Primo Water stock hits 52-week low at 21.6 USD

Published 02/10/2025, 14:44
Primo Water stock hits 52-week low at 21.6 USD

Primo Water Corp has reached a new 52-week low, with its stock price dipping to $21.63. While the stock has declined 28.05% year-to-date, InvestingPro analysis suggests the company is currently undervalued. This comes despite impressive revenue growth of 26.26% in the last twelve months. The decline reflects broader challenges within the water services industry, as well as specific factors impacting Primo Water’s market performance. However, InvestingPro data reveals several positive indicators, including expected sales growth and projected profitability for the current year. Investors will be closely monitoring the company’s strategic responses to these challenges as they seek to navigate through this period of financial pressure. For detailed insights and additional ProTips, access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Primo Brands Corporation reported its Q2 2025 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $0.36, compared to the projected $0.26, marking a 38.46% surprise. The company’s revenue also surpassed forecasts, reaching $1.73 billion against an expected $502.1 million, a substantial 244.55% surprise. Despite these positive results, the company’s stock experienced a decline. BMO Capital has lowered its price target for Primo Brands to $42.00 from $45.00, citing integration challenges and other operational issues. Meanwhile, TD Cowen has reiterated its Buy rating with a $35.00 price target, emphasizing the company’s potential for generating free cash flow. Goldman Sachs initiated coverage of Primo Brands with a Neutral rating and a $25.00 price target, recognizing its significant presence in the bottled water market. These developments reflect a mixed outlook for the company amid ongoing integration and operational challenges.

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