Shares of Primo Water Co. (NYSE:PRMW – Get Free Report) have earned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $25.83.
Several research firms have recently commented on PRMW. Royal Bank of Canada restated an “outperform” rating and set a $30.00 price target on shares of Primo Water in a research report on Tuesday, June 18th. Raymond James lowered shares of Primo Water from a “strong-buy” rating to an “outperform” rating and set a $21.00 price target for the company. in a research report on Wednesday, April 3rd. StockNews.com upgraded shares of Primo Water from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. JPMorgan Chase & Co. upped their price objective on shares of Primo Water from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, June 18th. Finally, TD Securities upped their price objective on shares of Primo Water from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th.
View Our Latest Stock Report on Primo Water
Institutional Investors Weigh In On Primo Water
Primo Water Stock Down 1.7 %
PRMW stock opened at $20.81 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.13 and a quick ratio of 2.02. Primo Water has a 1-year low of $12.72 and a 1-year high of $25.60. The firm has a fifty day moving average price of $21.83 and a two-hundred day moving average price of $18.34. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 1.52 and a beta of 1.10.
Primo Water (NYSE:PRMW – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. The business had revenue of $452.00 million during the quarter, compared to analyst estimates of $438.81 million. Primo Water had a net margin of 12.22% and a return on equity of 9.36%. Research analysts predict that Primo Water will post 0.89 EPS for the current year.
Primo Water Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Friday, June 7th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Friday, June 7th. Primo Water’s payout ratio is 22.36%.
Primo Water Company Profile
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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