At the time of writing, Premier Inc [PINC] stock is trading at $18.50, down -0.43%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PINC shares have gain 0.16% over the last week, with a monthly amount drifted -2.22%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Premier Inc [NASDAQ: PINC] stock has seen the most recent analyst activity on May 08, 2024, when Canaccord Genuity downgraded its rating to a Hold and also revised its price target to $21 from $27. Previously, Leerink Partners started tracking the stock with Market Perform rating on February 26, 2024, and set its price target to $22.50. On January 03, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $22 on the stock. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $25 on August 23, 2023. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $30 on May 03, 2023. Raymond James downgraded its rating to Mkt Perform for this stock on May 02, 2023. In a note dated January 27, 2023, Credit Suisse upgraded an Neutral rating on this stock but restated the target price of $38.
For the past year, the stock price of Premier Inc fluctuated between $17.95 and $28.30. Currently, Wall Street analysts expect the stock to reach $39.75 within the next 12 months. Premier Inc [NASDAQ: PINC] shares were valued at $18.50 at the most recent close of the market. An investor can expect a potential return of 114.86% based on the average PINC price forecast.
Analyzing the PINC fundamentals
According to Premier Inc [NASDAQ:PINC], the company’s sales were 1.34B for trailing twelve months, which represents an 6.32% jump. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.44 points at the first support level, and at 18.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.62, and for the 2nd resistance point, it is at 18.73.
Ratios To Look Out For
It is important to note that Premier Inc [NASDAQ:PINC] has a current ratio of 0.92. Further, the Quick Ratio stands at 0.81, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 1.01 and price to earnings (TTM) ratio is 28.81.
Transactions by insiders
Recent insider trading involved Anderson Leigh, Chief Operating Officer, that happened on Jul 01 ’24 when 20000.0 shares were sold. General Counsel, Klatsky David L completed a deal on Jun 10 ’24 to sell 13339.0 shares. Meanwhile, Chief Commercial Officer Brailo Andy sold 13318.0 shares on May 28 ’24.
