- The stock price of Primo Water (PRMW) increased by 3.47% in the most recent trading session. This is why.
The stock price of Primo Water (PRMW) increased by 3.47% in the most recent trading session.
Why: Research report
Details: Raymond James analysts added the stock to their Favorites lists with Strong Buy ratings. And the analysts pointed out that CubeSmart has near-term upside potential.
The analysts noted Primo’s multi-pronged sales strategy enables consumers and businesses to get high-quality drinking water at a lower price point than single-use plastic bottles along with avoiding the associated waste.
Plus, the recurring revenue model is bolstered by tuck-in M&A that provides incremental uplift to estimates. And from an ESG perspective, the analysts explained that Primo stands out for having already achieved carbon-neutral status.