Somewhat Positive Media Coverage Somewhat Unlikely to Impact Premier (PINC) Share Price

News headlines about Premier (NASDAQ:PINC) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Premier earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.7945870974404 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Premier (PINC) traded down $0.02 during mid-day trading on Wednesday, reaching $32.25. 891,279 shares of the company’s stock were exchanged, compared to its average volume of 727,891. Premier has a 12 month low of $27.16 and a 12 month high of $36.50. The firm has a market capitalization of $4,500.00, a PE ratio of -13.11, a P/E/G ratio of 1.39 and a beta of 0.40.

Premier (NASDAQ:PINC) last released its quarterly earnings data on Monday, November 6th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). Premier had a negative return on equity of 18.31% and a net margin of 17.99%. The company had revenue of $390.56 million for the quarter, compared to analyst estimates of $389.56 million. During the same period in the previous year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. sell-side analysts predict that Premier will post 1.9 EPS for the current fiscal year.

PINC has been the topic of several analyst reports. Robert W. Baird reaffirmed a “buy” rating and issued a $35.00 target price on shares of Premier in a report on Friday, November 10th. Oppenheimer reaffirmed a “buy” rating and issued a $40.00 target price on shares of Premier in a report on Thursday, December 7th. BidaskClub raised shares of Premier from a “strong sell” rating to a “sell” rating in a report on Thursday, January 11th. SunTrust Banks reduced their target price on shares of Premier to $36.00 and set a “buy” rating on the stock in a report on Friday, November 17th. Finally, Zacks Investment Research raised shares of Premier from a “sell” rating to a “hold” rating in a report on Thursday, November 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Premier presently has a consensus rating of “Hold” and an average target price of $36.67.

In other Premier news, COO Michael J. Alkire sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $29.90, for a total transaction of $747,500.00. Following the sale, the chief operating officer now owns 180,550 shares of the company’s stock, valued at $5,398,445. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 17.52% of the stock is currently owned by company insiders.

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Premier Company Profile

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.

Insider Buying and Selling by Quarter for Premier (NASDAQ:PINC)

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