Premier Inc (NASDAQ:PINC) has earned an average recommendation of “Hold” from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $43.27.

A number of equities research analysts have issued reports on the company. Citigroup upgraded Premier from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Thursday, May 2nd. Credit Suisse Group reaffirmed a “neutral” rating and set a $42.00 target price (down previously from $43.00) on shares of Premier in a research note on Tuesday. Zacks Investment Research cut Premier from a “buy” rating to a “sell” rating in a research note on Saturday. BidaskClub upgraded Premier from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, Guggenheim began coverage on Premier in a report on Tuesday, June 18th. They set a “neutral” rating and a $41.00 price target for the company.

In other news, CFO Craig S. Mckasson sold 50,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $37.54, for a total transaction of $1,877,000.00. Following the transaction, the chief financial officer now owns 135,709 shares of the company’s stock, valued at $5,094,515.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Alfred Hargraves sold 1,037 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $37.61, for a total value of $39,001.57. Following the transaction, the senior vice president now directly owns 10,024 shares in the company, valued at approximately $377,002.64. The disclosure for this sale can be found here. Corporate insiders own 18.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of PINC. Renaissance Technologies LLC increased its stake in shares of Premier by 20.8% in the 2nd quarter. Renaissance Technologies LLC now owns 3,166,309 shares of the company’s stock valued at $123,834,000 after purchasing an additional 546,200 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Premier by 3.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,405,592 shares of the company’s stock valued at $94,251,000 after purchasing an additional 77,544 shares during the last quarter. Rice Hall James & Associates LLC increased its stake in shares of Premier by 1.8% in the 1st quarter. Rice Hall James & Associates LLC now owns 2,179,537 shares of the company’s stock valued at $75,172,000 after purchasing an additional 38,104 shares during the last quarter. River Road Asset Management LLC increased its stake in shares of Premier by 74.1% in the 1st quarter. River Road Asset Management LLC now owns 1,928,936 shares of the company’s stock valued at $66,529,000 after purchasing an additional 821,033 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Premier by 4.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,137,391 shares of the company’s stock valued at $44,483,000 after purchasing an additional 51,488 shares during the last quarter. 47.87% of the stock is currently owned by institutional investors and hedge funds.

Premier stock traded down $0.05 during mid-day trading on Thursday, reaching $39.46. The company’s stock had a trading volume of 342,400 shares, compared to its average volume of 629,829. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 56.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.35. The firm’s 50 day moving average is $39.29. Premier has a twelve month low of $31.31 and a twelve month high of $47.22.

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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