Equities research analysts at Evercore ISI began coverage on shares of Premier (NASDAQ:PINC) in a research report issued on Thursday, Marketbeat reports. The firm set an “in-line” rating and a $33.50 price target on the stock. Evercore ISI’s target price points to a potential upside of 2.70% from the stock’s previous close.

Other research analysts have also issued reports about the stock. BidaskClub upgraded shares of Premier from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded shares of Premier from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Wednesday, January 10th. Oppenheimer restated a “buy” rating and set a $40.00 price target on shares of Premier in a research report on Thursday, December 7th. SunTrust Banks reduced their price target on shares of Premier to $36.00 and set a “buy” rating for the company in a research report on Friday, November 17th. Finally, Citigroup assumed coverage on shares of Premier in a research report on Thursday, January 4th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Premier has a consensus rating of “Hold” and a consensus target price of $36.35.

Premier (NASDAQ:PINC) traded up $0.39 on Thursday, hitting $32.62. 432,747 shares of the stock were exchanged, compared to its average volume of 563,547. The stock has a market cap of $4,497.76, a price-to-earnings ratio of -7.79, a P/E/G ratio of 1.39 and a beta of 0.40. Premier has a 12-month low of $27.16 and a 12-month high of $36.50.

Premier (NASDAQ:PINC) last released its quarterly earnings results on Monday, November 6th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). The firm had revenue of $390.56 million for the quarter, compared to analysts’ expectations of $389.56 million. Premier had a net margin of 17.99% and a negative return on equity of 18.31%. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. equities research analysts predict that Premier will post 1.93 earnings per share 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 shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.52% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in PINC. Schwab Charles Investment Management Inc. grew its position in Premier by 10.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 148,579 shares of the company’s stock worth $5,349,000 after acquiring an additional 13,652 shares in the last quarter. Legal & General Group Plc grew its position in Premier by 10.6% in the second quarter. Legal & General Group Plc now owns 18,922 shares of the company’s stock worth $681,000 after acquiring an additional 1,819 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Premier by 13.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,185 shares of the company’s stock worth $115,000 after acquiring an additional 384 shares in the last quarter. Swiss National Bank grew its position in Premier by 2.9% in the second quarter. Swiss National Bank now owns 85,012 shares of the company’s stock worth $3,060,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in Premier by 17.2% in the second quarter. Schroder Investment Management Group now owns 18,471 shares of the company’s stock worth $664,000 after acquiring an additional 2,706 shares in the last quarter. Institutional investors own 38.36% of the company’s stock.

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About Premier

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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