Primo Water (NASDAQ:PRMW) Given a $17.00 Price Target at Northland Securities
Northland Securities set a $17.00 price objective on Primo Water (NASDAQ:PRMW) in a report issued on Tuesday morning, TipRanks reports. The firm currently has a buy rating on the stock.
Other analysts have also recently issued research reports about the company. BMO Capital Markets set a $19.00 price target on Primo Water and gave the stock a buy rating in a research report on Wednesday, July 31st. ValuEngine upgraded Primo Water from a hold rating to a buy rating in a research report on Thursday, September 5th. B. Riley reiterated a buy rating and set a $18.00 target price on shares of Primo Water in a research report on Friday, September 6th. BidaskClub upgraded Primo Water from a hold rating to a buy rating in a research report on Friday, September 6th. Finally, Zacks Investment Research upgraded Primo Water from a sell rating to a hold rating in a research report on Saturday, September 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $17.40.
PRMW traded down $0.16 during midday trading on Tuesday, reaching $13.00. The company had a trading volume of 230,100 shares, compared to its average volume of 226,178. The company has a quick ratio of 0.71, a current ratio of 0.99 and a debt-to-equity ratio of 2.05. The business has a 50-day moving average of $12.81 and a two-hundred day moving average of $13.54. The company has a market cap of $505.13 million, a P/E ratio of 38.24, a P/E/G ratio of 4.08 and a beta of 0.80. Primo Water has a 1 year low of $10.70 and a 1 year high of $20.26.
In other Primo Water news, Director Susan E. Cates bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average price of $12.23 per share, for a total transaction of $61,150.00. Following the completion of the transaction, the director now owns 28,968 shares of the company’s stock, valued at approximately $354,278.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 6,459 shares of company stock valued at $77,820 in the last quarter. 10.80% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Boston Partners purchased a new stake in shares of Primo Water during the second quarter worth about $28,000. Aperio Group LLC purchased a new position in Primo Water during the 2nd quarter valued at approximately $35,000. Bank of Montreal Can grew its holdings in Primo Water by 26,645.5% during the 2nd quarter. Bank of Montreal Can now owns 2,942 shares of the company’s stock valued at $36,000 after buying an additional 2,931 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Primo Water by 77,911.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,021 shares of the company’s stock valued at $109,000 after buying an additional 7,012 shares in the last quarter. Finally, US Bancorp DE grew its holdings in Primo Water by 8.0% during the 2nd quarter. US Bancorp DE now owns 16,751 shares of the company’s stock valued at $206,000 after buying an additional 1,237 shares in the last quarter. Hedge funds and other institutional investors own 90.21% of the company’s stock.
Primo Water Company Profile
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.
Recommended Story: Understanding each part of a balance sheet
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.