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 $11.01, close to its 52-week low of $10.70.
Petusky commented:
“We believe that longer‐term revenue growth of high‐ single‐digit to low‐double‐digit is achievable over the next 12‐24 months in exchange.”
According to TipRanks.com, Petusky is a 2-star analyst with an average return of 0.5% and a 42.4% 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 $19.20.
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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 316.4K.
Based on the recent corporate insider activity of 37 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.
