2 weeks Ago By ABMN Staff
StockNews.com upgraded shares of Primo Water ( NYSE:PRMW – Free Report ) from a hold rating to a buy rating in a research report report published on Monday morning. A number of other research firms have also issued reports on PRMW.
CIBC boosted their price target on shares of Primo Water from $24.00 to $26.00 and gave the company an outperformer rating in a report on Tuesday, June 18th.
JPMorgan Chase & Co. boosted their price objective on shares of Primo Water from $24.00 to $26.
00 and gave the company an overweight rating in a research report on Tuesday, June 18th. Royal Bank of Canada reaffirmed an outperform rating and set a $30.00 price objective on shares of Primo Water in a research report on Tuesday, June 18th.
Finally, TD Securities boosted their price objective on shares of Primo Water from $30.00 to $32.00 and gave the company a buy rating in a research report on Tuesday, June 18th.
One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $25.83.
View Our Latest Research Report on Primo Water Primo Water Price Performance Primo Water ( NYSE:PRMW – Get Free Report ) last posted its earnings results on Thursday, August 8th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
24 by $0.02. Primo Water had a net margin of 12.
61% and a return on equity of 8.94%. The firm had revenue of $485.
00 million during the quarter, compared to analyst estimates of $477.40 million. During the same period in the previous year, the business posted $0.
22 EPS. Primo Water’s revenue was up 7.7% on a year-over-year basis.
Equities analysts expect that Primo Water will post 0.88 EPS for the current fiscal year. Primo Water Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th.
Shareholders of record on Thursday, August 22nd were given a $0.09 dividend. This represents a $0.
36 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, August 22nd.
Primo Water’s payout ratio is presently 22.36%. Institutional Investors Weigh In On Primo Water Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.
Dimensional Fund Advisors LP lifted its stake in Primo Water by 12.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,292,891 shares of the company’s stock valued at $19,459,000 after buying an additional 146,528 shares in the last quarter.
Principal Financial Group Inc. increased its holdings in shares of Primo Water by 13.0% in the fourth quarter.
Principal Financial Group Inc. now owns 51,766 shares of the company’s stock valued at $779,000 after purchasing an additional 5,970 shares during the last quarter. Norges Bank acquired a new position in shares of Primo Water in the fourth quarter valued at $18,559,000.
TD Asset Management Inc grew its stake in shares of Primo Water by 2.7% in the fourth quarter. TD Asset Management Inc now owns 645,325 shares of the company’s stock valued at $9,768,000 after acquiring an additional 16,942 shares in the last quarter.
Finally, CIBC Asset Management Inc grew its stake in shares of Primo Water by 2.9% in the fourth quarter. CIBC Asset Management Inc now owns 157,462 shares of the company’s stock valued at $2,380,000 after acquiring an additional 4,411 shares in the last quarter.
Institutional investors and hedge funds own 87.71% of the company’s stock. About Primo Water ( Get Free Report ) Primo Water Corporation provides pure-play water solutions for residential and commercial customers.
It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored essence water, filtration units, and coffee. Featured Stories Receive News & Ratings for Primo Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primo Water and related companies with MarketBeat.com's FREE daily email newsletter .
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