At the time of writing, Premier Inc [PINC] stock is trading at $22.90, down -0.17%. 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 3.67% over the last week, with a monthly amount glided 6.46%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Premier Inc fluctuated between $17.95 and $23.56. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. Premier Inc [NASDAQ: PINC] shares were valued at $22.90 at the most recent close of the market. An investor can expect a potential drop of -12.66% based on the average PINC price forecast.
Analyzing the PINC fundamentals
According to Premier Inc [NASDAQ:PINC], the company’s sales were 1.28B for trailing twelve months, which represents an -22.15% plunge. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 22.79 points at the first support level, and at 22.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.08, and for the 2nd resistance point, it is at 23.25.
Ratios To Look Out For
It is important to note that Premier Inc [NASDAQ:PINC] has a current ratio of 1.09. Also, the Quick Ratio is 1.09, while the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 1.73, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 16.76.
Transactions by insiders
Recent insider trading involved McKasson Craig S., Officer, that happened on Jan 07 ’25 when 15000.0 shares were purchased. Director, Boudreau Helen M completed a deal on Jan 06 ’25 to sell 2500.0 shares. Meanwhile, Director Boudreau Helen M bought 2500.0 shares on Jan 06 ’25.
