In a report released today, Michael Petusky from Barrington maintained a Buy rating on Primo Water Corp (PRMW), with a price target of $18. The company’s shares opened today at $15.
Petusky said:
“We continue to expect upper-single-digit/low- double-digit growth in this business for the next couple of years.”
According to TipRanks.com, Petusky is a 4-star analyst with an average return of 4.1% and a 53.3% success rate. Petusky covers the Healthcare sector, focusing on stocks such as Anika Therapeutics Inc, Varian Medical Systems, and Merit Medical Systems.
Currently, the analyst consensus on Primo Water Corp is a Strong Buy with an average price target of $18.80, implying a 25.3% upside from current levels. In a report released today, Northland Securities also assigned a Buy rating to the stock with a $19 price target.
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Based on Primo Water Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $1.73 million. In comparison, last year the company had a net profit of $1.21 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.
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Primo Water Corp. is provider of multi-gallon purified bottled water, self-service refill water and water dispensers sold. It operates through the following segments: Refill, Exchange and Dispensers.
