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.
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.
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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.
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