Key Analysts at BMO Capital Maintain their ‘Market Perform’ rating for Primo Water (NASDAQ:PRMW) Shares Today. Their PT Given is $18

August 9, 2018 - By Lisa Delgado

Primo Water Corporation (NASDAQ:PRMW) Logo

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.65, from 1.65 in 2017Q4. It fall, as 8 investors sold Primo Water Corporation shares while 30 reduced holdings. 8 funds opened positions while 30 raised stakes. 18.99 million shares or 1.75% less from 19.33 million shares in 2017Q4 were reported.

Blackrock Inc holds 0% of its portfolio in Primo Water Corporation (NASDAQ:PRMW) for 1.46M shares. Wells Fargo Mn has invested 0% in Primo Water Corporation (NASDAQ:PRMW). 65,705 were accumulated by California Public Employees Retirement Systems. Bnp Paribas Arbitrage Sa has invested 0% in Primo Water Corporation (NASDAQ:PRMW). Morgan Stanley invested in 82,966 shares. Northern Trust reported 0% stake. Parallax Volatility Advisers Ltd Partnership invested in 0% or 33,053 shares. New York-based Renaissance Ltd Com has invested 0% in Primo Water Corporation (NASDAQ:PRMW). Ny State Common Retirement Fund reported 0% stake. Hawk Ridge Cap Mngmt Lp holds 0.31% or 91,851 shares in its portfolio. Monarch Asset Management Limited reported 164,703 shares. Price T Rowe Associates Md has invested 0% in Primo Water Corporation (NASDAQ:PRMW). Akre Management Ltd Com holds 0.29% or 1.91 million shares. Balyasny Asset Management Limited Liability has invested 0% in Primo Water Corporation (NASDAQ:PRMW). Parametric Port Assocs Ltd Liability Com owns 25,216 shares for 0% of their portfolio.

Since March 9, 2018, it had 3 insider purchases, and 3 insider sales for $281,162 activity. Shares for $1,020 were bought by Sheehan Matthew on Friday, March 9. $11,965 worth of Primo Water Corporation (NASDAQ:PRMW) shares were bought by Hass David W.. Mills David J had sold 2,336 shares worth $35,040 on Friday, May 18. Shares for $13,440 were bought by Kilgore Jack C. on Friday, March 9.

Primo Water (NASDAQ:PRMW) Rating Reaffirmed

They currently have a $18 target on Primo Water (NASDAQ:PRMW). The target price by BMO Capital would suggest a potential downside of -7.36 % from the company’s previous close. This has been released in an analyst note on 8 August.

Primo Water Corporation (NASDAQ:PRMW) Ratings Coverage

Among 4 analysts covering Primo Water Corp (NASDAQ:PRMW), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Primo Water Corp has $22 highest and $16 lowest target. $20’s average target is 2.93% above currents $19.43 stock price. Primo Water Corp had 6 analyst reports since March 5, 2018 according to SRatingsIntel. As per Monday, March 5, the company rating was maintained by FBR Capital. The stock of Primo Water Corporation (NASDAQ:PRMW) earned “Buy” rating by FBR Capital on Tuesday, June 26. The stock of Primo Water Corporation (NASDAQ:PRMW) earned “Market Perform” rating by BMO Capital Markets on Thursday, May 24. On Thursday, May 24 the stock rating was initiated by William Blair with “Buy”. The stock of Primo Water Corporation (NASDAQ:PRMW) has “Market Perform” rating given on Wednesday, August 8 by BMO Capital Markets.

The stock increased 1.78% or $0.34 during the last trading session, reaching $19.43. About 94,035 shares traded. Primo Water Corporation (NASDAQ:PRMW) has risen 29.05% since August 9, 2017 and is uptrending. It has outperformed by 16.48% the S&P500.

Primo Water Corporation, together with its subsidiaries, provides multi-gallon purified bottled water, self-service refill water, and water dispensers in the United States and Canada. The company has market cap of $731.27 million. The firm operates in two divisions, Primo Water and Primo Dispensers. It has a 68.66 P/E ratio. The Primo Water segment offers exchange and refill products through point of purchase display racks, or self-serve filtered water displays and recycling centers.

More recent Primo Water Corporation (NASDAQ:PRMW) news were published by: Globenewswire.com which released: “Primo Water Makes Big Environmental Splash in Pan-Mass Challenge” on July 27, 2018. Also Globenewswire.com published the news titled: “Primo Water Announces Second Quarter 2018 Financial Results” on August 07, 2018. Nasdaq.com‘s news article titled: “Primo Water to Announce Results for the Second Quarter Ended June 30, 2018” with publication date: July 17, 2018 was also an interesting one.

Primo Water Corporation (NASDAQ:PRMW) Institutional Positions Chart

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