Primo Brands (NYSE:PRMB) Coverage Initiated at BMO Capital Markets

Equities research analysts at BMO Capital Markets started coverage on shares of Primo Brands (NYSE:PRMB) in a report issued on Monday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $40.00 price target on the stock. BMO Capital Markets’ price target suggests a potential upside of 25.94% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft began coverage on Primo Brands in a report on Monday, November 18th. They issued a “buy” rating and a $33.00 target price on the stock.

Primo Brands Trading Down 0.3 %

PRMB opened at $31.76 on Monday. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 0.95 and a beta of 1.09. Primo Brands has a 1-year low of $14.06 and a 1-year high of $32.40. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.07 and a current ratio of 2.18.

Institutional Trading of Primo Brands

An institutional investor recently bought a new position in Primo Brands stock. Rise Advisors LLC purchased a new stake in shares of Primo Brands Co. (NYSE:PRMB) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 915 shares of the company’s stock, valued at approximately $28,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

About Primo Brands

Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo’s revenue model is its industry leading line-up of sleek and innovative water dispensers, which are sold through major retailers and online at various price points or leased to customers.