Primo Water (PRMW) is Upgraded by Barrington Research to Outperform according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $9.50. Earlier the firm had a rating of Mkt Perform on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-29-2015.
The company shares have rallied 77.15% in the past 52 Weeks. On November 10, 2015 The shares registered one year high of $9.7 and one year low was seen on February 23, 2015 at $3.9. The 50-day moving average is $8.67 and the 200 day moving average is recorded at $7.29. S&P 500 has rallied 1.33% during the last 52-weeks.
Primo Water Corporation (NASDAQ:PRMW) has lost 7.88% during the past week and dropped 10% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 10.36%. Primo Water Corporation (NASDAQ:PRMW) has underperformed the index by 8.73% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
During the last several months other analysts have commented on the company rating. Equity Analysts at the Barrington Research downgrades the rating on Primo Water Corporation (NASDAQ:PRMW). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on October 30, 2015.
Primo Water Corporation (NASDAQ:PRMW) : On Thursday heightened volatility was witnessed in Primo Water Corporation (NASDAQ:PRMW) which led to swings in the share price. The shares opened for trading at $7.54 and hit $7.94 on the upside , eventually ending the session at $7.83, with a gain of 4.26% or 0.32 points. The heightened volatility saw the trading volume jump to 56,167 shares. The 52-week high of the share price is $9.7 and the company has a market cap of $202 million. The 52-week low of the share price is at $3.9 .
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Kilgore Jack C., director of Primo Water Corp, had purchased 5,685 shares on June 8, 2015. The total value of the transaction was $34,508. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Primo Water Corporation (NASDAQ:PRMW): The mean estimate for the short term price target for Primo Water Corporation (NASDAQ:PRMW) stands at $10.5 according to 3 Analysts. The higher price target estimate for the stock has been calculated at $11 while the lower price target estimate is at $10.
Primo Water Corporation is a provider of three- and five-gallon purified bottled water and water dispensers sold through retailers. The Company’s products provide solution for consuming purified water. It offers razor-razorblade products. Primo consumers purchase an average of 35 bottles of water annually and each bottle can be sanitized and reused up to 40 times before being taken out of use, crushed and recycled. The Company has two segments: Primo Bottled Water Exchange (Exchange) and Primo Products (Products). Its Exchange segment sells three- and five-gallon purified bottled water through retailers in each of the contiguous United States. Its Products segment sells water dispensers that are designed to dispense Primo and other dispenser-compatible bottled water. In December 2009, the Company completed the divesture of its subsidiary, Prima Bottled Water, Inc. (Prima). In April 2011, the Company acquired certain assets of Omnifrio Beverage Company, LLC.