Recent extremely meaningful negative changes in investment behavior have impacted Primo Water Corporation (NASDAQ: PRMW): negative upside/downside volume developed, and its shorter term price trend turned down.
Meaningful negative changes in fundamentals have recently occurred for Primo Water Corporation (NASDAQ: PRMW): the consensus estimate for December, 2019 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PRMW is expected to continue to be a major Value Builder.
Primo Water has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Primo Water has a slightly positive Appreciation Score of 67 but a slightly negative Power Rating of 30, and the Neutral Value Trend Rating results.
Recent Price Action
On 5/13/19, Primo Water Corporation (NASDAQ: PRMW) stock declined by -1.9%, closing at $12.21. Trading volume in this decline was normal. Relative to the market the stock has been weak over the last nine months and has declined -24.7% during the last week.