Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Primo Water Corp (NYSE: PRMW) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Primo Water Corp (NYSE: PRMW) stock declined slightly by -0.9% on 11/8/24. The stock closed at $24.21. Moreover, exceptionally high trading volume at 632% of normal accompanied the decline. The stock has declined -7.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Primo Water has a slightly negative Appreciation Score of 36 but a very high Power Rating of 97, and the Positive Value Trend Rating results.
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