A share price of Premier Inc [PINC] is currently trading at $18.90, up 0.85%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PINC shares have gain 4.88% over the last week, with a monthly amount drifted -14.44%, and not 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.
Premier Inc experienced fluctuations in its stock price throughout the past year between $17.69 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 $18.90 at the most recent close of the market. An investor can expect a potential return of 5.82% based on the average PINC price forecast.
Analyzing the PINC fundamentals
Trailing Twelve Months sales for Premier Inc [NASDAQ:PINC] were 1.18B which represents -28.22% decline. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.
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 18.68 points at the first support level, and at 18.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.07, and for the 2nd resistance point, it is at 19.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Premier Inc [NASDAQ:PINC] is 0.83. In addition, the Quick Ratio stands at 0.83 and the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 1.46, the price to book ratio is 1.01.
Transactions by insiders
Recent insider trading involved McKasson Craig S., Former Officer, that happened on Feb 04 ’25 when 15000.0 shares were purchased. Officer, McKasson Craig S. completed a deal on Jan 07 ’25 to buy 15000.0 shares. Meanwhile, Director Boudreau Helen M sold 2500.0 shares on Jan 06 ’25.
