News stories about Primo Water (NASDAQ:PRMW) have trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Primo Water earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.6519288530933 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Primo Water (PRMW) Cut to Sell at BidaskClub (americanbankingnews.com)
- Primo Water Co. (PRMW) Expected to Announce Quarterly Sales of $67.19 Million (americanbankingnews.com)
- Edited Transcript of PRMW earnings conference call or presentation 6-Mar-18 9:30pm GMT (finance.yahoo.com)
- -$0.06 Earnings Per Share Expected for Primo Water Co. (PRMW) This Quarter (americanbankingnews.com)
- Primo Water Corporation (PRMW) -Importance of Lower Price to Sales Ratio (P/S) – Nasdaq Fortune (press release) (nasdaqfortune.com)
Several brokerages recently commented on PRMW. BidaskClub lowered shares of Primo Water from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. ValuEngine upgraded shares of Primo Water from a “sell” rating to a “hold” rating in a research note on Friday, March 2nd. Zacks Investment Research downgraded shares of Primo Water from a “hold” rating to a “sell” rating in a research note on Friday, March 9th. Finally, B. Riley set a $18.00 price objective on shares of Primo Water and gave the company a “buy” rating in a research note on Monday, March 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Primo Water currently has an average rating of “Hold” and a consensus price target of $16.50.
In related news, Director David L. Warnock sold 33,226 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $12.37, for a total transaction of $411,005.62. Following the transaction, the director now owns 25,157 shares of the company’s stock, valued at $311,192.09. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Camden Partners Strategic Fund sold 58,383 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $12.35, for a total transaction of $721,030.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,526 shares of company stock valued at $1,155,653. 15.80% of the stock is currently owned by corporate insiders.
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About Primo Water
Primo Water Corporation (Primo) provides multi-gallon purified bottled water, self-service refill water and water dispensers. The Company’s products are sold through various retailers in the United States and Canada. It operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).
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