In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Primo Water Corp (PRMW), with a price target of $19. The company’s shares closed yesterday at $15.61.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 23.8% and a 67.3% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Primo Water Corp with a $18.80 average 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.