Stick With Primo Water Corporation (PRMW). The Bull Are Alive And Well

Currently, there are 159.48M common shares owned by the public and among those 154.67M shares have been available to trade.

The company’s stock has a 5-day price change of -0.18% and 28.32% over the past three months. PRMW shares are trading 51.43% year to date (YTD), with the 12-month market performance up to 74.64% higher. It has a 12-month low price of $12.27 and touched a high of $23.35 over the same period. PRMW has an average intraday trading volume of 1.23 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.32%, 11.31%, and 39.09% respectively.

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Institutional ownership of Primo Water Corporation (NYSE: PRMW) shares accounts for 87.65% of the company’s 159.48M shares outstanding.

It has a market capitalization of $3.65B and a beta (3y monthly) value of 1.09. The stock’s trailing 12-month PE ratio is 39.46, while the earnings-per-share (ttm) stands at $0.58. The company has a PEG of 2.55 and a Quick Ratio of 2.02 with the debt-to-equity ratio at 0.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.62% over the week and 2.61% over the month.

Earnings per share for the fiscal year are expected to increase by 51.61%, and 18.39% over the next financial year.

Looking at the support for the PRMW, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on April 03, 2024, with the firm’s price target at $21. Scotiabank was of a view on March 09, 2021 that the stock is Sector Outperform, while Raymond James gave the stock Strong Buy rating on January 08, 2021, issuing a price target of $18- $21. Raymond James on their part issued Outperform rating on September 22, 2020.

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