Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Primo Water Corp (NYSE: PRMW) weakened recently. PRMW’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Primo Water Corp (NYSE: PRMW) stock increased 1.5% on 10/18/24. The shares closed at $27.67. NORMAL trading volume accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 10.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PRMW is expected to continue to be an important Value Builder.
Primo Water has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Primo Water has a poor Appreciation Score of 29 but a very high Power Rating of 96, leading to the High Neutral Value Trend Rating.
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