Primo Water Co. (NYSE:PRMW) Given Consensus Rating of “Buy” by Analysts

Primo Water Co. (NYSE:PRMW) has earned an average rating of “Buy” from the four brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is $20.75.

A number of equities research analysts recently weighed in on the company. TD Securities dropped their price target on Primo Water from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. JPMorgan Chase & Co. increased their price objective on shares of Primo Water from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. Raymond James downgraded shares of Primo Water from a “strong-buy” rating to an “outperform” rating and set a $21.00 target price for the company. in a report on Wednesday, April 3rd. Finally, StockNews.com cut shares of Primo Water from a “buy” rating to a “hold” rating in a report on Saturday.

Institutional Trading of Primo Water

A number of institutional investors have recently bought and sold shares of the business. CWM LLC raised its position in shares of Primo Water by 36.0% in the first quarter. CWM LLC now owns 2,384 shares of the company’s stock valued at $43,000 after buying an additional 631 shares in the last quarter. Natixis Advisors L.P. grew its holdings in shares of Primo Water by 6.2% during the 4th quarter. Natixis Advisors L.P. now owns 23,570 shares of the company’s stock worth $354,000 after purchasing an additional 1,368 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Primo Water by 6.0% during the 3rd quarter. Lazard Asset Management LLC now owns 28,606 shares of the company’s stock worth $394,000 after purchasing an additional 1,612 shares in the last quarter. Diversified Trust Co increased its position in shares of Primo Water by 4.6% in the fourth quarter. Diversified Trust Co now owns 36,819 shares of the company’s stock worth $554,000 after purchasing an additional 1,631 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Primo Water by 0.7% in the third quarter. Mackenzie Financial Corp now owns 261,154 shares of the company’s stock valued at $3,503,000 after purchasing an additional 1,819 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Primo Water Stock Performance

Shares of PRMW opened at $18.95 on Friday. The company has a market cap of $3.05 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.77 and a beta of 1.12. The firm has a 50-day moving average of $17.38 and a 200-day moving average of $15.53. Primo Water has a one year low of $12.27 and a one year high of $19.01. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.03 and a quick ratio of 1.92.

Primo Water (NYSE:PRMW) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.10). The business had revenue of $438.70 million for the quarter, compared to the consensus estimate of $582.93 million. Primo Water had a return on equity of 8.55% and a net margin of 10.82%. As a group, equities analysts forecast that Primo Water will post 0.82 earnings per share for the current year.

Primo Water Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.90%. This is a positive change from Primo Water’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, March 7th. Primo Water’s dividend payout ratio (DPR) is currently 24.16%.

Primo Water Company Profile

Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored essence water, filtration units, and coffee.