Premier (PINC) Stock Price, News & Analysis

Company Overview

Premier, Inc., together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an 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 workforce solutions. This segment also provides the ASCENDrive programs for members to receive group purchasing programs, tiers, and prices; SURPASS Performance Group services; and STOCKD, an e-commerce platform, as well as direct sourcing business; SaaS informatics products; supply chain co-management services; purchased services contracts; direct sourcing solutions; and supply chain resiliency programs. The Performance Services segment provides technology and services platform with offerings that help optimize performance in three main areas, including clinical intelligence, margin improvement, and value-based care under the PINC AI brand; third party administrator services and management of health benefit programs under the Contigo Health brand; and digital invoicing and payables services that offers financial support services to healthcare product suppliers and service providers under the Remitra brand. The company was incorporated in 2013 and is based in Charlotte, North Carolina.

Key Stats

• Today's Range: $22.43 to $23.01
• 50-Day Range: $19.08 to $23.34
• 52-Week Range: $17.95 to $23.43
• Volume: 622,503 shs
• Average Volume: 911,137 shs
• Market Capitalization: $2.20 billion
• P/E Ratio: 16.79
• Dividend Yield: 3.68%
• Price Target: $21.36
• Consensus Rating: Hold

Premier Stock Analysis - MarketRank™

Premier scored higher than 67% of companies evaluated by MarketBeat, and ranked 349th out of 956 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Premier has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 9 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Premier has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.26%

Earnings Growth

Earnings for Premier are expected to grow by 8.26% in the coming year, from $1.09 to $1.18 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Premier is 16.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.30.

Price to Earnings Ratio vs. Sector

The P/E ratio of Premier is 16.79, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 92.85.

Price to Earnings Growth Ratio

Premier has a PEG Ratio of 10.08. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Premier has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.31% of the float of Premier has been sold short.

Short Interest Ratio / Days to Cover

Premier has a short interest ratio ("days to cover") of 6.8.

Change versus previous month

Short interest in Premier has recently increased by 7.60%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Premier is a leading dividend payer. It pays a dividend yield of 3.75%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Premier does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Premier is 61.77%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Premier will have a dividend payout ratio of 71.19% next year. This indicates that Premier will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.31% of the float of Premier has been sold short.

Short Interest Ratio / Days to Cover

Premier has a short interest ratio ("days to cover") of 6.8.

Change versus previous month

Short interest in Premier has recently increased by 7.60%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: N/A

News Sentiment

Premier has a news sentiment score of 1.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Premier this week, compared to 7 articles on an average week.

Search Interest

4 people have searched for PINC on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Premier insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,941,879.00 in company stock.

Percentage Held by Insiders

Only 0.96% of the stock of Premier is held by insiders.

Percentage Held by Institutions

74.41% of the stock of Premier is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PINC Stock Analysis - Frequently Asked Questions

How have PINC shares performed this year?

Premier's stock was trading at $22.36 at the beginning of the year. Since then, PINC stock has increased by 2.1% and is now trading at $22.84.
View the best growth stocks for 2024 here.

How were Premier's earnings last quarter?

Premier, Inc. (NASDAQ:PINC) announced its quarterly earnings data on Tuesday, November, 5th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.09. Premier's quarterly revenue was down 7.8% on a year-over-year basis.

Who are Premier's major shareholders?

Top institutional investors of Premier include Pacer Advisors Inc. (5.98%), State Street Corp (3.97%), Charles Schwab Investment Management Inc. (1.74%) and Geode Capital Management LLC (1.74%). Insiders that own company stock include Michael J Alkire, Craig S Mckasson, Leigh Anderson, David L Klatsky, Andy Brailo, Helen M Boudreau and Jody R Davids.
View institutional ownership trends.

How do I buy shares of Premier?

Shares of PINC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Premier own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Premier investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 9/15 Dividend: 8/30/2024
• Dividend Payable: 9/15/2024
• Last Earnings: 11/05/2024
• Today: 11/24/2024
• Ex-Dividend for 12/15 Dividend: 11/29/2024
• Dividend Payable: 12/15/2024
• Next Earnings (Estimated): 2/03/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Management services
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:PINC
• CUSIP: N/A
• CIK: 1577916
• Web: www.premierinc.com
• Phone: (704) 357-0022
• Fax: N/A
• Employees: 2,900
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $21.36
• High Stock Price Target: $24.00
• Low Stock Price Target: $19.00
• Potential Upside/Downside: -6.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.36
• Trailing P/E Ratio: 16.79
• Forward P/E Ratio: 20.95
• P/E Growth: 10.08
• Net Income: $119.54 million
• Net Margins: 11.41%
• Pretax Margin: 14.89%
• Return on Equity: 10.74%
• Return on Assets: 6.36%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.09
• Quick Ratio: 1.09

Sales & Book Value

• Annual Sales: $1.35 billion
• Price / Sales: 1.63
• Cash Flow: $3.71 per share
• Price / Cash Flow: 6.16
• Book Value: $20.33 per share
• Price / Book: 1.12

Miscellaneous

• Outstanding Shares: 96,110,000
• Free Float: 95,186,000
• Market Cap: $2.20 billion
• Optionable: Optionable
• Beta: 0.40