PRMW has been the topic of several other reports. TD Securities upped their price objective on shares of Primo Water from $14.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Royal Bank of Canada reiterated a “buy” rating on shares of Primo Water in a research note on Monday, August 10th. Zacks Investment Research upgraded shares of Primo Water from a “sell” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Citigroup boosted their target price on shares of Primo Water from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.32.
PRMW stock opened at $14.45 on Tuesday. The firm’s fifty day simple moving average is $14.24 and its 200-day simple moving average is $12.33. The company has a market capitalization of $2.31 billion, a P/E ratio of 160.57, a price-to-earnings-growth ratio of 4.62 and a beta of 0.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.92 and a quick ratio of 0.70. Primo Water has a 12 month low of $6.33 and a 12 month high of $16.00.
Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE raised its position in shares of Primo Water by 89.2% in the second quarter. US Bancorp DE now owns 2,630 shares of the company’s stock valued at $36,000 after buying an additional 1,240 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Primo Water in the first quarter valued at about $40,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Primo Water in the first quarter valued at about $52,000. Philadelphia Trust Co. purchased a new stake in shares of Primo Water in the first quarter valued at about $92,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Primo Water in the first quarter valued at about $98,000. Institutional investors and hedge funds own 85.03% of the company’s stock.
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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