Last Updated: 14 Nov 2024
Executive Summary
Primo Water Corp (PRMW) is a leading provider of water and water filtration services in North America, Europe, and Israel. The company's stock has performed strongly in recent years, outperforming the broader market. Analysts are generally positive on the stock, with a consensus Buy rating and an average target price of $29.5.
Company Overview
Primo Water Corp is headquartered in Tampa, Florida. The company was founded in 1989 and has grown to become one of the largest water and water filtration companies in the world. Primo Water Corp sells a variety of water products, including bottled water, water dispensers, and water filtration systems. The company also provides water delivery services to homes and businesses.
Fundamental Analysis
Primo Water Corp is a financially sound company with a strong track record of growth. The company's revenue has grown by an average of 10% per year over the past five years. Primo Water Corp is also profitable, with a net income margin of 13.6%. The company's balance sheet is strong, with a debt-to-equity ratio of 0.5.
Technical Analysis
Primo Water Corp's stock price has been in an uptrend since early 2023. The stock is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is also above 50, indicating that the stock is overbought.
Short Term Outlook
In the short term, Primo Water Corp's stock price is likely to continue to rise. The company's fundamentals are strong, and the technical analysis is positive. However, the stock is currently overbought, so there is some risk of a pullback.
Long Term Outlook
In the long term, Primo Water Corp is a good investment. The company is a leader in a growing industry, and it has a strong track record of growth. The company's stock is also relatively undervalued, with a forward PE ratio of 22.52.
Analyst Recommendations
Analysts are generally positive on Primo Water Corp. The consensus rating is Buy, and the average target price is $29.5.
