Premier Stock Today

PINC Stock  USD 21.79  0.66  3.12%   

Performance

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Odds Of Distress

Less than 13

 
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Premier is trading at 21.79 as of the 19th of March 2024, a 3.12 percent up since the beginning of the trading day. The stock's open price was 21.13. Premier has less than a 13 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Premier are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of November 2022 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
26th of September 2013
Category
Healthcare
Classification
Health Care
Premier, Inc., together with its subsidiaries, operates as a healthcare improvement company in the United States. Premier, Inc. was incorporated in 2013 and is headquartered in Charlotte, North Carolina. Premier Inc operates under Health Information Services classification in the United States and is traded on NASDAQ Exchange. The company has 119.82 M outstanding shares of which 5.42 M shares are at this time shorted by private and institutional investors with about 3.25 trading days to cover. More on Premier

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Premier Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Premier's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Premier or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOSusan Devore
Business ConcentrationHealth Care Providers & Services, Health Care Equipment & Services, Health Care, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, NASDAQ Health Care, Health Care, Health Care Providers & Services, Health Information Services, Healthcare (View all Sectors)
Average Analyst Recommendation
Analysts covering Premier report their recommendations after researching Premier's financial statements, talking to executives and customers, or listening in on Premier's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Premier. The Premier consensus assessment is calculated by taking the average forecast from all of the analysts covering Premier.
Financial Strength
Based on the analysis of Premier's profitability, liquidity, and operating efficiency, Premier may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Premier is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.03940.0467
Fairly Down
Slightly volatile
Asset Turnover0.770.46
Way Up
Slightly volatile
Gross Profit Margin0.70.77
Moderately Down
Pretty Stable
Total Current Liabilities491.3 M937.8 M
Way Down
Slightly volatile
Non Current Liabilities Total189.5 M199.5 M
Notably Down
Slightly volatile
Total Assets2.4 B3.9 B
Way Down
Slightly volatile
Total Current Assets575.6 M737.9 M
Significantly Down
Slightly volatile
Total Cash From Operating Activities440 M511.2 M
Fairly Down
Slightly volatile
Premier's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Premier's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Premier's financial leverage. It provides some insight into what part of Premier's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Premier's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Premier deploys its capital and how much of that capital is borrowed.
Liquidity
Premier cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 440.33 M in liabilities with Debt to Equity (D/E) ratio of 0.22, which may suggest the company is not taking enough advantage from borrowing. Premier has a current ratio of 0.84, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Premier until it has trouble settling it off, either with new capital or with free cash flow. So, Premier's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Premier sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Premier to invest in growth at high rates of return. When we think about Premier's use of debt, we should always consider it together with cash and equity.

Change In Cash

3.45 Million
Premier (PINC) is traded on NASDAQ Exchange in USA. It is located in 13034 Ballantyne Corporate Place, Charlotte, NC, United States, 28277 and employs 2,800 people. Premier is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.6 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Premier's market, we take the total number of its shares issued and multiply it by Premier's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Premier conducts business under Health Care Providers & Services sector and is part of Health Care industry. The entity has 119.82 M outstanding shares of which 5.42 M shares are at this time shorted by private and institutional investors with about 3.25 trading days to cover. Premier currently holds about 86.14 M in cash with 444.54 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.73.
Check Premier Probability Of Bankruptcy
Ownership Allocation
Premier owns a total of 119.82 Million outstanding shares. The majority of Premier outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Premier to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Premier. Please pay attention to any change in the institutional holdings of Premier as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Premier Ownership Details

Premier Stock Price Odds Analysis

What are Premier's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Premier jumping above the current price in 90 days from now is about 34.32%. The Premier probability density function shows the probability of Premier stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.3739 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Premier will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Premier is significantly underperforming NYSE Composite.
  Odds Below 21.79HorizonTargetOdds Above 21.79
65.26%90 days
 21.79 
34.32%
Based on a normal probability distribution, the odds of Premier to move above the current price in 90 days from now is about 34.32 (This Premier probability density function shows the probability of Premier Stock to fall within a particular range of prices over 90 days) .

Premier Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Premier that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Premier's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Premier's value.
InstituionRecorded OnShares
Allspring Global Investments Holdings, Llc2023-12-31
1.4 M
Charles Schwab Investment Management Inc2023-12-31
1.4 M
First Trust Advisors L.p.2023-12-31
1.3 M
Renaissance Technologies Corp2023-12-31
1.1 M
Fort Washington Investment Advisors Inc2023-12-31
M
Voloridge Investment Management, Llc2023-09-30
996.5 K
River Road Asset Management, Llc2023-12-31
839 K
Bank Of America Corp2023-12-31
792.8 K
Northern Trust Corp2023-12-31
753.5 K
Blackrock Inc2023-12-31
16.3 M
Vanguard Group Inc2023-12-31
14.2 M
View Premier Diagnostics

Premier Historical Income Statement

Premier Income Statement is one of the three primary financial statements used for reporting Premier's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Premier revenue and expense. Premier Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Premier's Operating Income is projected to decrease significantly based on the last few years of reporting. The current year's EBIT is expected to grow to about 245.8 M, whereas Depreciation And Amortization is forecasted to decline to about 102.9 M. View More Fundamentals

Premier Stock Against Markets

Picking the right benchmark for Premier stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Premier stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Premier is critical whether you are bullish or bearish towards Premier at a given time. Please also check how Premier's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Premier without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Premier Corporate Directors

Premier corporate directors refer to members of a Premier board of directors. The board of directors generally takes responsibility for the Premier's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Premier's board members must vote for the resolution. The Premier board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Premier Stock?

Before investing in Premier, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Premier. To buy Premier stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Premier. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Premier stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Premier stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Premier stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Premier, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Premier Stock please use our How to Invest in Premier guide.

Already Invested in Premier?

The danger of trading Premier is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Premier is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Premier. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Premier is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Premier offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Premier's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Premier Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Premier Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premier. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Premier Stock refer to our How to Trade Premier Stock guide.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Premier Stock analysis

When running Premier's price analysis, check to measure Premier's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Premier is operating at the current time. Most of Premier's value examination focuses on studying past and present price action to predict the probability of Premier's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premier's price. Additionally, you may evaluate how the addition of Premier to your portfolios can decrease your overall portfolio volatility.
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Is Premier's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Premier. If investors know Premier will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Premier listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.17)
Dividend Share
0.84
Earnings Share
1.39
Revenue Per Share
11.037
Quarterly Revenue Growth
(0.07)
The market value of Premier is measured differently than its book value, which is the value of Premier that is recorded on the company's balance sheet. Investors also form their own opinion of Premier's value that differs from its market value or its book value, called intrinsic value, which is Premier's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Premier's market value can be influenced by many factors that don't directly affect Premier's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Premier's value and its price as these two are different measures arrived at by different means. Investors typically determine if Premier is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Premier's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.