Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Primo Water Corp (NYSE: PRMW) weakened of late. 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 rose modestly by 0.8% on 11/15/24. The stock closed at $28.59. Moreover, this advance was accompanied by exceptionally high trading volume at 276% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 17.0% during the last week.
Current PriceTarget Research Rating
Primo Water has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Primo Water has a poor Appreciation Score of 28 but a very high Power Rating of 96, and the High Neutral Value Trend Rating results.
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