Why The Primo Water Stock Increased 3.47% (PRMW)

By Amit Chowdhry ● Jan 25, 2023
  • 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.