BidaskClub upgraded shares of Primo Water (NASDAQ:PRMW) from a sell rating to a hold rating in a report issued on Tuesday, BidAskClub reports.

A number of other research firms have also recently commented on PRMW. Imperial Capital restated an outperform rating and issued a $18.00 price objective (down from $20.00) on shares of Primo Water in a research report on Tuesday, June 18th. ValuEngine cut Universal Electronics from a strong-buy rating to a buy rating in a research report on Thursday, June 6th. Zacks Investment Research upgraded HANNOVER RUECK/S from a sell rating to a hold rating in a research report on Friday, May 17th. Northland Securities restated a buy rating and issued a $19.00 price objective on shares of Primo Water in a research report on Tuesday, June 25th. Finally, Barrington Research set a $18.00 price objective on Primo Water and gave the company a buy rating in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $19.33.

Shares of NASDAQ:PRMW opened at $13.41 on Tuesday. Primo Water has a 12-month low of $10.70 and a 12-month high of $20.72. The firm has a market capitalization of $522.88 million, a P/E ratio of 39.44, a PEG ratio of 3.10 and a beta of 0.71. The firm has a 50 day moving average of $12.25. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.99 and a quick ratio of 0.70.

Primo Water (NASDAQ:PRMW) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). Primo Water had a negative net margin of 19.21% and a positive return on equity of 11.15%. The company had revenue of $70.05 million during the quarter, compared to analyst estimates of $70.00 million. On average, equities research analysts anticipate that Primo Water will post 0.36 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its position in shares of Primo Water by 19.0% in the fourth quarter. Legal & General Group Plc now owns 5,849 shares of the company’s stock valued at $82,000 after buying an additional 932 shares in the last quarter. Redmond Asset Management LLC increased its position in shares of Primo Water by 3.1% during the first quarter. Redmond Asset Management LLC now owns 51,419 shares of the company’s stock worth $795,000 after purchasing an additional 1,560 shares in the last quarter. Van Hulzen Asset Management LLC increased its position in shares of Primo Water by 7.9% during the first quarter. Van Hulzen Asset Management LLC now owns 36,837 shares of the company’s stock worth $570,000 after purchasing an additional 2,696 shares in the last quarter. Cadence Capital Management LLC increased its position in shares of Primo Water by 1.8% during the first quarter. Cadence Capital Management LLC now owns 189,143 shares of the company’s stock worth $2,924,000 after purchasing an additional 3,355 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Primo Water by 1.6% during the fourth quarter. Northern Trust Corp now owns 398,776 shares of the company’s stock worth $5,586,000 after purchasing an additional 6,257 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Primo Water Company Profile

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.

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Analyst Recommendations for Primo Water (NASDAQ:PRMW)

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