Primo Water Corporation (PRMW)
NYSE: PRMW · Real-Time Price · USD
26.24
-0.29 (-1.09%)
Nov 4, 2024, 4:00 PM EST - Market closed
Primo Water Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Primo Water stock have an average target of 24.75, with a low estimate of 20 and a high estimate of 30. The average target predicts a decrease of -5.68% from the current stock price of 26.24.
Analyst Consensus: Buy
* Price targets were last updated on Oct 1, 2024.
Analyst Ratings
The average analyst rating for Primo Water stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 1 | 1 | 1 | 1 | 1 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| William Blair | William Blair | Buy Initiates n/a | Buy | Initiates | n/a | n/a | Oct 24, 2024 |
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Oct 2, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $30 | Buy | Reiterates | $30 | +14.33% | Oct 1, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $24 → $26 | Buy | Maintains | $24 → $26 | -0.91% | Jun 18, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $30 | Buy | Reiterates | $30 | +14.33% | Jun 18, 2024 |
Financial Forecast
Revenue This Year
1.92B
from 1.77B
Increased by 8.53%
Revenue Next Year
2.03B
from 1.92B
Increased by 5.77%
EPS This Year
1.00
from 1.49
Decreased by -32.87%
EPS Next Year
1.14
from 1.00
Increased by 14.58%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.0B | 2.1B | 2.2B | ||
| Avg | 1.9B | 2.0B | 2.2B | ||
| Low | 1.8B | 1.9B | 2.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.2% | 9.7% | 10.5% | ||
| Avg | 8.5% | 5.8% | 6.6% | ||
| Low | 4.0% | 0.7% | 1.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.04 | 1.21 | 1.46 | ||
| Avg | 1.00 | 1.14 | 1.42 | ||
| Low | 0.93 | 1.08 | 1.36 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -30.0% | 21.1% | 27.8% | ||
| Avg | -32.9% | 14.6% | 24.1% | ||
| Low | -37.3% | 8.1% | 19.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.