Primo Water Corporation [PRMW] stock prices are down -0.40% to $17.38 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PRMW shares have gain 5.27% over the last week, with a monthly amount glided 17.12%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, Primo Water To Present At The Raymond James 45th Annual Institutional Investors Conference. In a post published today on Yahoo Finance, Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the “Company” or “Primo”), a leading provider of sustainable drinking water solutions in North America, today announced that Chief Executive Officer Robbert Rietbroek and Chief Financial Officer David Hass will present at the 2024 Raymond James 45th Annual Institutional Investors Conference on Wednesday, March 6, 2024.
From an analyst’s perspective:
Primo Water Corporation [NYSE: PRMW] stock has seen the most recent analyst activity on February 24, 2023, when CIBC downgraded its rating to a Neutral. Previously, Scotiabank upgraded its rating to Sector Outperform on March 09, 2021. On January 08, 2021, upgrade upgraded it’s rating to Strong Buy and revised its price target to $21 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $17 on September 22, 2020. Deutsche Bank initiated its recommendation with a Hold and recommended $12 as its price target on April 20, 2020. BMO Capital Markets downgraded its rating to Market Perform for this stock on January 14, 2020. In a note dated November 06, 2019, Lake Street downgraded an Hold rating on this stock and revised its target price from $18 to $14.
The stock price of Primo Water Corporation [PRMW] has been fluctuating between $12.27 and $17.69 over the past year. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Primo Water Corporation [NYSE: PRMW] shares were valued at $17.38 at the most recent close of the market. An investor can expect a potential drop of -7.94% based on the average PRMW price forecast.
Analyzing the PRMW fundamentals
The Primo Water Corporation [NYSE:PRMW] reported sales of 2.20B for trailing twelve months, representing a drop of -17.69%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.89.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.26 points at the first support level, and at 17.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.55, and for the 2nd resistance point, it is at 17.73.
Primo Water Corporation [PRMW] reported earnings per share of $0.12 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of -$0.05 and a surprise factor of -29.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.33 per share as compared to estimates of $0.27 per share, a difference of $0.06 representing a surprise of 22.20%.
Ratios To Look Out For
It’s worth pointing out that Primo Water Corporation [NYSE:PRMW]’s Current Ratio is 2.03. Further, the Quick Ratio stands at 1.92, while the Cash Ratio is 1.19. Considering the valuation of this stock, the price to sales ratio is 1.26, the price to book ratio is 1.92 and price to earnings (TTM) ratio is 37.72.
