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Primo Water (PRMW) Stock Forecast & Price Target

$20.77
+0.32 (+1.56%)
(As of 09:45 AM 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

Based on 6 Wall Street analysts who have issued ratings for Primo Water in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 1 has given a hold rating, and 5 have given a buy rating for PRMW.

Consensus Price Target

$25.83
24.38% Upside
High Forecast$32.00
Average Forecast$25.83
Low Forecast$20.00

According to the 6 analysts' twelve-month price targets for Primo Water, the average price target is $25.83. The highest price target for PRMW is $32.00, while the lowest price target for PRMW is $20.00. The average price target represents a forecasted upside of 24.38% from the current price of $20.77.

TypeCurrent Forecast
7/23/23 to 7/22/24
1 Month Ago
6/23/23 to 6/22/24
3 Months Ago
4/24/23 to 4/23/24
1 Year Ago
7/23/22 to 7/23/23
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)
4 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$25.83$20.75$19.33
Forecasted Upside24.38% Upside22.50% Upside31.36% Upside38.29% 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.
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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.
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Primo Water Stock vs. The Competition

TypePrimo WaterUtilities CompaniesS&P 500
Consensus Rating Score
2.83
2.47
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside26.32% Upside59.43% Upside10.08% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/18/2024TD Securities
4 of 5 stars
 Boost TargetBuy$30.00 ➝ $32.00+42.03%
6/18/2024CIBC
3 of 5 stars
 Boost TargetOutperformer ➝ Outperformer$24.00 ➝ $26.00+13.59%
6/18/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$24.00 ➝ $26.00+14.49%
6/18/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOutperform ➝ Outperform$30.00 ➝ $30.00+31.46%
5/10/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetHold ➝ Hold$17.00 ➝ $20.00-6.32%
4/3/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeStrong-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 Monday at 10:02 AM ET.

PRMW Forecast - Frequently Asked Questions

What is Primo Water's forecast for 2024?

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.

Should I buy or sell Primo Water stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Primo Water in the last year. There is currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PRMW shares.

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., Royal Bank of Canada, and TD Securities in the past 90 days.

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.


This page (NYSE:PRMW) was last updated on 7/22/2024 by MarketBeat.com Staff

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