Primo Water Corporation (PRMW) – Investment Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Primo Water Corporation (NASDAQ: PRMW):

  • 11/11/2017 – Primo Water Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Prime Water Corporation operates as a provider of three- and five-gallon purified bottled water and water dispensers sold through major retailers nationwide. The Company’s water bottles can be sanitized and reused, crushed and recycled. Also, it provides water bottle exchange solution for its retail customers. It operates through two segments, Primo Bottled Water Exchange and Primo Products. Prime Water Corporation is headquartered in Winston-Salem, North Carolina. “
  • 11/10/2017 – Primo Water Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “Prime Water Corporation operates as a provider of three- and five-gallon purified bottled water and water dispensers sold through major retailers nationwide. The Company’s water bottles can be sanitized and reused, crushed and recycled. Also, it provides water bottle exchange solution for its retail customers. It operates through two segments, Primo Bottled Water Exchange and Primo Products. Prime Water Corporation is headquartered in Winston-Salem, North Carolina. “
  • 11/8/2017 – Primo Water Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $17.50 price target on the stock.
  • 11/8/2017 – Primo Water Corporation had its price target raised by analysts at Barrington Research from $17.00 to $19.00. They now have an “outperform” rating on the stock.
  • 10/11/2017 – Primo Water Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Prime Water Corporation operates as a provider of three- and five-gallon purified bottled water and water dispensers sold through major retailers nationwide. The Company’s water bottles can be sanitized and reused, crushed and recycled. Also, it provides water bottle exchange solution for its retail customers. It operates through two segments, Primo Bottled Water Exchange and Primo Products. Prime Water Corporation is headquartered in Winston-Salem, North Carolina. “
  • 10/2/2017 – Primo Water Corporation was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

Primo Water Corporation (NASDAQ:PRMW) traded up $0.08 during midday trading on Friday, reaching $12.80. 27,987 shares of the company traded hands, compared to its average volume of 193,719. Primo Water Corporation has a twelve month low of $10.47 and a twelve month high of $15.39. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.99 and a quick ratio of 0.82.

In related news, Director Malcolm Mcquilkin sold 13,714 shares of Primo Water Corporation stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $11.70, for a total value of $160,453.80. Following the completion of the sale, the director now owns 101,246 shares of the company’s stock, valued at approximately $1,184,578.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 40,858 shares of company stock valued at $479,169. 15.80% of the stock is currently owned by insiders.

Primo Water Corporation (Primo) provides multi-gallon purified bottled water, self-service refill water and water dispensers. The Company’s products are sold through various retailers in the United States and Canada. It operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).

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