In a report released today, John Zamparo from CIBC maintained a Buy rating on Primo Water (PRMW – Research Report), with a price target of $24.00. The company’s shares opened today at $21.21.
According to TipRanks, Zamparo is ranked #6508 out of 8801 analysts.
Currently, the analyst consensus on Primo Water is a Strong Buy with an average price target of $20.40, representing a -3.82% downside. In a report released on May 2, J.P. Morgan also maintained a Buy rating on the stock with a $21.00 price target.
Based on Primo Water’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $622 million and a net profit of $33.4 million. In comparison, last year the company earned a revenue of $584.6 million and had a net profit of $1.3 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Primo Water (PRMW) Company Description:
Primo Water Corp. engages in the manufacture, process, and distribution of beverages. It operates through the following business segments: Route Based Services; Coffee, Tea, and Extract Solutions; and All Other. The Route Based Services segment includes Aquaterra and Eden businesses. The Coffee, Tea, and Extract Solutions segment relates to the S&D business. The All Other segment manufactures, repacks, and markets carbonated soft drinks in Europe. The All Other segment focuses on Aimia, Decantae, and RCI concentrate businesses, Columbus, Georgia manufacturing facility, and other miscellaneous expenses. The company was founded in 1955 and is headquartered in Mississauga, Canada.
