Out of 11 analysts covering Premier (NASDAQ:PINC), 9 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 82% are positive. Premier has been the topic of 13 analyst reports since October 7, 2015 according to StockzIntelligence Inc. Robert W. Baird maintained the stock on August 23 with “Outperform” rating. Below is a list of Premier Inc (NASDAQ:PINC) latest ratings and price target changes.
23/08/2016 Broker: Robert W. Baird Rating: Outperform Old Target: $41.00 New Target: $39.00 Maintain
23/08/2016 Broker: Barclays Capital Rating: Overweight Old Target: $41.00 New Target: $39.00 Maintain
23/08/2016 Broker: Citigroup Rating: Buy Old Target: $38.00 New Target: $40.00 Maintain
23/08/2016 Broker: Evercore Old Rating: Buy New Rating: Hold Downgrade
05/08/2016 Broker: Credit Suisse Rating: Outperform New Target: $39.00 Initiate
01/06/2016 Broker: Barclays Capital Rating: Overweight New Target: $41.00 Initiate
The stock increased 0.32% or $0.1 during the last trading session, hitting $31.71. About 436,996 shares traded hands. Premier Inc (NASDAQ:PINC) has risen 5.68% since February 8, 2016 and is uptrending. It has underperformed by 10.80% the S&P500.
Premier, Inc. is a healthcare improvement company. The company has a market cap of $4.53 billion. The Firm is uniting an alliance of approximately 3,600 United States hospitals and approximately 120,000 other providers to transform healthcare. It has a 6.75 P/E ratio. The Firm operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.
The institutional sentiment increased to 1.94 in Q2 2016. Its up 0.43, from 1.51 in 2016Q1. The ratio increased, as 13 funds sold all Premier Inc shares owned while 40 reduced positions. 32 funds bought stakes while 71 increased positions. They now own 46.38 million shares or 4.73% more from 44.29 million shares in 2016Q1.
Welch Capital Partners Llc Ny holds 4.34% of its portfolio in Premier Inc for 368,945 shares. Portolan Capital Management Llc owns 540,388 shares or 2.54% of their US portfolio. Moreover, Echo Street Capital Management Llc has 1.75% invested in the company for 1.28 million shares. The New York-based Alkeon Capital Management Llc has invested 1.58% in the stock. Vaughan Nelson Investment Management L.P., a Texas-based fund reported 1.58 million shares.
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