Primo Water Corporation (PRMW)
NYSE: PRMW · IEX Real-Time Price · USD
18.43
+0.31 (1.71%)
Apr 19, 2024, 4:00 PM EDT - Market closed
Primo Water Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Primo Water stock have an average target of 21, with a low estimate of 19 and a high estimate of 23. The average target predicts an increase of 13.94% from the current stock price of 18.43.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Primo Water stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 2 |
| Hold | 1 | 1 | 1 | 1 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Strong Buy → Buy Downgrades $21 | Strong Buy → Buy | Downgrades | $21 | +13.94% | Apr 3, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $18 → $19 | Buy | Maintains | $18 → $19 | +3.09% | Feb 20, 2024 |
| TD Securities | TD Securities | Strong Buy Maintains $26 → $23 | Strong Buy | Maintains | $26 → $23 | +24.80% | Jan 11, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $20 → $18 | Buy | Maintains | $20 → $18 | -2.33% | Oct 31, 2023 |
| JP Morgan | JP Morgan | Buy Maintains $18 → $20 | Buy | Maintains | $18 → $20 | +8.52% | Aug 11, 2023 |
Financial Forecast
Revenue This Year
1.90B
from 1.77B
Increased by 7.35%
Revenue Next Year
2.01B
from 1.90B
Increased by 5.78%
EPS This Year
0.87
from 1.48
Decreased by -41.07%
EPS Next Year
1.05
from 0.87
Increased by 19.88%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.0B | 2.1B | 2.1B | 3.0B | 3.1B |
| Avg | 1.9B | 2.0B | 2.1B | 2.9B | 3.0B |
| Low | 1.8B | 1.9B | 2.0B | 2.8B | 2.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.8% | 11.5% | 5.8% | 43.9% | 7.1% |
| Avg | 7.3% | 5.8% | 2.2% | 39.8% | 4.0% |
| Low | 2.7% | -0.4% | -2.3% | 34.4% | -0.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.97 | 1.29 | 1.18 | 1.09 | 1.17 |
| Avg | 0.87 | 1.05 | 1.03 | 1.06 | 1.13 |
| Low | 0.74 | 0.78 | 0.87 | 1.02 | 1.09 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -34.7% | 48.1% | 12.5% | 6.5% | 9.9% |
| Avg | -41.1% | 19.9% | -2.0% | 3.5% | 6.7% |
| Low | -49.7% | -10.1% | -16.6% | -0.6% | 2.5% |
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.