Canaccord Genuity analyst Derek Dley maintained a Buy rating on Primo Water (NYSE:PRMW) on Tuesday, setting a price target of $20, which is approximately 16.82% above the present share price of $17.12.
Dley expects Primo Water to post earnings per share (EPS) of $0.14 for the first quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Primo Water, with an average price target of $20.
The analysts price targets range from a high of $23 to a low of $18.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $517.5 million and a net profit of $46.9 million. The company's market cap is $2.74 billion.
According to TipRanks.com, Canaccord Genuity analyst Derek Dley is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.7% and a 60.59% success rate.
Primo Water Corp . engages in the manufacture, process, and distribution of beverages. It operates through the following business segments: Route Based Services; Coffee, Tea, and Extract Solutions; and All Other. The Route Based Services segment includes Aquaterra and Eden businesses. The Coffee, Tea, and Extract Solutions segment relates to the S&D business. The All Other segment manufactures, repacks, and markets carbonated soft drinks in Europe. The All Other segment focuses on Aimia, Decantae, and RCI concentrate businesses, Columbus, Georgia manufacturing facility, and other miscellaneous expenses. The company was founded in 1955 and is headquartered in Mississauga, Canada.