Last Updated: 19 Sep 2024
Executive Summary
Primo Water Corp. (PRMW) is a leading provider of water purification and delivery services in North America, Europe, and Israel. The company has a strong market position and is well-positioned for growth in the future. The stock is currently trading at $25.27, which is below its 52-week high of $25.5. However, the stock is still above its 52-week low of $12.67. The company has a market capitalization of $3.98 billion and a trailing price-to-earnings ratio of 50.71.
Company Overview
Primo Water Corp. was founded in 1986 and is headquartered in Tampa, Florida. The company provides water purification and delivery services to residential, commercial, and industrial customers. Primo Water Corp. also sells water filtration products and accessories. The company has a network of over 25,000 distribution points in North America, Europe, and Israel.
Fundamental Analysis
Primo Water Corp. has a strong financial position. The company has a healthy balance sheet with low debt and high levels of cash flow. The company's revenue and earnings have been growing steadily in recent years. In 2023, the company reported revenue of $1.85 billion and earnings per share of $0.49.
Primo Water Corp. is well-positioned for growth in the future. The company is benefiting from the growing demand for water purification and delivery services. The company is also expanding its product offerings and entering new markets.
Technical Analysis
The technical analysis of Primo Water Corp. stock is mixed. The stock is currently trading below its 50-day moving average and its 200-day moving average. The stock is also trading below its Ichimoku cloud. However, the stock is trading above its support level of $24.50.
Short Term Outlook
The short-term outlook for Primo Water Corp. stock is neutral. The stock is currently trading in a range between $24.50 and $25.50. The stock is likely to remain in this range in the near term.
Long Term Outlook
The long-term outlook for Primo Water Corp. stock is positive. The company is well-positioned for growth in the future. The stock is likely to appreciate in value over the long term.
Analyst Recommendations
The majority of analysts have a buy rating on Primo Water Corp. stock. The average analyst target price is $29.50.
