Primo Water (PRMW) Given a $18.00 Price Target by B. Riley Analysts
Primo Water (NASDAQ:PRMW) received a $18.00 price target from stock analysts at B. Riley in a report released on Monday. The brokerage presently has a “buy” rating on the stock. B. Riley’s price objective points to a potential upside of 41.07% from the stock’s current price.
Several other research firms have also recently weighed in on PRMW. BidaskClub raised Primo Water from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. ValuEngine cut Primo Water from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research cut Primo Water from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. Finally, Barrington Research lifted their target price on Primo Water from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.20.
Primo Water (PRMW) opened at $12.76 on Monday. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.82 and a current ratio of 0.99. Primo Water has a 12 month low of $10.47 and a 12 month high of $15.29. The firm has a market capitalization of $382.99, a PE ratio of -18.49, a price-to-earnings-growth ratio of 4.03 and a beta of -0.19.
Several hedge funds and other institutional investors have recently made changes to their positions in PRMW. State Street Corp lifted its holdings in Primo Water by 11.6% in the 2nd quarter. State Street Corp now owns 386,038 shares of the company’s stock worth $4,906,000 after purchasing an additional 40,107 shares during the last quarter. Redmond Asset Management LLC acquired a new stake in Primo Water in the 3rd quarter worth approximately $586,000. Northern Trust Corp lifted its holdings in Primo Water by 16.0% in the 2nd quarter. Northern Trust Corp now owns 301,353 shares of the company’s stock worth $3,827,000 after purchasing an additional 41,573 shares during the last quarter. Argent Capital Management LLC lifted its holdings in Primo Water by 25.6% in the 3rd quarter. Argent Capital Management LLC now owns 161,300 shares of the company’s stock worth $1,911,000 after purchasing an additional 32,875 shares during the last quarter. Finally, B. Riley Financial Inc. lifted its holdings in Primo Water by 25.5% in the 3rd quarter. B. Riley Financial Inc. now owns 105,920 shares of the company’s stock worth $1,234,000 after purchasing an additional 21,545 shares during the last quarter. 72.08% of the stock is owned by institutional investors and hedge funds.
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Primo Water Company Profile
Primo Water Corporation (Primo) provides multi-gallon purified bottled water, self-service refill water and water dispensers. The Company’s products are sold through various retailers in the United States and Canada. It operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).
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