Primo Water Co. (NASDAQ:PRMW) has been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.50.

PRMW has been the topic of a number of analyst reports. BMO Capital Markets upped their price objective on Primo Water from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 8th. Barrington Research upped their price objective on Primo Water from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Primo Water from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Saturday, August 11th. Finally, BidaskClub upgraded Primo Water from a “hold” rating to a “buy” rating in a research note on Thursday, August 16th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Wealth Management LLC bought a new stake in Primo Water in the 2nd quarter valued at $208,000. Martingale Asset Management L P bought a new stake in Primo Water in the 2nd quarter valued at $186,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Primo Water in the 2nd quarter valued at $198,000. Bank of Montreal Can raised its stake in Primo Water by 5,864.6% in the 2nd quarter. Bank of Montreal Can now owns 11,452 shares of the company’s stock valued at $200,000 after acquiring an additional 11,260 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Primo Water in the 2nd quarter valued at $214,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

Shares of Primo Water stock opened at $13.98 on Thursday. Primo Water has a 12-month low of $11.16 and a 12-month high of $20.72. The company has a market cap of $559.53 million, a PE ratio of -49.93, a P/E/G ratio of 3.78 and a beta of 0.49. The company has a current ratio of 0.94, a quick ratio of 0.73 and a debt-to-equity ratio of 1.94.

Primo Water (NASDAQ:PRMW) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. Primo Water had a positive return on equity of 10.31% and a negative net margin of 17.88%. The company had revenue of $81.80 million for the quarter, compared to analysts’ expectations of $83.26 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue was down .5% compared to the same quarter last year. As a group, equities analysts expect that Primo Water will post 0.32 earnings per share for the current fiscal year.

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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Analyst Recommendations for Primo Water (NASDAQ:PRMW)

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