Primo Water Corporation [PRMW] stock is trading at $25.43, up 0.83%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PRMW shares have gain 1.96% over the last week, with a monthly amount glided 7.80%, 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 October 02, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, Raymond James downgraded its rating to Outperform on April 03, 2024, and kept the price target unchanged to $21. On February 24, 2023, downgrade downgraded it’s rating to Neutral. Scotiabank upgraded its rating to a Sector Outperform. Raymond James upgraded its rating to a Strong Buy and raised its price target to $21 on January 08, 2021. Raymond James started tracking with a Outperform rating for this stock on September 22, 2020, and assigned it a price target of $17. In a note dated April 20, 2020, Deutsche Bank initiated an Hold rating and provided a target price of $12 on this stock.
Primo Water Corporation [PRMW] stock has fluctuated between $12.92 and $25.67 over the past year. 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 $25.43 at the most recent close of the market. An investor can expect a potential drop of -12.19% based on the average PRMW price forecast.
Analyzing the PRMW fundamentals
Primo Water Corporation [NYSE:PRMW] reported sales of 2.00B for the trailing twelve months, which represents a drop of -18.25%. 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 25.12 points at the first support level, and at 24.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.61, and for the 2nd resistance point, it is at 25.80.
Ratios To Look Out For
For context, Primo Water Corporation’s Current Ratio is 2.18. In addition, the Quick Ratio stands at 2.07 and the Cash Ratio stands at 1.43. Considering the valuation of this stock, the price to sales ratio is 2.04, the price to book ratio is 2.80 and price to earnings (TTM) ratio is 47.89.
Transactions by insiders
Recent insider trading involved PRIM BILLY D, Director, that happened on Jun 17 ’24 when 2.0 shares were purchased.
