Primo Water (PRMW) Stock Forecast, Price Target & Predictions


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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


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 20, 2024Nik ModiRBC Capital--39.47%6.01%
Apr 03, 2024Pavel MolchanovRaymond James--15.32%-25.80%
May 13, 2022Steve PowersDeutsche Bank--15.77%-43.46%
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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


1M3M12M
# 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


DateCompanyPrevious RatingNew RatingRating Change
Oct 24, 2024William BlairOutperformInitialise
Oct 02, 2024Raymond JamesOutperformMarket PerformDowngrade
Oct 01, 2024RBC CapitalOutperformOutperformHold
Jun 18, 2024CIBCOutperformOutperformHold
May 20, 2024RBC CapitalOutperformOutperformHold
May 10, 2024Deutsche BankHoldHoldHold
Apr 03, 2024Raymond JamesOutperformDowngrade
May 13, 2022Deutsche BankHoldHoldHold
Feb 25, 2022CitigroupBuyBuyHold
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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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$504.94M$556.76M$519.17M$481.51M$465.67M$509.43M$487.84M$448.88M$571.20M$632.72M$606.94M$543.64M$553.43M$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$491.48M$541.92M$505.33M$458.71M$451.28M$495.85M$474.83M$436.92M$563.22M$624.68M$590.76M$529.15M$538.68M$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
# Analysts111111114322352212223333388877
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 $436.92M, and a high forecast of $448.88M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111114322352212223333388877
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$291.11M$316.33M$291.11M$266.50M$80.71M$88.99M$82.98M$76.96M$74.43M$81.42M$77.97M$101.23M$91.29M$101.13M$97.01M$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$283.35M$307.90M$283.35M$259.40M$78.55M$86.61M$80.77M$73.32M$72.13M$79.25M$75.89M$67.48M$90.02M$99.84M$94.42M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111114322352212223333388877
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$62.86M$77.74M$59.55M$43.01M$47.42M$62.31M$50.18M$52.65M$44.39M$49.49M$39.13M$-6.13M$30.29M$48.78M$33.60M$-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$60.69M$75.06M$57.50M$41.52M$45.78M$60.16M$48.45M$14.36M$38.60M$48.50M$38.99M$-9.19M$24.23M$39.03M$32.44M$-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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111114322352212223333388877
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$928.74M$1.01B$928.74M$850.24M$257.48M$283.90M$264.73M$245.53M$237.46M$259.77M$248.76M$381.72M$291.26M$322.64M$309.49M$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$903.98M$982.32M$903.98M$827.58M$250.62M$276.33M$257.68M$233.91M$230.12M$252.85M$242.13M$254.48M$287.20M$318.54M$301.24M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111114322352212223333388877
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$0.35$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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
KOFCoca-Cola FEMSA--69.31%Buy
KDPKeurig Dr Pepper--21.81%Buy
PEPPepsiCo--14.76%Buy
FIZZNational Beverage---5.30%Hold
CCEPCoca-Cola Europacific Partners---7.07%Buy
PRMWPrimo Water---7.77%Buy
COCOVita Coco Company---14.00%Buy
MNSTMonster Beverage---23.01%Buy

PRMW Forecast FAQ


Is Primo Water a good buy?

Yes, according to 6 Wall Street analysts, Primo Water (PRMW) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 66.67% of PRMW's total ratings.

What is PRMW's price target?

Primo Water (PRMW) average price target is $22.33 with a range of $16 to $30, implying a -21.10% from its last price of $28.3. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Primo Water stock go up soon?

According to Wall Street analysts' prediction for PRMW stock, the company can go down by -21.10% (from the last price of $28.3 to the average price target of $22.33), up by 6.01% based on the highest stock price target, and down by -43.46% based on the lowest stock price target.

Can Primo Water stock reach $40?

PRMW's average twelve months analyst stock price target of $22.33 does not support the claim that Primo Water can reach $40 in the near future.

What are Primo Water's analysts' financial forecasts?

Primo Water's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.03B (high $2.06B, low $2B), average EBITDA is $323.9M (high $329.63M, low $319.25M), average net income is $190.2M (high $212.55M, low $168.75M), average SG&A $1.03B (high $1.05B, low $1.02B), and average EPS is $1.17 (high $1.31, low $1.04). PRMW's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.18B (high $7.29B, low $7.09B), average EBITDA is $1.15B (high $1.17B, low $1.13B), average net income is $238.29M (high $243.16M, low $234.77M), average SG&A $3.66B (high $3.72B, low $3.62B), and average EPS is $1.47 (high $1.5, low $1.45).

Did the PRMW's actual financial results beat the analysts' financial forecasts?

Based on Primo Water's last annual report (Dec 2023), the company's revenue was $1.77B, which missed the average analysts forecast of $2.33B by -23.90%. Apple's EBITDA was $163.4M, missing the average prediction of $353.28M by -53.75%. The company's net income was $63.8M, missing the average estimation of $98.04M by -34.93%. Apple's SG&A was $976M, missing the average forecast of $1.17B by -16.28%. Lastly, the company's EPS was $0.0004, missing the average prediction of $0.727 by -99.95%. In terms of the last quarterly report (Dec 2023), Primo Water's revenue was $438.7M, missing the average analysts' forecast of $567.1M by -22.64%. The company's EBITDA was $40.8M, missing the average prediction of $90.64M by -54.99%. Primo Water's net income was $13.3M, missing the average estimation of $27.26M by -51.21%. The company's SG&A was $250M, missing the average forecast of $289.18M by -13.55%. Lastly, the company's EPS was $0.0001, missing the average prediction of $0.168 by -99.94%