Media stories about Premier (NASDAQ:PINC) have been trending somewhat positive on Saturday, InfoTrie reports. The research group rates the sentiment of media coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Premier earned a media sentiment score of 1.25 on their scale. InfoTrie also gave news stories about the company an news buzz score of 6 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
PINC has been the topic of a number of analyst reports. BidaskClub lowered Premier from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 23rd. Citigroup raised Premier from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Thursday, May 2nd. Zacks Investment Research raised Premier from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday. Svb Leerink downgraded Premier from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 10th. Finally, Leerink Swann downgraded Premier from an “outperform” rating to a “market perform” rating and set a $36.00 price objective on the stock. in a research note on Wednesday, April 10th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $43.50.
NASDAQ PINC traded down $0.65 on Friday, hitting $37.02. 408,136 shares of the stock traded hands, compared to its average volume of 382,712. Premier has a 12 month low of $31.31 and a 12 month high of $47.22. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 52.89, a price-to-earnings-growth ratio of 1.36 and a beta of 0.32.
Premier (NASDAQ:PINC) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. Premier had a negative return on equity of 27.23% and a net margin of 21.50%. The business had revenue of $422.90 million during the quarter, compared to analyst estimates of $432.94 million. During the same period in the prior year, the company earned $0.67 earnings per share. Premier’s revenue was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that Premier will post 2.45 earnings per share for the current fiscal year.
In other news, CFO Craig S. Mckasson sold 50,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $37.54, for a total value of $1,877,000.00. Following the completion of the transaction, the chief financial officer now directly owns 135,709 shares of the company’s stock, valued at $5,094,515.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.30% of the stock is owned by company insiders.
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Premier Company Profile
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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