RBC Capital analyst Nik Modi maintained a Buy rating on Primo Water (PRMW – Research Report) on February 26 and set a price target of $19.00. The company’s shares closed yesterday at $16.28.
According to TipRanks, Modi is a 5-star analyst with an average return of 6.5% and a 60.60% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Clorox, Colgate-Palmolive, and Constellation Brands.
Currently, the analyst consensus on Primo Water is a Strong Buy with an average price target of $19.50, which is a 19.78% upside from current levels. In a report released on February 20, J.P. Morgan also maintained a Buy rating on the stock with a $19.00 price target.
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The company has a one-year high of $16.03 and a one-year low of $12.13. Currently, Primo Water has an average volume of 839.5K.
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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 (PRMW) Declares Q1 Dividend: Important Details for Shareholders
- Primo Water sees FY24 revenue $1.84B-$1.88B, consensus $2.07B
- Primo Water sees Q1 revenue $435M-$445M, consensus $512.67M
- Primo Water Announces Dividend of $0.09 per Share
- Primo Water reports Q4 adjusted EPS 12c, consensus 17c
