Barrington Research reiterated their buy rating on shares of Primo Water (NASDAQ:PRMW) in a research report sent to investors on Wednesday, November 6th, AnalystRatings.com reports. Barrington Research currently has a $15.00 price objective on the stock. Barrington Research also issued estimates for Primo Water’s Q4 2019 earnings at $0.03 EPS, Q1 2020 earnings at ($0.01) EPS, Q2 2020 earnings at $0.07 EPS, Q3 2020 earnings at $0.16 EPS, Q4 2020 earnings at $0.10 EPS, FY2020 earnings at $0.33 EPS, FY2021 earnings at $0.44 EPS, FY2022 earnings at $0.58 EPS and FY2023 earnings at $0.69 EPS.
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PRMW has been the topic of several other reports. BMO Capital Markets set a $19.00 target price on Primo Water and gave the stock a buy rating in a 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. Northland Securities set a $17.00 target price on Primo Water and gave the stock a buy rating in a report on Tuesday, September 10th. B. Riley reaffirmed a buy rating and issued a $18.00 price target on shares of Primo Water in a report on Friday, September 6th. Finally, Imperial Capital reduced their price target on shares of Primo Water from $18.00 to $15.00 and set an outperform rating on the stock in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $16.17.
Shares of PRMW stock opened at $10.28 on Wednesday. The company has a market capitalization of $400.20 million, a P/E ratio of 30.22, a P/E/G ratio of 7.08 and a beta of 0.71. The stock has a 50 day moving average of $11.00 and a two-hundred day moving average of $12.18. Primo Water has a 12 month low of $9.54 and a 12 month high of $16.35. The company has a current ratio of 0.92, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.
Primo Water (NASDAQ:PRMW) last posted its earnings results on Tuesday, November 5th. The company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.07). The firm had revenue of $86.97 million during the quarter, compared to the consensus estimate of $84.78 million. Primo Water had a return on equity of 7.11% and a net margin of 1.29%. Sell-side analysts predict that Primo Water will post 0.12 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in PRMW. Tower Research Capital LLC TRC increased its position in shares of Primo Water by 176.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the company’s stock worth $25,000 after purchasing an additional 1,335 shares during the last quarter. Boston Partners bought a new position in shares of Primo Water during the second quarter worth approximately $28,000. Usca Ria LLC acquired a new stake in shares of Primo Water in the third quarter valued at approximately $31,000. Aperio Group LLC acquired a new stake in shares of Primo Water in the second quarter valued at approximately $35,000. Finally, Bank of Montreal Can boosted its stake in shares of Primo Water by 26,645.5% in the second 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 during the period. Hedge funds and other institutional investors own 85.68% of the company’s stock.
About Primo Water
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.
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