17-May-2024
Premier Inc. (PINC): Sell Recommendation Amid Revenue Pressures and Cost-Cutting Challenges
TipRanks (Wed, 15-May 5:42 AM ET)
Premier, Inc. to Participate in BofA Securities Healthcare Conference on May 14, 2024
Business Wire (Thu, 9-May 9:00 AM ET)
Business Wire (Wed, 8-May 8:00 AM ET)
Premier, Inc. Reports Fiscal-Year 2024 Third-Quarter Results
Business Wire (Tue, 7-May 6:30 AM ET)
Premier, Inc. Declares Quarterly Cash Dividend
Business Wire (Fri, 26-Apr 8:30 AM ET)
Premier's PINC AI and Fortune Name the Nation's 100 Top Hospitals
Business Wire (Tue, 16-Apr 2:43 PM ET)
Premier, Inc. to Report Fiscal 2024 Third-Quarter Results and Host Conference Call on May 7, 2024
Business Wire (Tue, 16-Apr 8:15 AM ET)
Premier, Inc. to Participate in Barclays Global Healthcare Conference on March 12, 2024
Business Wire (Tue, 5-Mar 8:30 AM ET)
Premier Inc is a Charlotte, North Carolina-based national group purchasing organization providing primary supply chain services to large hospital systems and more recently to alternate outpatient locations as it expands its footprint. Through acquisitions, the company also offers a compliment of advisory services and consulting services along with software-as-a-service-based subscriptions. The company's revenue is all sourced domestically and is reported in two business segments: the core supply chain services (approximately 70% of fiscal 2019 revenue) and the consulting and technology platform of performance services (approximately 30%).
Premier - Class A trades on the NASDAQ stock market under the symbol PINC.
As of May 17, 2024, PINC stock price declined to $19.66 with 1,273,314 million shares trading.
PINC has a beta of 0.67, meaning it tends to be less sensitive to market movements. PINC has a correlation of 0.10 to the broad based SPY ETF.
PINC has a market cap of $2.06 billion. This is considered a Mid Cap stock.
Last quarter Premier - Class A reported $343 million in Revenue and $.55 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.07.
In the last 3 years, PINC stock traded as high as $42.15 and as low as $18.65.
The top ETF exchange traded funds that PINC belongs to (by Net Assets): IJR, VTI, VB, FVD, VBR.
PINC has underperformed the market in the last year with a price return of -24.0% while the SPY ETF gained +30.7%. PINC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.9% and -7.4%, respectively, while the SPY returned +6.3% and +4.8%, respectively.
PINC support price is $19.50 and resistance is $20.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PINC stock will trade within this expected range on the day.