Primo Water (PRMW) Stock Forecast & Price Target

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$22.17

-0.62 (-2.72%)

(As of 06/18/2024 ET)

Primo Water - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings

Consensus Price Target

$25.83
16.52% Upside

High Forecast	$32.00
Average Forecast	$25.83
Low Forecast	$20.00

Type	Current Forecast 6/20/23 to 6/19/24	1 Month Ago 5/21/23 to 5/20/24	3 Months Ago 3/22/23 to 3/21/24	1 Year Ago 6/20/22 to 6/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$25.83	$22.50	$20.67	$19.33
Forecasted Upside	16.52% Upside	21.35% Upside	37.87% Upside	38.29% Upside

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PRMW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PRMW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Primo Water Stock vs. The Competition

Type	Primo Water	Utilities Companies	S&P 500
Consensus Rating Score	2.83	2.44	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	16.52% Upside	70.57% Upside	11.31% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
6/18/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$30.00 ➝ $32.00	+42.03%
6/18/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperformer ➝ Outperformer	$24.00 ➝ $26.00	+13.59%
6/18/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$24.00 ➝ $26.00	+14.49%
6/18/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$30.00 ➝ $30.00	+31.46%
5/10/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$17.00 ➝ $20.00	-6.32%
4/3/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Outperform	$21.00	+15.29%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:07 AM ET.

PRMW Forecast - Frequently Asked Questions

What is Primo Water's stock forecast and purchase recommendation?: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Primo Water is $25.83, with a high forecast of $32.00 and a low forecast of $20.00. The consensus rating for Primo Water stock is Moderate Buy based on the current 1 hold rating and 5 buy ratings for PRMW. Learn more on PRMW's analyst rating history.
Do Wall Street analysts like Primo Water more than its competitors?: Analysts like Primo Water more than other "utilities" companies. The consensus rating for Primo Water is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how PRMW compares to other companies.
Is Primo Water being downgraded by Wall Street analysts?: Over the previous 90 days, Primo Water's stock had 1 downgrade by analysts.

Does Primo Water's stock price have much upside?: According to analysts, Primo Water's stock has a predicted upside of 22.50% based on their 12-month stock forecasts.
What analysts cover Primo Water?: Primo Water has been rated by research analysts at CIBC, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Raymond James, Royal Bank of Canada, and TD Securities in the past 90 days.