Credit Suisse Initiates Coverage on Premier Inc to Outperform

Credit Suisse Initiates Coverage on Premier Inc(NASDAQ:PINC). The shares have been rated Outperform. The rating by Credit Suisse was issued on Aug 5, 2016.

In a different note, Barclays said it Initiates Coverage on Premier Inc, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Overweight’ by the firm.

Premier Inc (PINC) shares turned negative on Wednesdays trading session with the shares closing down -0.51 points or -1.56% at a volume of 5,02,936. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.99. The peak price level was also seen at $32.99 while the days lowest was $32.045. Finally the shares closed at $32.12. The 52-week high of the shares is $37.69 while the 52-week low is $29.68. According to the latest information available, the market cap of the company is $1,464 M.

Premier Inc(PINC) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $298.67M. Analysts had an estimated revenue of $302.86M. Earnings per share were $0.44. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, Durral R. Gilbert (President of Supply Chain Svcs) sold 20,000 shares at $34.00 per share price.Also, On Jul 6, 2016, R. Wesley Champion (Sr. VP Premier Perf. Partners) sold 25,049 shares at $33.23 per share price.On May 11, 2016, Keith J. Figlioli (Sr. VP Healthcare Informatics) sold 28,715 shares at $34.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Premier Inc. is a healthcare improvement company. The Company is uniting an alliance of approximately 3600 United States hospitals and approximately 120000 other providers to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics supply chain solutions advisory services performance improvement collaborative and other services. The Company plays a role in the healthcare industry collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide.

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