Premier Inc [NASDAQ: PINC] stock went on a downward path that fall over -0.57% on Wednesday, amounting to a one-week price increase of more than 4.55%.
Over the last 12 months, PINC stock rose by 31.08%. The one-year Premier Inc stock forecast points to a potential downside of -0.62. The average equity rating for PINC stock is currently 3.12, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.29 billion, with 82.54 million shares outstanding and 81.00 million shares in the current float. Compared to the average trading volume of 1.99M shares, PINC stock reached a trading volume of 4534527 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Premier Inc [PINC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PINC shares is $27.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PINC stock is a recommendation set at 3.12. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Benchmark Company have made an estimate for Premier Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 26, 2024. While these analysts kept the previous recommendation, Canaccord Genuity dropped their target price from $27 to $21. The new note on the price target was released on May 08, 2024, representing the official price target for Premier Inc stock. Previously, the target price had yet another raise to $22.50, while Leerink Partners analysts kept a Market Perform rating on PINC stock.
The Price to Book ratio for the last quarter was 1.50, with the Price to Cash per share for the same quarter was set at 1.01. Price to Free Cash Flow for PINC in the course of the last twelve months was 7.20 with Quick ratio for the last quarter at 0.62.
PINC Stock Performance Analysis:
Premier Inc [PINC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.55. With this latest performance, PINC shares gained by 8.13% in over the last four-week period, additionally plugging by 46.65% over the last 6 months – not to mention a rise of 31.08% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PINC stock in for the last two-week period is set at 64.52, with the RSI for the last a single of trading hit 0.87, and the three-weeks RSI is set at 0.80 for Premier Inc [PINC]. The present Moving Average for the last 50 days of trading for this stock 24.38, while it was recorded at 27.23 for the last single week of trading, and 21.70 for the last 200 days.
Insight into Premier Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Premier Inc [PINC] shares currently have an operating margin of 14.60% and a Gross Margin at 69.64%. Premier Inc’s Net Margin is presently recorded at 2.00%.
Premier Inc (PINC) Capital Structure & Debt Analysis
According to recent financial data for Premier Inc. ( PINC), the Return on Equity (ROE) stands at 3.56%, suggesting modest shareholder returns. The Return on Assets (ROA) is 1.90%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Premier Inc’s Return on Invested Capital (ROIC) is 1.32%, showcasing its effectiveness in deploying capital for earnings.
Premier Inc (PINC) Efficiency & Liquidity Metrics
Based on Premier Inc’s (PINC) latest financial statements, the Debt-to-Equity Ratio is 0.19%, indicating its reliance on debt financing relative to shareholder equity.
Premier Inc (PINC) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Premier Inc. (PINC) effectively leverages its workforce, generating an average of $7507.41 per employee. The company’s liquidity position is robust, with a Current Ratio of 0.62% and a Quick Ratio of 0.62%, indicating strong ability to cover short-term liabilities.
PINC Stock EPS
With the latest financial reports released by the company, Premier Inc posted 0.34/share EPS, while the average EPS was predicted by analysts to be reported at 0.25/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PINC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Premier Inc go to 4.81%.
Premier Inc [PINC] Institutonal Ownership Details
There are presently around $94.49%, or 95.82%% of PINC stock, in the hands of institutional investors. The top three institutional holders of PINC stocks are: BLACKROCK INC. with ownership of 14.15 million shares, which is approximately 13.4968%. VANGUARD GROUP INC, holding 12.26 million shares of the stock with an approximate value of $$228.89 million in PINC stocks shares; and VANGUARD GROUP INC, currently with $$117.83 million in PINC stock with ownership which is approximately 6.0198%.
