CCORF analyst Richard Close maintains $Premier (PINC.US)$ with a hold rating, and maintains the target price at $21.
According to TipRanks data, the analyst has a success rate of 50.9% and a total average return of 11.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Premier (PINC.US)$'s main analysts recently are as follows:
Following the company's fiscal Q1 report, there is a suggestion that the Net admin fees may be stabilizing, which could create a positive situation for the fiscal year 2025.
Premier began fiscal year 2025 with strong results, surpassing revenue, EBITDA, and EPS expectations. Despite these solid results, there is still caution regarding the risk of deleveraging from net administration fee pressure with the evolving competitive landscape.
The firm observed that despite a low valuation and negative sentiment, the company had a positive performance. With strong utilization by health systems and growing member purchasing, concerns remain for the latter part of the fiscal year due to the GPO contract renewal process and potential increases in fee sharing.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
