With 2.06 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.22 million shares. The 52-week range on PINC shows that it touched its highest point at $23.56 and its lowest point at $17.69 during that stretch. It currently has a 1-year price target of $19.44. With its current market cap of 1.66 billion, PINC has annualized dividend of $0.84 while the current yield stands at 4.61%. Beta for the stock currently stands at 0.39.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PINC was down-trending over the past week, with a drop of -2.77%, but this was down by -20.58% over a month. Three-month performance dropped to -18.73% while six-month performance fell -11.12%. The stock lost -15.73% in the past year, while it has lost -14.06% so far this year. A look at the trailing 12-month EPS for PINC yields -0.10 with Next year EPS estimates of 1.34. For the next quarter, that number is 0.30. This implies an EPS growth rate of -45.62% for this year and 4.30% for next year.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PINC since 7 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.1876 being high and $2.1575 being low. For PINC, this leads to a yearly average estimate of $2.17757. Based on analyst estimates, the high estimate for the next quarter is $0.44 and the low estimate is $0.28. The average estimate for the next quarter is thus $0.37.
