Primo Water downgraded by Raymond James with a new price target
$PRMW
Beverages (Production/Distribution)
Consumer Staples
Raymond James downgraded Primo Water from Strong Buy to Outperform and set a new price target of $21.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2024 | Outperform | William Blair | |
| 10/2/2024 | Outperform → Mkt Perform | Raymond James | |
| 4/3/2024 | $21.00 | Strong Buy → Outperform | Raymond James |
| 2/24/2023 | Sector Outperform → Neutral | CIBC | |
| 2/25/2022 | $21.00 → $18.00 | Buy | Citigroup |
| 11/5/2021 | $20.00 → $21.00 | Outperform | RBC Capital |
| 8/6/2021 | $19.00 → $20.00 | Outperform | RBC Capital |
4 - Primo Water Corp /CN/ (0000884713) (Issuer)
4 - Primo Water Corp /CN/ (0000884713) (Issuer)
4 - Primo Water Corp /CN/ (0000884713) (Issuer)
Company will trade on the NYSE under the symbol "PRMB" on November 11, 2024 Declares Quarterly Dividend TAMPA, Fla. and STAMFORD, Conn., Nov. 8, 2024 /PRNewswire/ - Primo Brands Corporation (NYSE:PRMB) ("Primo Brands" or the "Company") today announced the successful completion of the merger (the "Transaction") of Primo Water Corporation ("Primo Water") and an affiliate of BlueTriton Brands, Inc. ("BlueTriton"), creating Primo Brands, a leading branded beverage company in North America with a focus on healthy hydration. "I am honored to lead our combined company and our team of world-class associates," said Robbert Rietbroek, Chief Executive Officer of Primo Bran
Revenue of $511 million, increased 8.8%, including 7.4% contribution from organic growth Gross margin of 64.7%, increased 20 bps, and net income increased to $38 million Adjusted EBITDA of $125 million, increased 11.4%, and Adjusted EBITDA margin of 24.4%, increased 60 bpsExpected to begin trading on November 11th as Primo Brands (NYSE:PRMB)TAMPA, FL, Nov. 7, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today announced its results for the third quarter ended September 28, 2024.
TORONTO, Nov. 6, 2024 /CNW/ - BlueTriton Brands, Inc. and Primo Water Corp (TSX:PRMW) (NYSE:PRMW) are combining in a merger of equals under a new brand with a name Primo Brands Corp (NYSE:PRMB). Current PRMW shareholders will receive 1 new share of PRMB for every share held. The transaction is expected to close November 11. SPDJI considers the new Primo Brands to be US domiciled. Primo Water Corp shares are expected to be delisted shortly after closing of the transaction. As a result, Primo Water Corp shares will be removed from the S&P/TSX Composite Index prior to the open of trading on Monday, November 11, 2024. For more information about S&P Dow Jones Indices, please visit www.spdji.com
TAMPA, Fla., Nov. 15, 2023 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions direct to consumers in North America and Europe, today announced that Primo Water's Board of Directors has appointed Robbert Rietbroek as Chief Executive Officer and to the Board of Directors, effective January 1, 2024. The appointment concludes a comprehensive CEO search process, launched by the Board following Tom Harrington's decision to retire, with the mandate to appoint a highly capable leader with extensive product innovation, operational and transformational experience, capable of further driving growth
Tom Harrington Intends to Retire as Primo Water CEO Will Continue to Serve as CEO Until a Successor is Appointed Board Commences Search to Identify Company's Next CEO TAMPA, Fla., May 31, 2023 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that Tom Harrington, Chief Executive Officer ("CEO") and a member of the Company's Board of Directors ("the Board") since January 2019, has informed the Board that he intends to retire as th
Brings Broad-Based Leadership and Experience Running Global, Scale Beverage and Route-Based Businesses TAMPA, Fla., March 16, 2023 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that Eric J. Foss has been appointed to Primo Water's Board of Directors (the "Board"), effective immediately. Mr. Foss's appointment is part of the Board's ongoing refreshment process and follows a thorough search and selection initiative led by the Board's ESG and Nominating Committee with the assistance of a nationally recognized executive search firm.
William Blair initiated coverage of Primo Water with a rating of Outperform
Raymond James downgraded Primo Water from Outperform to Mkt Perform
Raymond James downgraded Primo Water from Strong Buy to Outperform and set a new price target of $21.00
10-Q - Primo Water Corp /CN/ (0000884713) (Filer)
8-K - Primo Water Corp /CN/ (0000884713) (Filer)
8-K - Primo Water Corp /CN/ (0000884713) (Filer)
Company will trade on the NYSE under the symbol "PRMB" on November 11, 2024 Declares Quarterly Dividend TAMPA, Fla. and STAMFORD, Conn., Nov. 8, 2024 /PRNewswire/ - Primo Brands Corporation (NYSE:PRMB) ("Primo Brands" or the "Company") today announced the successful completion of the merger (the "Transaction") of Primo Water Corporation ("Primo Water") and an affiliate of BlueTriton Brands, Inc. ("BlueTriton"), creating Primo Brands, a leading branded beverage company in North America with a focus on healthy hydration. "I am honored to lead our combined company and our team of world-class associates," said Robbert Rietbroek, Chief Executive Officer of Primo Bran
Revenue of $511 million, increased 8.8%, including 7.4% contribution from organic growth Gross margin of 64.7%, increased 20 bps, and net income increased to $38 million Adjusted EBITDA of $125 million, increased 11.4%, and Adjusted EBITDA margin of 24.4%, increased 60 bpsExpected to begin trading on November 11th as Primo Brands (NYSE:PRMB)TAMPA, FL, Nov. 7, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today announced its results for the third quarter ended September 28, 2024.
TAMPA, Fla. and STAMFORD, Conn., Oct. 21, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) ("Primo Water" or the "Company") today announced the date for its third quarter 2024 earnings release, as well as details related to the Special Meeting of Shareowners in connection with the previously announced proposed business combination in an all-stock transaction (the "Transaction") between Primo Water and BlueTriton Brands, Inc. ("BlueTriton"). Earnings Conference Call:The Company will release its third quarter ended September 28, 2024 financial results before th
CIBC maintains Primo Water (NYSE:PRMW) with a Outperformer and raises the price target from $24 to $26.
JP Morgan analyst Andrea Teixeira maintains Primo Water (NYSE:PRMW) with a Overweight and raises the price target from $24 to $26.
RBC Capital analyst Nik Modi reiterates Primo Water (NYSE:PRMW) with a Outperform and maintains $30 price target.
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4 - Primo Water Corp /CN/ (0000884713) (Issuer)