Premier Inc [PINC] stock is trading at $19.99, up 1.22%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PINC shares have gain 4.60% over the last week, with a monthly amount drifted -2.39%, 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 August 26, 2024, when The Benchmark Company downgraded its rating to a Hold. Previously, Canaccord Genuity downgraded its rating to Hold on May 08, 2024, and dropped its price target to $21. On February 26, 2024, Leerink Partners initiated with a Market Perform rating and assigned a price target of $22.50 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $22 on January 03, 2024. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $25 on August 23, 2023. Robert W. Baird downgraded its rating to Neutral for this stock on May 03, 2023, and downed its price target to $30. In a note dated May 02, 2023, Raymond James downgraded an Mkt Perform rating on this stock.
Premier Inc [PINC] stock has fluctuated between $17.95 and $23.01 over the past year. Currently, Wall Street analysts expect the stock to reach $33.25 within the next 12 months. Premier Inc [NASDAQ: PINC] shares were valued at $19.99 at the most recent close of the market. An investor can expect a potential return of 66.33% based on the average PINC price forecast.
Analyzing the PINC fundamentals
Premier Inc [NASDAQ:PINC] reported sales of 1.35B for the trailing twelve months, which represents a growth of 2.91%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
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 19.68 points at the first support level, and at 19.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.17, and for the 2nd resistance point, it is at 20.34.
Ratios To Look Out For
For context, Premier Inc’s Current Ratio is 0.99. Also, the Quick Ratio is 0.89, while the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 1.49, the price to book ratio is 1.07 and price to earnings (TTM) ratio is 19.26.
Transactions by insiders
Recent insider trading involved Alkire Michael J., Officer, that happened on Oct 17 ’24 when 17900.0 shares were purchased. Chief Operating Officer, Anderson Leigh completed a deal on Oct 01 ’24 to sell 20000.0 shares. Meanwhile, President & CEO Alkire Michael J. sold 1264.0 shares on Sep 30 ’24.
