Premier Inc (NASDAQ: PINC) has reported earnings for its fourth fiscal quarter (ending June 30) of $0.58 versus $0.18 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.05 versus $1.47 for the same period a year ago.
Recent Price Action
Premier Inc (NASDAQ: PINC) stock increased 1.0% on 8/20/24. The shares closed at $20.23. Moreover, unusually high trading volume at 160% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 3.7% 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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Premier has a good Appreciation Score of 84 but a very low Power Rating of 15, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment