For its first fiscal quarter (ending September 30), Premier Inc (NASDAQ: PINC) has reported a 89% increase in E.P.S. from $0.38 a year ago to $0.72 in the current quarter. For the latest four quarters through September 30, E.P.S. were $1.39 compared to $1.49 a year ago — a decline of -7%.
Recent Price Action
Premier Inc (NASDAQ: PINC) stock closed at $22.67 on 11/5/24 after a major increase of 13.3%. Moreover, trading volume in this advance was exceptionally high at 261% of normal. Relative to the market the stock has been weak over the last nine months but has risen 12.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PINC is expected to continue to be a Value Builder.
Premier has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Premier has a neutral Appreciation Score of 58 but a poor Power Rating of 27, and the Negative Value Trend Rating results.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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