Primo Water (NYSE:PRMW - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.
Several other analysts also recently weighed in on PRMW. Royal Bank of Canada reiterated an "outperform" rating and set a $30.00 price target on shares of Primo Water in a research note on Tuesday, October 1st. Raymond James downgraded Primo Water from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 2nd. Finally, William Blair initiated coverage on Primo Water in a research report on Thursday, October 24th. They set an "outperform" rating on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.83.
Read Our Latest Research Report on Primo Water
Primo Water Stock Down 0.9 %
Shares of PRMW stock traded down $0.23 during mid-day trading on Thursday, hitting $24.21. The stock had a trading volume of 11,422,300 shares, compared to its average volume of 1,915,558. Primo Water has a 12-month low of $14.06 and a 12-month high of $28.06. The firm has a market capitalization of $3.88 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. The firm's 50-day moving average is $25.45 and its two-hundred day moving average is $22.95. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.18 and a quick ratio of 2.07.
Hedge Funds Weigh In On Primo Water
Several institutional investors have recently added to or reduced their stakes in PRMW. GAMMA Investing LLC lifted its holdings in shares of Primo Water by 375.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,242 shares of the company's stock valued at $31,000 after buying an additional 981 shares during the period. Cedar Wealth Management LLC acquired a new stake in shares of Primo Water in the 1st quarter valued at approximately $27,000. Blue Trust Inc. lifted its holdings in shares of Primo Water by 52.1% in the 3rd quarter. Blue Trust Inc. now owns 1,871 shares of the company's stock valued at $47,000 after buying an additional 641 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Primo Water in the 3rd quarter valued at approximately $48,000. Finally, CWM LLC increased its stake in Primo Water by 31.5% in the 3rd quarter. CWM LLC now owns 3,310 shares of the company's stock valued at $84,000 after purchasing an additional 792 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.
Primo Water Company Profile
(
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Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored essence water, filtration units, and coffee.
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