Premier Inc. (NASDAQ: PINC) is -27.22% lower on its value in year-to-date trading and has touched a low of $25.77 and a high of $38.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PINC stock was last observed hovering at around $25.82 in the last trading session, with the day’s loss setting it -0.36% off its average median price target of $31.00 for the next 12 months. It is also 42.14% off the consensus price target high of $44.00 offered by 12 analysts, but current levels are 2.08% higher than the price target low of $26.00 for the same period.
Currently trading at $25.46, the stock is -8.33% and -16.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing -1.39% at the moment leaves the stock -22.82% off its SMA200. PINC registered -31.78% loss for a year compared to 6-month loss of -22.64%. The firm has a 50-day simple moving average (SMA 50) of $2.76 and a 200-day simple moving average (SMA200) of $8.93.
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The stock witnessed a -22.19% gain in the last 1 month and extending the period to 3 months gives it a -22.54%, and is -4.54% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.65% over the week and 2.66% over the month.
Premier Inc. (PINC) has around 2600 employees, a market worth around $3.03B and $1.34B in sales. Current P/E ratio is 16.63 and Fwd P/E is 9.58. Profit margin for the company is 13.70%. Distance from 52-week low is -1.20% and -34.68% from its 52-week high. The company has generated returns on investments over the last 12 months (7.50%).
Premier Inc. (PINC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Premier Inc. (PINC) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 2.70, where 6 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Premier Inc. is expected to release its quarterly report on 08/15/2023.The EPS is expected to shrink by -1.50% this year
Premier Inc. (PINC) Top Institutional Holders
The shares outstanding are 118.87M, and float is at 118.19M with Short Float at 1.48%.
Premier Inc. (PINC) Insider Activity
A total of 13 insider transactions have happened at Premier Inc. (PINC) in the last six months, with sales accounting for 3 and purchases happening 10 times.
Premier Inc. (PINC): Who are the competitors?
The company’s main competitors (and peers) include InfuSystem Holdings Inc. (INFU) that is trading 3.61% up over the past 12 months and CorVel Corporation (CRVL) that is 35.86% higher over the same period. McKesson Corporation (MCK) is 20.25% up on the 1-year trading charts.
