News stories about Primo Water (NASDAQ:PRMW) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Primo Water earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.7851252042939 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
PRMW stock opened at $11.43 on Friday. The stock has a market cap of $353.93, a price-to-earnings ratio of -54.43, a P/E/G ratio of 4.41 and a beta of -0.19. Primo Water has a 1 year low of $10.47 and a 1 year high of $13.86. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 3.77.
Several equities research analysts have recently commented on PRMW shares. BidaskClub downgraded shares of Primo Water from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. B. Riley set a $18.00 price objective on shares of Primo Water and gave the stock a “buy” rating in a research note on Monday, March 5th. Zacks Investment Research downgraded shares of Primo Water from a “hold” rating to a “sell” rating in a research note on Friday, March 9th. Finally, ValuEngine downgraded shares of Primo Water from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Primo Water presently has a consensus rating of “Hold” and an average price target of $16.50.
In related news, insider Camden Partners Strategic Fund sold 58,383 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $12.35, for a total transaction of $721,030.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David L. Warnock sold 33,226 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $12.37, for a total transaction of $411,005.62. Following the transaction, the director now owns 25,157 shares of the company’s stock, valued at $311,192.09. The disclosure for this sale can be found here. Insiders have sold 93,526 shares of company stock valued at $1,155,653 over the last 90 days. 15.80% of the stock is currently owned by insiders.
Primo Water Company Profile
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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