Premier (PINC) Receiving Somewhat Favorable Press Coverage, Report Shows

Media headlines about Premier (NASDAQ:PINC) have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Premier earned a media sentiment score of 1.72 on their scale. InfoTrie also assigned headlines about the company an news buzz score of 1 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the next several days.

A number of analysts have issued reports on PINC shares. Zacks Investment Research raised Premier from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. UBS Group began coverage on Premier in a report on Thursday, January 17th. They set a “buy” rating and a $45.00 price target for the company. ValuEngine cut Premier from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Finally, BidaskClub cut Premier from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.70.

Shares of PINC opened at $31.97 on Friday. Premier has a 1 year low of $28.81 and a 1 year high of $47.22. The stock has a market capitalization of $4.14 billion, a PE ratio of 45.67, a P/E/G ratio of 1.17 and a beta of 0.49.

Premier (NASDAQ:PINC) last released its quarterly earnings results on Tuesday, February 5th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.58 by $0.08. The company had revenue of $421.86 million for the quarter, compared to analyst estimates of $417.09 million. Premier had a negative return on equity of 25.06% and a net margin of 21.63%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. As a group, sell-side analysts expect that Premier will post 2.43 earnings per share for the current fiscal year.

In other news, insider Craig S. Mckasson sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $37.55, for a total value of $1,877,500.00. Following the transaction, the insider now owns 135,709 shares of the company’s stock, valued at $5,095,872.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen R. D’arcy sold 3,733 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $36.90, for a total value of $137,747.70. Following the completion of the transaction, the director now directly owns 10,676 shares in the company, valued at approximately $393,944.40. The disclosure for this sale can be found here. Insiders own 18.30% of the company’s stock.

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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.

See Also: Compound Annual Growth Rate (CAGR)

Insider Buying and Selling by Quarter for Premier (NASDAQ:PINC)

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