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Tuesday, January 31, 2023

Is Premier Inc. (NASDAQ: PINC) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Premier Inc. (PINC) shows that investor sentiment remained same, with the stock’s consolidated last price remained same by $0.00, or 0.00%, to $34.31. The Premier Inc. has recorded 15,814 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Premier, Inc. to Report Fiscal 2023 Second-Quarter Results and Host Conference Call on February 7, 2023.


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Stocks Info

Premier Inc. is listed on the NASDAQ in the Healthcare sector while operating in the Health Information Services industry. At the end of the last regular session, the stock closed at $34.31 and fluctuated between $35.03 as its day high and $34.29 as its day low. The current market capitalization of Premier Inc. is $4.06B. A total of 0.79 million shares were traded on the day, compared to an average of 504.16K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PINC has seen 11 BUY and 3 SELL insider trades, representing the acquisition of 42,678 and the disposition of 5,856 shares. Over the last 12 months, there were 25 BUYs and 15 SELLs from insiders. Insiders purchased 388,191 shares during that period but sold 106,589.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Premier Inc. pays an annual dividend of $0.84, resulting in a dividend yield of 2.45%, and it has a price to earnings (P/E) ratio of 22.24. PINC’s most recent ex-dividend date was 11/30/2022 when it declared a $0.21 quarterly dividend that was paid in cash on 12/15/2022. Previously, the company paid the dividend on 9/15/2022 with an ex-dividend date of 8/31/2022. The PINC stock dividend was $0.21 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PINC in the last 3 months, the mean price target is $39.08 with high estimates of $46.00 and low estimates of $30.00. In terms of 52-week highs and lows, PINC has a high of $40.59 and a low of $30.82.

As of this writing, PINC has an earnings estimate of $0.59 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.64 per share and a lower estimate of $0.53. The company reported an EPS of $0.57 in the last quarter, which was -1.70% lower than expectations of $0.58.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PINC is Hold with a score of 4.11. A total of 4 analysts rated the stock as Buy while 2 rated it as Overweight while 4 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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