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 closed yesterday at $12.57.
Petusky said:
“We look for exchange in the stores in which a competitor currently exists to perform reasonably well in short order since end-user customers of Albertsons already utilize water exchange services in these locations. In the locations that will be added that are new to water exchange, the ramp will likely be slower.”
According to TipRanks.com, Petusky is a 3-star analyst with an average return of 2.0% and a 45.1% success rate. Petusky covers the Healthcare sector, focusing on stocks such as Anika Therapeutics Inc, Varian Medical Systems, and Merit Medical Systems.
Primo Water Corp has an analyst consensus of Strong Buy, with a price target consensus of $19.
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The company has a one-year high of $20.72 and a one-year low of $10.70. Currently, Primo Water Corp has an average volume of 322.2K.
Based on the recent corporate insider activity of 36 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.
