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As of close of business last night, Premier Inc’s stock clocked out at $20.01, up 1.78% from its previous closing price of $19.66. In other words, the price has increased by $1.78 from its previous closing price. On the day, 0.51 million shares were traded. PINC stock price reached its highest trading level at $20.061 during the session, while it also had its lowest trading level at $19.795.
Ratios:
To gain a deeper understanding of PINC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.89. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 0.92. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.32.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Canaccord Genuity on May 08, 2024, Downgraded its rating to Hold and sets its target price to $21 from $27 previously.
On February 26, 2024, Leerink Partners started tracking the stock assigning a Market Perform rating and target price of $22.50.
On January 03, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $22.Barclays initiated its Equal Weight rating on January 03, 2024, with a $22 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 14 ’24 when McKasson Craig S. sold 10,000 shares for $20.00 per share. The transaction valued at 200,000 led to the insider holds 278,110 shares of the business.
McKasson Craig S. bought 10,000 shares of PINC for $200,000 on Aug 14 ’24. On Jul 31 ’24, another insider, Alkire Michael J., who serves as the President & CEO of the company, sold 18,771 shares for $21.12 each. As a result, the insider received 396,444 and left with 543,927 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PINC now has a Market Capitalization of 2097448192 and an Enterprise Value of 2151315712. As of this moment, Premier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.16, and their Forward P/E ratio for the next fiscal year is 9.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 1.61 whereas that against EBITDA is 5.035.
Stock Price History:
The Beta on a monthly basis for PINC is 0.41, which has changed by -0.2247634 over the last 52 weeks, in comparison to a change of 0.24841464 over the same period for the S&P500. Over the past 52 weeks, PINC has reached a high of $26.66, while it has fallen to a 52-week low of $17.95. The 50-Day Moving Average of the stock is 4.09%, while the 200-Day Moving Average is calculated to be -2.71%.
Shares Statistics:
It appears that PINC traded 1.36M shares on average per day over the past three months and 832990 shares per day over the past ten days. A total of 119.16M shares are outstanding, with a floating share count of 103.28M. Insiders hold about 1.47% of the company’s shares, while institutions hold 83.43% stake in the company. Shares short for PINC as of 1722384000 were 7341755 with a Short Ratio of 5.41, compared to 1719532800 on 6610620. Therefore, it implies a Short% of Shares Outstanding of 7341755 and a Short% of Float of 9.6499994.
Dividends & Splits
With its trailing 12-month dividend rate of 0.84, PINC has a forward annual dividend rate of 0.84. Against a Trailing Annual Dividend Yield of 0.042726345
Earnings Estimates
The dynamic stock of Premier Inc (PINC) is currently attracting attention from 10.0 analysts actively involved in rating its market status.The consensus estimate for the next quarter is $0.53, with high estimates of $0.55 and low estimates of $0.52.
Analysts are recommending an EPS of between $2.25 and $2.13 for the fiscal current year, implying an average EPS of $2.18. EPS for the following year is $2.22, with 9.0 analysts recommending between $2.37 and $1.93.
Revenue Estimates
In the current quarter, 8 analysts expect revenue to total $313.21M. It ranges from a high estimate of $324.21M to a low estimate of $298.76M. As of the current estimate, Premier Inc’s year-ago sales were $340.36MFor the next quarter, 8 analysts are estimating revenue of $308.8M. There is a high estimate of $331.13M for the next quarter, whereas the lowest estimate is $259.44M.
A total of 9 analysts have provided revenue estimates for PINC’s current fiscal year. The highest revenue estimate was $1.32B, while the lowest revenue estimate was $1.29B, resulting in an average revenue estimate of $1.31B. In the same quarter a year ago, actual revenue was $1.34BBased on 9 analysts’ estimates, the company’s revenue will be $1.26B in the next fiscal year. The high estimate is $1.33B and the low estimate is $1.04B.
