Primo Water Corporation (PRMW)
NYSE: PRMW · IEX Real-Time Price · USD
21.06
-0.18 (-0.85%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Primo Water Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Primo Water stock have an average target of 24, with a low estimate of 20 and a high estimate of 30. The average target predicts an increase of 13.96% from the current stock price of 21.06.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Primo Water stock from 5 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 2 | 3 | 3 | 3 |
| Hold | 1 | 1 | 0 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $24 → $26 | Buy | Maintains | $24 → $26 | +23.46% | Jun 18, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $30 | Buy | Reiterates | $30 | +42.45% | Jun 18, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $19 → $30 | Buy | Maintains | $19 → $30 | +42.45% | May 20, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Maintains $17 → $20 | Hold | Maintains | $17 → $20 | -5.03% | May 10, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $19 → $21 | Buy | Maintains | $19 → $21 | -0.28% | May 2, 2024 |
Financial Forecast
Revenue This Year
1.92B
from 1.77B
Increased by 8.20%
Revenue Next Year
2.02B
from 1.92B
Increased by 5.16%
EPS This Year
0.97
from 1.48
Decreased by -34.30%
EPS Next Year
1.14
from 0.97
Increased by 17.13%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.0B | 2.1B | 2.1B | 2.3B | 2.5B |
| Avg | 1.9B | 2.0B | 2.1B | 2.2B | 2.3B |
| Low | 1.8B | 1.9B | 2.0B | 2.0B | 2.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.7% | 10.1% | 5.1% | 13.6% | 13.1% |
| Avg | 8.2% | 5.2% | 2.1% | 6.2% | 4.4% |
| Low | 3.4% | -0.5% | -1.9% | -0.6% | -3.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.03 | 1.29 | 1.26 | 1.42 | 1.58 |
| Avg | 0.97 | 1.14 | 1.22 | 1.19 | 1.31 |
| Low | 0.90 | 1.02 | 1.18 | 0.96 | 1.05 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -30.5% | 32.8% | 10.6% | 15.9% | 32.6% |
| Avg | -34.3% | 17.1% | 7.5% | -2.9% | 10.3% |
| Low | -39.1% | 4.8% | 3.2% | -21.5% | -11.8% |
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.