RBC Capital analyst Nik Modi maintained a Buy rating on Primo Water (PRMW) on February 22 and set a price target of $19.00. The company’s shares closed last Tuesday at $15.60.
According to TipRanks.com, Modi is a 5-star analyst with an average return of 14.2% and a 71.6% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Reynolds Consumer Products, and Spectrum Brands Holdings.
Primo Water has an analyst consensus of Strong Buy, with a price target consensus of $20.00, a 30.6% upside from current levels. In a report issued on February 17, Canaccord Genuity also assigned a Buy rating to the stock with a $20.00 price target.
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The company has a one-year high of $17.85 and a one-year low of $6.33. Currently, Primo Water has an average volume of 1.44M.
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRMW in relation to earlier this year.
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Primo Water Corp. engages in the manufacture, process, and distribution of beverages. It operates through the following business segments: Route Based Services; Coffee, Tea, and Extract Solutions; and All Other. The Route Based Services segment includes Aquaterra and Eden businesses. The Coffee, Tea, and Extract Solutions segment relates to the S&D business. The All Other segment manufactures, repacks, and markets carbonated soft drinks in Europe. The All Other segment focuses on Aimia, Decantae, and RCI concentrate businesses, Columbus, Georgia manufacturing facility, and other miscellaneous expenses. The company was founded in 1955 and is headquartered in Mississauga, Canada.
