Primo Water Corporation (NYSE: PRMW) is -15.44% lower on its value in year-to-date trading and has touched a low of $12.15 and a high of $16.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRMW stock was last observed hovering at around $13.70 in the last trading session, with the day’s loss setting it -0.56% off its average median price target of $21.00 for the next 12 months. It is also 45.25% off the consensus price target high of $24.00 offered by 10 analysts, but current levels are 17.87% higher than the price target low of $16.00 for the same period.
Currently trading at $13.14, the stock is -8.34% and -10.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing -4.09% at the moment leaves the stock -10.13% off its SMA200. PRMW registered -5.47% loss for a year compared to 6-month loss of -14.90%. The firm has a 50-day simple moving average (SMA 50) of $1.75 and a 200-day simple moving average (SMA200) of $10.37.
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The stock witnessed a -12.17% gain in the last 1 month and extending the period to 3 months gives it a -14.29%, and is -5.40% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.31% over the week and 2.51% over the month.
Primo Water Corporation (PRMW) has around 9240 employees, a market worth around $2.14B and $2.24B in sales. Current P/E ratio is 51.73 and Fwd P/E is 12.60. Profit margin for the company is 1.90%. Distance from 52-week low is 8.15% and -20.22% from its 52-week high. The company has generated returns on investments over the last 12 months (3.90%).
Primo Water Corporation (PRMW) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Primo Water Corporation (PRMW) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Primo Water Corporation is expected to release its quarterly report on 08/10/2023.The EPS is expected to grow by 11.90% this year
Primo Water Corporation (PRMW) Top Institutional Holders
The shares outstanding are 159.73M, and float is at 155.63M with Short Float at 0.81%.
Primo Water Corporation (PRMW) Insider Activity
The most recent transaction is an insider sale by FOWDEN JEREMY S G, the company’s Director. SEC filings show that FOWDEN JEREMY S G sold 47,630 shares of the company’s common stock on Feb 08 at a price of $16.01 per share for a total of $0.76 million. Following the sale, the insider now owns 1.27 million shares.
Primo Water Corporation disclosed in a document filed with the SEC on Jan 09 that FOWDEN JEREMY S G (Director) sold a total of 90,463 shares of the company’s common stock. The trade occurred on Jan 09 and was made at $16.12 per share for $1.46 million. Following the transaction, the insider now directly holds 1.27 million shares of the PRMW stock.
Still, SEC filings show that on Jan 06, FOWDEN JEREMY S G (Director) disposed off 3,760 shares at an average price of $16.00 for $60159.0. The insider now directly holds 1,268,770 shares of Primo Water Corporation (PRMW).
