A share price of Primo Water Corporation [PRMW] is currently trading at $24.85, up 2.39%. 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 6.47% over the last week, with a monthly amount glided 12.44%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Primo Water Corporation [NYSE: PRMW] stock has seen the most recent analyst activity on April 03, 2024, when Raymond James downgraded its rating to a Outperform but kept the price target unchanged to $21 for it. Previously, CIBC downgraded its rating to Neutral on February 24, 2023. On March 09, 2021, upgrade upgraded it’s rating to Sector Outperform. Raymond James upgraded its rating to a Strong Buy and increased its price target to $21 on January 08, 2021. Raymond James initiated its recommendation with a Outperform and recommended $17 as its price target on September 22, 2020. Deutsche Bank started tracking with a Hold rating for this stock on April 20, 2020, and assigned it a price target of $12. In a note dated January 14, 2020, BMO Capital Markets downgraded an Market Perform rating on this stock.
Primo Water Corporation experienced fluctuations in its stock price throughout the past year between $12.92 and $25.60. Currently, Wall Street analysts expect the stock to reach $22.33 within the next 12 months. Primo Water Corporation [NYSE: PRMW] shares were valued at $24.85 at the most recent close of the market. An investor can expect a potential drop of -10.14% based on the average PRMW price forecast.
Analyzing the PRMW fundamentals
Trailing Twelve Months sales for Primo Water Corporation [NYSE:PRMW] were 2.00B which represents -18.25% decline. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.89.
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 24.44 points at the first support level, and at 24.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.07, and for the 2nd resistance point, it is at 25.28.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Primo Water Corporation [NYSE:PRMW] is 2.18. Further, the Quick Ratio stands at 2.07, while the Cash Ratio is 1.43. Considering the valuation of this stock, the price to sales ratio is 1.99, the price to book ratio is 2.74 and price to earnings (TTM) ratio is 46.80.
Transactions by insiders
Recent insider trading involved PRIM BILLY D, Director, that happened on Jun 17 ’24 when 2.0 shares were purchased.
