In Friday’s Wall Street session, Primo Brands Corp (NYSE:PRMB) shares traded at $35.30, up 2.47% from the previous session.
PRMB stock price is now 7.43% away from the 50-day moving average and 31.57% away from the 200-day moving average. The market capitalization of the company currently stands at $13.42B.
With the price target of $40, BMO Capital Markets recently initiated with Outperform rating for Primo Brands Corp (NYSE: PRMB).
In other news, Lee Tony W, Director sold 51,750,000 shares of the company’s stock on Mar 12 ’25. The stock was sold for $1,526,625,000 at an average price of $29.50. Upon completion of the transaction, the Director now directly owns 166,868,368 shares in the company, valued at $5.89 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’25, 10% Owner ORCP III DE TopCo GP, LLC sold 51,750,000 shares of the business’s stock. A total of $1,526,625,000 was realized by selling the stock at an average price of $29.50. This leaves the insider owning 166,868,368 shares of the company worth $5.89 billion. A total of 44.34% of the company’s stock is owned by insiders.
During the past 12 months, Primo Brands Corp has had a low of $16.74 and a high of $35.25. As of last week, the company has a debt-to-equity ratio of 1.65, a current ratio of 1.08, and a quick ratio of 0.94. The fifty day moving average price for PRMB is $32.8592 and a two-hundred day moving average price translates $27.2016 for the stock.
The latest earnings results from Primo Brands Corp (NYSE: PRMB) was released for 2024-12-31. The net profit margin was -3.11% and return on equity was -3.43% for PRMB. The company reported revenue of $3.7 billion for the quarter, compared to $3.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.06 percent.
