Primo Water (NASDAQ:PRMW) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Primo Water (NASDAQ:PRMW) from a sell rating to a hold rating in a research report sent to investors on Tuesday, BidAskClub reports.

PRMW has been the topic of several other reports. ValuEngine downgraded Universal Electronics from a strong-buy rating to a buy rating in a research report on Thursday, June 6th. Barrington Research set a $18.00 price target on shares of Primo Water and gave the company a buy rating in a report on Wednesday, June 26th. Zacks Investment Research raised shares of HANNOVER RUECK/S from a sell rating to a hold rating in a report on Friday, May 17th. Imperial Capital reaffirmed an outperform rating and issued a $18.00 price target (down from $20.00) on shares of Primo Water in a report on Tuesday, June 18th. Finally, Northland Securities reaffirmed a buy rating and issued a $19.00 price target on shares of Primo Water in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Primo Water presently has an average rating of Buy and an average target price of $19.33.

NASDAQ PRMW opened at $13.56 on Tuesday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.70 and a current ratio of 0.99. The firm has a fifty day moving average price of $12.30. Primo Water has a 1 year low of $10.70 and a 1 year high of $20.72. The firm has a market cap of $523.66 million, a P/E ratio of 44.70, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

Primo Water (NASDAQ:PRMW) last released its earnings results on Tuesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Primo Water had a negative net margin of 19.21% and a positive return on equity of 11.15%. The firm had revenue of $70.05 million during the quarter, compared to analyst estimates of $70.00 million. As a group, sell-side analysts predict that Primo Water will post 0.36 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Legal & General Group Plc boosted its holdings in Primo Water by 19.0% in the fourth quarter. Legal & General Group Plc now owns 5,849 shares of the company’s stock valued at $82,000 after purchasing an additional 932 shares during the last quarter. Redmond Asset Management LLC boosted its stake in shares of Primo Water by 3.1% during the 1st quarter. Redmond Asset Management LLC now owns 51,419 shares of the company’s stock worth $795,000 after acquiring an additional 1,560 shares in the last quarter. Van Hulzen Asset Management LLC boosted its stake in shares of Primo Water by 7.9% during the 1st quarter. Van Hulzen Asset Management LLC now owns 36,837 shares of the company’s stock worth $570,000 after acquiring an additional 2,696 shares in the last quarter. Cadence Capital Management LLC boosted its stake in shares of Primo Water by 1.8% during the 1st quarter. Cadence Capital Management LLC now owns 189,143 shares of the company’s stock worth $2,924,000 after acquiring an additional 3,355 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Primo Water by 1.6% during the 4th quarter. Northern Trust Corp now owns 398,776 shares of the company’s stock worth $5,586,000 after acquiring an additional 6,257 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors.

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.

Further Reading: Google Finance Portfolio

Analyst Recommendations for Primo Water (NASDAQ:PRMW)

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.