Primo Water (PRMW) Stock Forecast, Price Target & Predictions
PRMW Stock Forecast
Primo Water stock forecast is as follows: an average price target of $22.33 (represents a -21.10% downside from PRMW’s last price of $28.30) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
PRMW Price Target
The average price target for Primo Water (PRMW) is $22.33 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $30.00 to $16.00. This represents a potential -21.10% downside from PRMW's last price of $28.30.
PRMW Analyst Ratings
According to 6 Wall Street analysts, Primo Water's rating consensus is 'Buy'. The analyst rating breakdown for PRMW stock is 0 'Strong Buy' (0.00%), 4 'Buy' (66.67%), 2 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Primo Water Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 20, 2024 | Nik Modi | RBC Capital | $30.00 | $21.51 | 39.47% | 6.01% |
| Apr 03, 2024 | Pavel Molchanov | Raymond James | $21.00 | $18.21 | 15.32% | -25.80% |
| May 13, 2022 | Steve Powers | Deutsche Bank | $16.00 | $13.82 | 15.77% | -43.46% |
The latest Primo Water stock forecast, released on May 20, 2024 by Nik Modi from RBC Capital, set a price target of $30.00, which represents a 39.47% increase from the stock price at the time of the forecast ($21.51), and a 6.01% increase from PRMW last price ($28.30).
Primo Water Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $25.50 |
| Last Closing Price | $28.30 | $28.30 | $28.30 |
| Upside/Downside | -100.00% | -100.00% | -9.89% |
In the current month, the average price target of Primo Water stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Primo Water's last price of $28.30. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 24, 2024 | William Blair | Outperform | Initialise | |
| Oct 02, 2024 | Raymond James | Outperform | Market Perform | Downgrade |
| Oct 01, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jun 18, 2024 | CIBC | Outperform | Outperform | Hold |
| May 20, 2024 | RBC Capital | Outperform | Outperform | Hold |
| May 10, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Apr 03, 2024 | Raymond James | Outperform | Downgrade | |
| May 13, 2022 | Deutsche Bank | Hold | Hold | Hold |
| Feb 25, 2022 | Citigroup | Buy | Buy | Hold |
Primo Water's last stock rating was published by William Blair on Oct 24, 2024. The company Initialise its PRMW rating from "null" to "Outperform".
Primo Water Financial Forecast
Primo Water Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $438.70M | $622.00M | $593.30M | $546.50M | $533.00M | $584.60M | $571.40M | $526.10M | $505.00M | $550.80M | $526.10M | $518.00M | - | $456.80M | $517.50M | $474.20M | $474.20M | $604.10M |
| Avg Forecast | $1.79B | $1.95B | $1.79B | $1.64B | $497.12M | $548.13M | $511.12M | $470.11M | $457.29M | $501.54M | $480.28M | $441.93M | $567.10M | $628.50M | $597.54M | $535.22M | $544.86M | $553.87M | $553.89M | $526.07M | $542.91M | $541.41M | $504.46M | $471.35M | $491.15M | $494.77M | $441.61M | $451.88M | $614.38M | $619.91M |
| High Forecast | $1.82B | $1.98B | $1.82B | $1.67B | $504.52M | $556.29M | $518.73M | $481.51M | $465.67M | $509.00M | $487.43M | $448.51M | $571.20M | $632.72M | $606.43M | $543.19M | $552.97M | $553.87M | $553.89M | $526.07M | $542.91M | $541.41M | $504.46M | $471.35M | $491.15M | $494.77M | $441.61M | $451.88M | $614.38M | $619.91M |
| Low Forecast | $1.77B | $1.93B | $1.77B | $1.62B | $491.77M | $542.24M | $505.63M | $458.71M | $451.28M | $496.15M | $475.12M | $437.17M | $563.22M | $624.68M | $591.11M | $529.46M | $539.00M | $553.87M | $553.89M | $526.07M | $542.91M | $541.41M | $504.46M | $471.35M | $491.15M | $494.77M | $441.61M | $451.88M | $614.38M | $619.91M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 3 | 2 | 2 | 3 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 7 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.77% | 0.99% | 0.99% | 1.02% | 0.98% | 1.06% | 1.03% | 1.00% | 0.93% | 1.02% | 1.04% | 1.10% | - | 0.92% | 1.17% | 1.05% | 0.77% | 0.97% |
Primo Water's average Quarter revenue forecast for Mar 24 based on 2 analysts is $441.93M, with a low forecast of $437.17M, and a high forecast of $448.51M. PRMW's average Quarter revenue forecast represents a 0.74% increase compared to the company's last Quarter revenue of $438.70M (Dec 23).
Primo Water EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 3 | 2 | 2 | 3 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 7 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $40.80M | $72.40M | $47.60M | $93.50M | $116.70M | $89.30M | $90.20M | $79.80M | $85.50M | $93.80M | $63.70M | $78.40M | - | $-63.90M | $99.40M | $56.20M | $64.90M | $75.90M |
| Avg Forecast | $286.60M | $311.43M | $286.60M | $262.37M | $79.46M | $87.61M | $81.69M | $75.14M | $73.09M | $80.16M | $76.76M | $84.35M | $90.64M | $100.45M | $95.51M | $66.68M | $112.54M | $88.53M | $88.53M | $52.71M | $86.77M | $86.53M | $80.63M | $53.28M | $78.50M | $79.08M | $70.58M | $350.46M | $98.20M | $99.08M |
| High Forecast | $290.86M | $316.07M | $290.86M | $266.28M | $80.64M | $88.91M | $82.91M | $76.96M | $74.43M | $81.35M | $77.91M | $101.23M | $91.29M | $101.13M | $96.93M | $80.02M | $135.05M | $88.53M | $88.53M | $63.26M | $86.77M | $86.53M | $80.63M | $63.94M | $78.50M | $79.08M | $70.58M | $420.55M | $98.20M | $99.08M |
| Low Forecast | $283.51M | $308.08M | $283.51M | $259.55M | $78.60M | $86.67M | $80.81M | $73.32M | $72.13M | $79.30M | $75.94M | $67.48M | $90.02M | $99.84M | $94.48M | $53.35M | $90.03M | $88.53M | $88.53M | $42.17M | $86.77M | $86.53M | $80.63M | $42.62M | $78.50M | $79.08M | $70.58M | $280.37M | $98.20M | $99.08M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.45% | 0.72% | 0.50% | 1.40% | 1.04% | 1.01% | 1.02% | 1.51% | 0.99% | 1.08% | 0.79% | 1.47% | - | -0.81% | 1.41% | 0.16% | 0.66% | 0.77% |
2 analysts predict PRMW's average Quarter EBITDA for Mar 24 to be $84.35M, with a high of $101.23M and a low of $67.48M. This is 106.75% upper than Primo Water's previous annual EBITDA (Dec 23) of $40.80M.
Primo Water Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 3 | 2 | 2 | 3 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 7 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $13.30M | $33.40M | $21.30M | $5.80M | $57.50M | $1.30M | $-22.50M | $-6.70M | $-20.00M | $18.10M | $-8.30M | $-10.20M | - | $-131.70M | $22.30M | $-27.40M | $-27.40M | $4.40M |
| Avg Forecast | $61.60M | $76.19M | $58.36M | $42.15M | $46.47M | $61.06M | $49.17M | $33.50M | $40.53M | $48.99M | $39.06M | $-7.66M | $27.26M | $43.91M | $32.93M | $-6.05M | $-4.02M | $34.70M | $26.22M | $-4.79M | $31.81M | $36.13M | $17.73M | $-8.16M | $15.17M | $22.31M | $2.64M | $18.90M | $10.47M | $27.06M |
| High Forecast | $62.79M | $77.66M | $59.49M | $42.96M | $47.37M | $62.24M | $50.12M | $52.65M | $44.39M | $49.49M | $39.13M | $-6.13M | $30.29M | $48.78M | $33.56M | $-4.84M | $-3.22M | $34.70M | $26.22M | $-3.83M | $31.81M | $36.13M | $17.73M | $-6.53M | $15.17M | $22.31M | $2.64M | $22.68M | $10.47M | $27.06M |
| Low Forecast | $60.74M | $75.12M | $57.54M | $41.56M | $45.82M | $60.20M | $48.48M | $14.36M | $38.60M | $48.50M | $38.99M | $-9.19M | $24.23M | $39.03M | $32.47M | $-7.26M | $-4.82M | $34.70M | $26.22M | $-5.74M | $31.81M | $36.13M | $17.73M | $-9.79M | $15.17M | $22.31M | $2.64M | $15.12M | $10.47M | $27.06M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.49% | 0.76% | 0.65% | -0.96% | -14.31% | 0.04% | -0.86% | 1.40% | -0.63% | 0.50% | -0.47% | 1.25% | - | -5.90% | 8.43% | -1.45% | -2.62% | 0.16% |
Primo Water's average Quarter net income forecast for Mar 24 is $-7.66M, with a range of $-9.19M to $-6.13M. PRMW's average Quarter net income forecast represents a -157.58% decrease compared to the company's last Quarter net income of $13.30M (Dec 23).
Primo Water SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 3 | 2 | 2 | 3 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 7 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $250.00M | $315.30M | $317.70M | $303.50M | $284.20M | $297.30M | $291.60M | $278.30M | $247.60M | $263.60M | $259.90M | $262.80M | - | $246.70M | $257.20M | $255.10M | $255.10M | $284.20M |
| Avg Forecast | $914.36M | $993.60M | $914.36M | $837.07M | $253.49M | $279.51M | $260.63M | $239.72M | $233.18M | $255.75M | $244.91M | $318.10M | $289.18M | $320.49M | $304.70M | $251.46M | $377.25M | $282.43M | $282.44M | $198.79M | $276.84M | $276.08M | $257.23M | $198.40M | $250.45M | $252.29M | $225.18M | $230.42M | $313.29M | $316.10M |
| High Forecast | $927.96M | $1.01B | $927.96M | $849.53M | $257.27M | $283.66M | $264.51M | $245.53M | $237.46M | $259.55M | $248.55M | $381.72M | $291.26M | $322.64M | $309.23M | $301.76M | $452.70M | $282.43M | $282.44M | $238.54M | $276.84M | $276.08M | $257.23M | $238.08M | $250.45M | $252.29M | $225.18M | $230.42M | $313.29M | $316.10M |
| Low Forecast | $904.52M | $982.91M | $904.52M | $828.07M | $250.77M | $276.50M | $257.83M | $233.91M | $230.12M | $253.00M | $242.27M | $254.48M | $287.20M | $318.54M | $301.42M | $201.17M | $301.80M | $282.43M | $282.44M | $159.03M | $276.84M | $276.08M | $257.23M | $158.72M | $250.45M | $252.29M | $225.18M | $230.42M | $313.29M | $316.10M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.86% | 0.98% | 1.04% | 1.21% | 0.75% | 1.05% | 1.03% | 1.40% | 0.89% | 0.95% | 1.01% | 1.32% | - | 0.98% | 1.14% | 1.11% | 0.81% | 0.90% |
Primo Water's average Quarter SG&A projection for Mar 24 is $318.10M, based on 2 Wall Street analysts, with a range of $254.48M to $381.72M. The forecast indicates a 27.24% rise compared to PRMW last annual SG&A of $250.00M (Dec 23).
Primo Water EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 3 | 2 | 2 | 3 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 7 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.21 | $0.13 | $0.04 | $0.36 | $0.01 | $-0.14 | $-0.04 | $-0.12 | $0.11 | $-0.05 | $-0.06 | - | $-0.82 | $0.14 | $-0.19 | $-0.19 | $0.07 |
| Avg Forecast | $0.38 | $0.47 | $0.36 | $0.26 | $0.29 | $0.38 | $0.30 | $0.21 | $0.25 | $0.30 | $0.24 | $0.14 | $0.17 | $0.27 | $0.20 | $0.09 | $0.17 | $0.22 | $0.16 | $0.06 | $0.20 | $0.22 | $0.11 | $0.02 | $0.09 | $0.14 | $0.02 | $-0.04 | $0.06 | $0.17 |
| High Forecast | $0.39 | $0.48 | $0.37 | $0.27 | $0.29 | $0.38 | $0.31 | $0.32 | $0.27 | $0.31 | $0.24 | $0.14 | $0.19 | $0.30 | $0.21 | $0.09 | $0.17 | $0.22 | $0.16 | $0.06 | $0.20 | $0.22 | $0.11 | $0.02 | $0.09 | $0.14 | $0.02 | $-0.04 | $0.06 | $0.17 |
| Low Forecast | $0.37 | $0.46 | $0.36 | $0.26 | $0.28 | $0.37 | $0.30 | $0.09 | $0.24 | $0.30 | $0.24 | $0.14 | $0.15 | $0.24 | $0.20 | $0.08 | $0.17 | $0.22 | $0.16 | $0.06 | $0.20 | $0.22 | $0.11 | $0.02 | $0.09 | $0.14 | $0.02 | $-0.04 | $0.06 | $0.17 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.78% | 0.64% | 0.47% | 2.12% | 0.05% | -0.86% | -0.65% | -0.61% | 0.49% | -0.47% | -2.87% | - | -5.93% | 8.54% | 5.06% | -2.93% | 0.42% |
According to 2 Wall Street analysts, Primo Water's projected average Quarter EPS for Mar 24 is $0.14, with a low estimate of $0.14 and a high estimate of $0.14. This represents a 142150.00% increase compared to PRMW previous annual EPS of - (Dec 23).
Primo Water Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| KOF | Coca-Cola FEMSA | $81.69 | $111.90 | 36.98% | Buy |
| KDP | Keurig Dr Pepper | $33.04 | $40.75 | 23.34% | Buy |
| PEP | PepsiCo | $156.14 | $183.67 | 17.63% | Buy |
| CCEP | Coca-Cola Europacific Partners | $77.55 | $85.20 | 9.86% | Buy |
| MNST | Monster Beverage | $51.95 | $56.57 | 8.89% | Buy |
| FIZZ | National Beverage | $46.52 | $45.00 | -3.27% | Hold |
| COCO | Vita Coco Company | $36.19 | $33.00 | -8.81% | Buy |