In a report released yesterday, A.J. Rice from Credit Suisse maintained a Hold rating on Premier (PINC – Research Report), with a price target of $33.00. The company’s shares closed last Friday at $26.70.
Rice covers the Healthcare sector, focusing on stocks such as Premier, Acadia Healthcare, and ACADIA Pharmaceuticals. According to TipRanks, Rice has an average return of 9.8% and a 59.84% success rate on recommended stocks.
In addition to Credit Suisse, Premier also received a Hold from UBS’s Kevin Caliendo in a report issued on May 4. However, on May 3, Benchmark Co. maintained a Buy rating on Premier (NASDAQ: PINC).
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PINC market cap is currently $3.18B and has a P/E ratio of 17.44.
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Premier, Inc. operates as a holding company with interests in health services. It specializes in data and analytics, supply chain solutions, advisory and other services. It operates through the Supply Chain Services and Performance Services segments. The Supply Chain Services segment offers products and services such as group purchasing, specialty pharmacy, direct sourcing, managed services, and Software-as-a-Service Informatics products. The Performance Services segment provides information technology analytics, and workflow automation and advisory services. The company was founded on May 14, 2013 and is headquartered in Charlotte, NC.
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