target (down from $43.00) on shares of Premier in a research report on Tuesday, August 13th. Finally, Jefferies Financial Group set a $43.00 price objective on Premier and gave the company a “buy” rating in a research note on Thursday, September 26th.

In other news, Director William E. Mayer sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $37.45, for a total transaction of $149,800.00. Following the completion of the sale, the director now owns 13,763 shares of the company’s stock, valued at $515,424.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Craig S. Mckasson sold 3,013 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $37.02, for a total value of $111,541.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,315 shares of company stock valued at $416,586. Insiders own 17.67% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its stake in Premier by 160.3% in the third quarter. CWM LLC now owns 1,244 shares of the company’s stock worth $36,000 after acquiring an additional 766 shares during the period. Meeder Asset Management Inc. purchased a new stake in Premier in the third quarter worth $52,000. Financial Gravity Wealth Inc. lifted its stake in Premier by 401.7% in the second quarter. Financial Gravity Wealth Inc. now owns 2,067 shares of the company’s stock worth $81,000 after acquiring an additional 1,655 shares during the period. Tower Research Capital LLC TRC lifted its stake in Premier by 11.6% in the third quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the company’s stock worth $83,000 after acquiring an additional 297 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in Premier in the second quarter worth $100,000. 50.44% of the stock is owned by institutional investors.

NASDAQ PINC traded up $0.15 during trading on Friday, hitting $36.59. 713,096 shares of the company’s stock traded hands, compared to its average volume of 713,084. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.48 and a beta of 0.34. Premier has a 12-month low of $27.37 and a 12-month high of $42.00. The business has a 50 day moving average of $32.88 and a 200-day moving average of $36.28.

Premier (NASDAQ:PINC) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.02. The business had revenue of $302.40 million for the quarter, compared to the consensus estimate of $295.50 million. Premier had a net margin of 17.74% and a negative return on equity of 51.84%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. On average, research analysts expect that Premier will post 2.66 earnings per share for the current fiscal year.

About Premier

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. The company 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 and software-as-a-service informatics products.

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Analyst Recommendations for Premier (NASDAQ:PINC)

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