PRMW stock: buy or sell?
January 17th, 2020
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.
Should I buy PRMW stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading strategy that matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Primo Water stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Primo Water stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we collected 9 ratings published for PRMW stock in the last month. The general sentiment of these ratings is bullish for PRMW stock, with 9 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-3-6||BMO Capital Markets||Outperform||Outperform|
PRMW stock analysis
After climbing for 4 days, Friday Primo Water remained constant an unpleasant -0.27%, closing at $14.67.
After climbing for 4 days, Friday Primo Water remained steady an unpleasant -0.27%, closing at $14.67. For the last 5 days when PRMW stock price broke up the SMA200d line, it gained $3.58 (32.28%).
Primo Water crossed up the simple moving average line of 200d, closing at $14.67.
PRMW stock price history
PRMW stock went public on November 5th, 2010 with a price of $15.001. Since then, PRMW stock lost a -2.20%, with a yearly average of -0.20%.
1: Adjusted price after possible price splits or reverse-splits.
PRMW stock historical price chart
PRMW stock reached 52-week highs on May at $16.35, and all-time highs 2018-08-20 with a price of 20.72.
PRMW stock price target is $18.30How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 9 price predictions for Primo Water stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-7||Imperial Capital||Lowers Target||$18.00||$15.00||-16.7%|
|2019-6-26||Barrington Research||Set Price Target||n/a||$18.00||-|
|2019-6-18||Imperial Capital||Lowers Target||$20.00||$18.00||-10%|
|2019-3-6||BMO Capital Markets||Raises Target||$17.00||$18.00||5.9%|
|2019-3-6||B. Riley||Raises Target||$19.00||$21.00||10.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on March, Primo Water . As soon as we get its actual EPS from the earnings report, we will extend this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Primo Water annual sales soared a beatiful 5.61% to $302.11 M USD from $286.07 marked in 2017. Nevertheless, its profit margin (compared to sales) plunged to -18.15%, that is $-54.85 million.
|2013||$91 M||-||$-8.84 M-9.7%||-|
|2014||$106 M||16.57%||$-13.47 M-12.7%||52.34%|
|2015||$127 M||19.40%||$1.86 M1.5%||-113.79%|
|2016||$143 M||12.28%||$-5.95 M-4.2%||-420.19%|
|2017||$286 M||100.70%||$-6.36 M-2.2%||6.95%|
|2018||$302 M||5.61%||$-54.85 M-18.2%||762.51%|
Quarterly financial resultsPrimo Water posted $70.88 M in sales for 2018-Q4, a -13.32% less compared to previous quarter. Reported quarter income marked $1.73 M with a profit margin of 2.44%. Profit margin climbed a 73.66% compared to previous quarter when profit margin was -71.22%. When comparing sales to same quarter last year, Primo Water sales marked a decent gain and appreciated a 3.76%.
|2017-Q1||$61 M||-||$-11.86 M-19.5%||-|
|2017-Q2||$75 M||23.18%||$-2.48 M-3.3%||-79.09%|
|2017-Q3||$82 M||9.87%||$4.95 M6.0%||-299.48%|
|2017-Q4||$68 M||-16.90%||$3.03 M4.4%||-38.71%|
|2018-Q1||$74 M||7.83%||$1.21 M1.6%||-60.09%|
|2018-Q2||$76 M||2.91%||$0.45 M0.6%||-62.73%|
|2018-Q3||$82 M||7.87%||$-58.24 M-71.2%||-13,013.08%|
|2018-Q4||$71 M||-13.32%||$1.73 M2.4%||-102.97%|
Primo Water ownershipWhen you are planning to buy a company, it's worth to overview its ownership structure.
Primo Water shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 8.74% of all shares.
Bearish positions for PRMW stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Primo Water:
|Market cap||$575.7 M||$243.7 B||$6.4 B||$196.4 B|
|Total shares||39.2 M||4,280.0 M||56.1 M||1,390.0 M|
|Float shares||32.2 M||3,850.0 M||55.0 M||1,390.0 M|
|- Institutional holdings (%)||86.5%||69.5%||99.5%||73.7%|
|- Insider holdings (%)||8.7%||0.8%||2.0%||0.2%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%|
|Friday, January 17th, 2020|
|Day range||$14.63 - $14.82|
|Average true range||$0.48|
|50d mov avg||$10.95|
|100d mov avg||$11.65|
|200d mov avg||$12.46|
Primo Water performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Primo Water, the benchmark is made against Coca-Cola, The Middleby and Pepsico.