How Analysts Feel About Premier Inc. (PINC)?

As of Wednesday close, Premier Inc.’s (NASDAQ:PINC) stock was down -$0.51, moving down -1.94 percent to $25.82. The average number of shares traded per day over the past five days has been 848,320 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.08 fall in that time frame. In the last twenty days, the average volume was 1,156,320, while in the previous 50 days, it was 734,730.

Since last month, PINC stock retreated -20.70%. Shares of the company fell to $25.77 on 05/24/23, the lowest level in the past month. A 52-week high of $38.98 was reached on 01/04/23 after having rallying from a 52-week low of $25.91. Since the beginning of this year, PINC’s stock price has dropped by -26.19% or -$9.16, and marked a new high 2 times. However, the stock has declined by -33.76% since its 52-week high.

Valuation Metrics

Right now, Premier Inc. (PINC) has a P/E ratio of about 16.86. The stock’s beta is 0.31. Besides these, the trailing price-to-sales (P/S) ratio of 2.30, the price-to-book (PB) ratio of 1.31, and the price-to-cash flow ratio of 11.94 may also be considered.

The latest dividend of $0.21 per share was paid out, remained unchanged from last year’s $0.21. On Thursday August 4 2022, a $0.01 dividend increase was announced.

Financial Health

In the three months ended March 30, Premier Inc.’s quick ratio stood at 0.60, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.05, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 66.40% percent. In the year ended March 30, EBITDA margin amounted to 27.96%, whereas operating margins totaled 19.60%. Based on annual data, PINC earned $885.04 million in gross profit and brought in $1.43 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.50%. Return on equity (ROE) for the past 12 months was 8.00%.

In Premier Inc.’s quarter-end financial report for March 30, it reported total debt of $1.01 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PINC’s revenue fell -7.94% to $359.63 million during the quarter, while net income inched up to $322.23 million. While analysts expected Premier Inc. to report $0.58 quarterly earnings, the actual figure was $0.58 per share. During the quarter, the company generated $94.76 million in EBITDA. The liabilities of Premier Inc. were 1.18 billion at the end of its most recent quarter ended March 30, and its total debt was $498.36 million. The value of shareholders’ equity is $119.08 million.

Technical Picture

This quick technical analysis looks at Premier Inc.’s (PINC) price momentum. With a historical volatility rate of 10.63%, the RSI 9-day stood at 20.07% on 24 May.

With respect to its five-day moving average, the current Premier Inc. price is down by -4.01% percent or -$1.08. At present, PINC shares trade -21.09% below its 20-day simple moving average and -26.12% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.55% below its SMA50 and -31.86% below its SMA200.

Stochastic coefficient K was 11.91% and Stochastic coefficient D was 16.53%, while ATR was 0.64. Given the Stochastic reading of 2.11% for the 14-day period, the RSI (14) reading has been calculated as 23.88%. As of today, the MACD Oscillator reading stands at -0.45, while the 14-day reading stands at -0.53.

Analyst Ratings

Premier Inc. (PINC) has been rated Hold by analysts. According to 1 brokerage firm, PINC is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Premier Inc. stock as buy, with 4 recommending it as overweight.