BMO Capital Markets Initiates Coverage on Primo Brands (NYSE:PRMB)

Analysts at BMO Capital Markets initiated coverage on shares of Primo Brands (NYSE:PRMB) in a research report issued on Monday,Benzinga reports. The firm set an “outperform” rating and a $40.00 price target on the stock. BMO Capital Markets’ price objective indicates a potential upside of 28.74% from the stock’s current price.

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

Primo Brands Price Performance

Shares of NYSE PRMB opened at $31.07 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.18 and a quick ratio of 2.07. Primo Brands has a 1 year low of $14.06 and a 1 year high of $32.25. The firm has a market capitalization of $11.79 billion, a PE ratio of 19.30, a PEG ratio of 0.95 and a beta of 1.09.

Primo Brands Company Profile

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.