Premier (NASDAQ:PINC)‘s stock had its “neutral” rating restated by analysts at J P Morgan Chase & Co in a report released on Tuesday. They presently have a $30.00 price target on the stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 2.39% from the company’s current price.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Premier from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub downgraded Premier from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. SunTrust Banks decreased their price target on Premier to $36.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. William Blair restated an “ourperform” rating on shares of Premier in a research note on Tuesday, August 22nd. Finally, Robert W. Baird restated a “buy” rating and issued a $35.00 price target on shares of Premier in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. Premier has a consensus rating of “Hold” and an average price target of $37.44.

Premier (PINC) opened at $29.30 on Tuesday. Premier has a 12 month low of $27.16 and a 12 month high of $36.50. The firm has a market capitalization of $4,074.92, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 1.30 and a beta of 0.40.

Premier (NASDAQ:PINC) last announced its earnings results on Monday, November 6th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.05). Premier had a net margin of 17.99% and a negative return on equity of 18.31%. The company had revenue of $390.56 million during the quarter, compared to analysts’ expectations of $389.56 million. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. analysts expect that Premier will post 1.87 EPS for the current year.

In related news, COO Michael J. Alkire sold 25,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $29.90, for a total value of $747,500.00. Following the completion of the transaction, the chief operating officer now directly owns 180,550 shares in the company, valued at $5,398,445. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.52% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. FMR LLC increased its stake in Premier by 2.1% during the second quarter. FMR LLC now owns 7,763,382 shares of the company’s stock worth $279,482,000 after acquiring an additional 158,103 shares during the last quarter. Vanguard Group Inc. increased its stake in Premier by 7.4% during the second quarter. Vanguard Group Inc. now owns 4,345,748 shares of the company’s stock worth $156,447,000 after acquiring an additional 300,387 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in Premier by 3.8% during the third quarter. TimesSquare Capital Management LLC now owns 2,715,700 shares of the company’s stock worth $88,450,000 after acquiring an additional 98,600 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Premier by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 2,380,922 shares of the company’s stock worth $77,808,000 after acquiring an additional 73,535 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in Premier by 37.7% during the second quarter. Citadel Advisors LLC now owns 1,193,181 shares of the company’s stock worth $42,954,000 after acquiring an additional 326,899 shares during the last quarter. Institutional investors own 38.31% 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.

Analyst Recommendations for Premier (NASDAQ:PINC)

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