BidaskClub Upgrades Primo Water (PRMW) to Buy
Primo Water (NASDAQ:PRMW) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
Several other equities research analysts also recently commented on PRMW. ValuEngine upgraded shares of Primo Water from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Barrington Research reiterated a “buy” rating and set a $20.00 target price on shares of Primo Water in a research report on Wednesday, May 9th. Zacks Investment Research upgraded shares of Primo Water from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research report on Tuesday, May 15th. William Blair started coverage on shares of Primo Water in a research report on Thursday, May 24th. They set an “outperform” rating on the stock. Finally, BMO Capital Markets boosted their price target on shares of Primo Water from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, May 24th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.75.
NASDAQ:PRMW opened at $19.98 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.88 and a current ratio of 1.06. Primo Water has a one year low of $10.47 and a one year high of $20.09. The company has a market cap of $735.44 million, a P/E ratio of -69.63, a price-to-earnings-growth ratio of 4.28 and a beta of -0.14.
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.
Further Reading: Marijuana Stocks Investing Considerations
Receive News & Ratings for Primo Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primo Water and related companies with MarketBeat.com's FREE daily email newsletter.