In a report released yesterday, 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 opened today at $14.77.
According to TipRanks, Modi is a 5-star analyst with an average return of 6.4% and a 58.32% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Clorox, Boston Beer, and Campbell Soup.
Currently, the analyst consensus on Primo Water is a Strong Buy with an average price target of $20.50, implying a 38.84% upside from current levels. In a report released today, CIBC also upgraded the stock to a Buy with a $20.00 price target.
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PRMW market cap is currently $2.1B and has a P/E ratio of 19.73.
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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.
Read More on PRMW:
- Primo Water sells certain International businesses for $575M in cash
- Primo Water backs FY23 revenue view $2.32B-$2.36B, consensus $2.34B
- Primo Water sees Q4 revenue $558M-$598M, consensus $579.84M
- PRIMO WATER ANNOUNCES STRONG THIRD QUARTER 2023 RESULTS AND INCREASES ANNUAL ADJUSTED FREE CASH FLOW GUIDANCE
- Primo Water reports Q3 adjusted EPS 33c, consensus 27c
