The Vanguard Group, Inc. has recently announced that it has increased stake in Primo Water Corporation (NYSE:PRMW) by 0.07%. After grabbing 9.63 million shares, the institutional investor is now in possession of 6724.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 6.02% having worth around $146.22 million. Moreover, Fidelity Management & Research Co increased its share by 43925.0 to have a control over 8.06 million shares. And Fuller & Thaler Asset Management, raised its holdings to 0.23 million shares by acquiring 7.93 million shares or 4.96% of the stake.
Primo Water Corporation (PRMW) concluded trading on 05/25/23 at a closing price of $13.14, with 0.94 million shares of worth about $12.31 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.90% during that period and on Thursday the price saw a loss of about -4.09%. Currently the company’s common shares owned by public are about 159.73M shares, out of which, 155.63M shares are available for trading.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the PRMW stock and their offered price forecasts bring an average price target of $20.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $24.00 and could fall to a lowest price of $16.00. The stock’s current price level is 33.9% above of average price target set by the analysts, while a rise to estimated low would result in gain of 17.87% for the stock. However, touching the estimated high of $24.00 would mean a gain of 45.25% for the stock.
Undiscovered Managers Behavioral, JPMorgan Small Cap Equity Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Primo Water Corporation Undiscovered Managers Behavioral is currently holding 6.5 million shares of worth totaling $98.68 million. The company recently came selling 42800.0 shares which brought its stake up to 4.06% of the company’s outstanding shares. JPMorgan Small Cap Equity Fund bought 45521.0 shares, after which its hold over company’s outstanding shares expand to 3.00%, leaving 4.79 million shares with the mutual fund that have a worth of about $72.82 million. Vanguard Total Stock Market ETF, after buying 4.72 million shares, have now control over 2.95% of the stake in the company. It holds 60663.0 shares of worth $71.75 million.
Primo Water Corporation (NYSE: PRMW) started trading at $13.59, below -$0.11 from concluding price of the previous day. However, the stock later moved at a day high price of 13.59, or with a loss of -4.09%. Stock saw a price change of -5.40% in past 5 days and over the past one month there was a price change of -12.17%. Year-to-date (YTD), PRMW shares are showing a performance of -15.44% which decreased to -5.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.15 but also hit the highest price of $16.47 during that period. The average intraday trading volume for Primo Water Corporation shares is 766.40K. The stock is currently trading -8.34% below its 20-day simple moving average (SMA20), while that difference is down -10.36% for SMA50 and it goes to -10.13% lower than SMA200.
The Vanguard Group, Inc. acquired 9.63 million shares of Primo Water Corporation having value of about $146.22 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 6724.0 shares in the company valued at close to $88353.36, or have control over 0.07% stake in the company. Primo Water Corporation (NYSE: PRMW) currently have 159.73M outstanding shares and institutions hold larger chunk of about 74.30% of that. Holding of mutual funds in the company is about 30.99% while other institutional holders and individual stake holders have control over 55.99% and 3.99% of the stake respectively.
The stock has a current market capitalization of $2.14B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 51.73, while it has posted earnings per share of $0.25 in the same period. Its PEG reads 2.88 and has Quick Ratio of 0.60 while making debt-to-equity ratio of 1.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PRMW, volatility over the week remained 2.31% while standing at 2.51% over the month.
Analysts are in expectations that Primo Water Corporation (PRMW) stock would likely to be making an EPS of $0.2 in the current quarter, while forecast for next quarter EPS is $0.27 and it is $1.01 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.17 which is $0.23 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 11.90% while it is estimated to increase by 37.60% in next year. EPS is likely to shrink at an annualized rate of 17.99% for next 5-years, compared to annual growth of 22.00% made by the stock over the past 5-years.
Analysts at 10 brokerage firms have issued recommendations for the Primo Water Corporation (PRMW)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 10 Wall Street analysts, 7 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Leave a Reply