Headlines about Primo Water (NASDAQ:PRMW) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Primo Water earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.9935695584376 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research firms have weighed in on PRMW. BidaskClub cut Primo Water from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine cut Primo Water from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Barrington Research upped their target price on Primo Water from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded Primo Water from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, B. Riley restated a “buy” rating and set a $17.50 target price on shares of Primo Water in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Primo Water presently has a consensus rating of “Hold” and a consensus target price of $17.10.
Primo Water (PRMW) opened at $12.56 on Monday. Primo Water has a 12 month low of $10.47 and a 12 month high of $15.39. The company has a market capitalization of $376.99, a price-to-earnings ratio of -18.20, a PEG ratio of 3.97 and a beta of -0.31. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 3.99.
In other news, Director David L. Warnock sold 33,226 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $12.37, for a total value of $411,005.62. Following the completion of the transaction, the director now directly owns 25,157 shares in the company, valued at approximately $311,192.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Castaneda sold 30,569 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $13.00, for a total value of $397,397.00. Following the completion of the transaction, the chief financial officer now owns 236,113 shares of the company’s stock, valued at $3,069,469. The disclosure for this sale can be found here. Insiders sold a total of 130,295 shares of company stock valued at $1,636,440 over the last quarter. 15.80% of the stock is owned by corporate insiders.
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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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