Premier: Makes Sense At 8.75% Trailing FCF Yield, EPS Upsides [Seeking Alpha]
Premier, Inc. - Class A (PINC)
Last premier, inc. - class a earnings: 2/4 07:00 am
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US:NASDAQ Investor Relations:
investors.premierinc.com/overview/default.aspx
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Source: Seeking Alpha
industryview/iStock via Getty ImagesInvestment SummaryHere at HBI, we are uniquely positioned at various points along the healthcare value chain in our broad healthcare exposure. Specifically, we are long healthcare stocks all the way from services, product sales, manufacturing, and even supply chain. With respectto the latter, we're here today to discuss our latest findings on Premier, Inc. (NASDAQ:PINC), a stock that benefitted tremendously from the effects of Covid-19 on healthcare supply chains.We'd first note that PINC has re-rated heavily to the downside in FY22 [see chart below], and the question now turns to whether this is an exciting time for entry or not. We can now buy PINC at 13.7x trailing adjusted EPS and a 8.75% trailing free cash flow ("FCF") yield, whilst our calculations suggest further EPS upside ahead. Net-net, we rate PINC a buy on valuation and forward earnings growth, seeking a price objective of ~$40.PINC 24-month price evolution [weekly bars, log scale]Data:
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High impacting Premier, Inc. - Class A news events
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PINC
News
- Premier, Inc. (NASDAQ: PINC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Premier, Inc. to Participate in BofA Securities Healthcare Conference on May 14, 2024Business Wire
- Premier, Inc. (NASDAQ: PINC) had its price target lowered by analysts at Piper Sandler from $24.00 to $22.00. They now have a "neutral" rating on the stock.MarketBeat
- Premier, Inc. (NASDAQ:PINC) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Premier, Inc. (NASDAQ: PINC) had its price target lowered by analysts at Robert W. Baird from $25.00 to $22.00. They now have a "neutral" rating on the stock.MarketBeat
PINC
Earnings
- 5/7/24 - Beat
PINC
Sec Filings
- 5/8/24 - Form 8-K
- 5/7/24 - Form 10-Q
- 4/16/24 - Form 8-K
- PINC's page on the SEC website