Piper Jaffray Companies reiterated their hold rating on shares of Premier (NASDAQ:PINC) in a research note issued to investors on Wednesday.

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.

Premier (NASDAQ:PINC) last released its earnings results on Monday, February 5th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. The company had revenue of $411.40 million during the quarter, compared to analysts’ expectations of $393.35 million. Premier had a negative return on equity of 18.21% and a net margin of 14.14%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. analysts forecast that Premier will post 1.93 earnings per share for the current year.

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.

WARNING: “Piper Jaffray Companies Reaffirms Hold Rating for Premier (PINC)” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.dailypolitical.com/2018/02/08/piper-jaffray-companies-reaffirms-hold-rating-for-premier-pinc.html.

About Premier

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.

Analyst Recommendations for Premier (NASDAQ:PINC)

Receive News & Ratings for Premier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier and related companies with MarketBeat.com's FREE daily email newsletter.