At the time of writing, Primo Water Corporation [PRMW] stock is trading at $27.53, down -0.51%. 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 4.84% over the last week, with a monthly amount glided 8.90%, 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.
For the past year, the stock price of Primo Water Corporation fluctuated between $12.92 and $27.81. 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 $27.53 at the most recent close of the market. An investor can expect a potential drop of -18.89% based on the average PRMW price forecast.
Analyzing the PRMW fundamentals
According to Primo Water Corporation [NYSE:PRMW], the company’s sales were 2.00B for trailing twelve months, which represents an -18.25% plunge. 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. 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 27.35 points at the first support level, and at 27.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.76, and for the 2nd resistance point, it is at 27.99.
Ratios To Look Out For
It is important to note that Primo Water Corporation [NYSE:PRMW] has a current ratio of 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 2.21, the price to book ratio is 3.03 and price to earnings (TTM) ratio is 51.85.
Transactions by insiders
Recent insider trading involved PRIM BILLY D, Director, that happened on Jun 17 ’24 when 2.0 shares were purchased.
