Piper Jaffray Companies Reaffirms Hold Rating for Premier (PINC)
A number of other research analysts have also recently commented on the company. Oppenheimer restated a buy rating and issued a $40.00 target price on shares of Premier in a research note on Thursday, December 7th. JPMorgan Chase & Co. restated a neutral rating and issued a $30.00 target price on shares of Premier in a research note on Tuesday, December 19th. Citigroup started coverage on Premier in a research note on Thursday, January 4th. They issued a neutral rating for the company. SunTrust Banks lowered their target price on Premier to $36.00 and set a buy rating for the company in a research note on Friday, November 17th. Finally, Robert W. Baird reaffirmed a buy rating and set a $35.00 price objective on shares of Premier in a research report on Friday, November 10th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $36.35.
Premier (NASDAQ:PINC) opened at $31.61 on Wednesday. The company has a market capitalization of $4,538.23, a P/E ratio of -9.70, a PEG ratio of 1.40 and a beta of 0.50. Premier has a one year low of $27.16 and a one year high of $36.50.
Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in Premier during the 4th quarter valued at approximately $124,000. The Manufacturers Life Insurance Company increased its position in Premier by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock valued at $157,000 after buying an additional 315 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Premier by 30.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the company’s stock valued at $173,000 after buying an additional 1,132 shares in the last quarter. American Century Companies Inc. bought a new position in Premier during the 4th quarter valued at approximately $243,000. Finally, Suntrust Banks Inc. bought a new position in Premier during the 2nd quarter valued at approximately $276,000. 39.52% of the stock is owned by institutional investors.
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.
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