Zacks Investment Research analysts recently upgraded the rating of Premier Inc. to “Buy” from an earlier “Hold” rating in a report issued by the firm on Thursday, January 21st. The current target price consensus issued by Zacks to PINC stocks is $39.00. This suggests a potential upside for the information security solutions company of about 9.49% since its last close.
Zacks’ report mentions that the company is currently under a growing curve. It further mentions there has been an increase in the global demand of these companies. Premier Inc. hospital and healthcare company strives to deliver enhanced and effective health systems. The company is likely to boost further as they work on strategic insights to impact real-world results.
NASDAQ: PINC Stock Analysis
Premier Inc. stocks traded at $35.62 this Thursday. The company’ current market capitalization stands at $4.35 billion. It has a negative PE ratio of 6.82 along with a beta of 0.26 at the moment. The 12-monthly high to low ranges from $37.79 to $27.11. The 50SMA (50 Days Simple Moving Average) stands at $35.85 and its 200SMA stands at $34.16.
The quarterly earnings report for the previous quarter was released on the 2nd of November. The earnings stood at $0.57 EPS as opposed to the general consensus of $0.49 proposed by analysts at Thomson Reuters. The company’s return on equity stands at 65.81% along with the net margin of 3.26%. The estimated income for the firm was marked at $305.32 million but it made $346.90 million for the quarter. The FY2021 EPS might stand at 2.1 according to analysts.
NASDAQ: PINC has recently been the subject of a lot of reports by research analysts. Some such as Piper Sandler, Jefferies Financial Group, Credit Suisse Group, Canaccord Genuity, Berenberg Bank, and so on have posted reports on this company over the last few months.
The recent consensus on this company’s stocks stands at “Hold” rating with $37.73 as a consensus on the target price. Several hedge funds have also been involved in buying and selling of NASDAQ: PINC shares recently.