In a report released on February 21, Nik Modi from RBC Capital maintained a Buy rating on Primo Water (PRMW – Research Report), with a price target of $19.00. The company’s shares closed yesterday at $16.00.
Modi covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, Mondelez International, and Reynolds Consumer Products. According to TipRanks, Modi has an average return of 9.8% and a 66.13% success rate on recommended stocks.
Currently, the analyst consensus on Primo Water is a Moderate Buy with an average price target of $19.67.
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The company has a one-year high of $16.47 and a one-year low of $12.03. Currently, Primo Water has an average volume of 750.6K.
Based on the recent corporate insider activity of 116 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRMW in relation to earlier this year.
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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.
Read More on PRMW:
- Primo Water Corporation Announces Full Year and Fourth Quarter 2022 Results; Increases Quarterly Dividend Again
- Primo Water Corporation Announces Increase in Quarterly Dividend
- Primo Water raises quarterly dividend to 8c from 7c per share
- Primo Water acquires additional spring water source in Arkansas
- Primo Water Corporation Announces Acquisition of Additional Mountain Valley Spring Site
