Premier (NASDAQ:PINC)‘s stock had its “hold” rating reaffirmed by equities research analysts at Evercore ISI in a report issued on Monday, AnalystRatings.com reports.

PINC has been the subject of a number of other research reports. Credit Suisse Group reiterated a “neutral” rating and set a $42.00 price target (down previously from $43.00) on shares of Premier in a research report on Tuesday, August 13th. Piper Jaffray Companies reiterated a “hold” rating on shares of Premier in a research report on Thursday, August 22nd. Jefferies Financial Group set a $43.00 price objective on Premier and gave the company a “buy” rating in a report on Thursday, September 26th. Zacks Investment Research cut Premier from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, UBS Group cut Premier from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $44.00 to $38.00 in a report on Thursday, October 31st. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $40.00.

Shares of PINC traded down $0.22 during trading hours on Monday, reaching $36.16. 602,200 shares of the company’s stock traded hands, compared to its average volume of 712,669. The stock has a market cap of $4.65 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.49 and a beta of 0.34. The firm’s 50 day simple moving average is $32.34 and its 200-day simple moving average is $36.22. Premier has a 12 month low of $27.37 and a 12 month high of $42.00.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.02. The firm had revenue of $302.40 million during the quarter, compared to the consensus estimate of $295.50 million. Premier had a negative return on equity of 51.84% and a net margin of 17.74%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. Analysts expect that Premier will post 2.67 earnings per share for the current year.

In related news, CFO Craig S. Mckasson sold 3,013 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $37.02, for a total transaction of $111,541.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William E. Mayer sold 4,000 shares of Premier stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $37.45, for a total value of $149,800.00. Following the completion of the transaction, the director now directly owns 13,763 shares in the company, valued at $515,424.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,315 shares of company stock worth $416,586. 17.67% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in PINC. CWM LLC increased its stake in Premier by 160.3% in the 3rd quarter. CWM LLC now owns 1,244 shares of the company’s stock worth $36,000 after purchasing an additional 766 shares during the period. Meeder Asset Management Inc. purchased a new position in Premier in the 3rd quarter worth approximately $52,000. Financial Gravity Wealth Inc. increased its stake in Premier by 401.7% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,067 shares of the company’s stock worth $81,000 after purchasing an additional 1,655 shares during the period. Tower Research Capital LLC TRC increased its stake in Premier by 11.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the company’s stock worth $83,000 after purchasing an additional 297 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new position in Premier in the 2nd quarter worth approximately $100,000. 50.48% of the stock is currently owned by institutional investors and hedge funds.

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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