Primo Water (PRMW) Receives Average Recommendation of “Hold” from Analysts

Primo Water (NASDAQ:PRMW) has received an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $19.00.

Several equities analysts have recently issued reports on PRMW shares. BidaskClub lowered Primo Water from a “hold” rating to a “sell” rating in a report on Friday, April 13th. Zacks Investment Research raised Primo Water from a “sell” rating to a “hold” rating in a report on Tuesday, April 17th. Barrington Research reaffirmed a “buy” rating and issued a $20.00 target price on shares of Primo Water in a report on Friday, April 6th. Finally, ValuEngine raised Primo Water from a “sell” rating to a “hold” rating in a report on Friday, March 2nd.

How to Become a New Pot Stock Millionaire

Shares of PRMW opened at $12.54 on Wednesday. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.04 and a quick ratio of 0.84. The company has a market cap of $387.36, a price-to-earnings ratio of -44.79, a P/E/G ratio of 3.68 and a beta of -0.13. Primo Water has a 52 week low of $10.47 and a 52 week high of $13.86.

Primo Water (NASDAQ:PRMW) last issued its quarterly earnings data on Tuesday, March 6th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The company had revenue of $68.31 million for the quarter, compared to the consensus estimate of $69.61 million. Primo Water had a negative return on equity of 15.66% and a negative net margin of 2.22%. analysts expect that Primo Water will post 0.28 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Caption Management LLC bought a new position in shares of Primo Water in the fourth quarter valued at approximately $101,000. MetLife Investment Advisors LLC bought a new position in shares of Primo Water in the fourth quarter valued at approximately $138,000. Driehaus Capital Management LLC bought a new position in shares of Primo Water in the fourth quarter valued at approximately $166,000. Goldman Sachs Group Inc. bought a new position in shares of Primo Water in the fourth quarter valued at approximately $387,000. Finally, Kings Point Capital Management grew its holdings in shares of Primo Water by 28.6% in the fourth quarter. Kings Point Capital Management now owns 51,300 shares of the company’s stock valued at $645,000 after acquiring an additional 11,400 shares in the last quarter. 68.88% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.dispatchtribunal.com/2018/04/25/primo-water-prmw-receives-average-recommendation-of-hold-from-analysts.html.

About Primo Water

Primo Water Corporation, together with its subsidiaries, provides multi-gallon purified bottled water, self-service refill water, and water dispensers in the United States and Canada. It operates in three segments: Refill, Exchange, and Dispensers. The Refill segment sells filtered drinking water dispensed directly to consumers through self-service machines.

Receive News & Ratings for Primo Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primo Water and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply