RBC Capital analyst Nik Modi maintained a Buy rating on Primo Water (NYSE:PRMW) on Tuesday, setting a price target of $17, which is approximately 33.65% above the present share price of $12.72.
Modi expects Primo Water to post earnings per share (EPS) of -$0.85 for the fourth quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Primo Water, with an average price target of $17.4.
The analysts price targets range from a high of $19 to a low of $17.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $456.8 million and a net profit of $8 million. The company's market cap is $2.04 billion.
According to TipRanks.com, RBC Capital analyst Nik Modi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 7.6% and a 64.26% 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.