In Wednesday’s Wall Street session, Primo Brands Corp (NYSE:PRMB) shares traded at $30.1, up 1.83% from the previous session.
PRMB stock price is now -4.06% away from the 50-day moving average and -0.78% away from the 200-day moving average. The market capitalization of the company currently stands at $11.33B.
With the price target of $38, Morgan Stanley recently initiated with Overweight rating for Primo Brands Corp (NYSE: PRMB). On June 04, 2025, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $40, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Lee Tony W, Director sold 50,657,562 shares of the company’s stock on May 12 ’25. The stock was sold for $1,604,324,989 at an average price of $31.67. Upon completion of the transaction, the Director now directly owns 116,210,806 shares in the company, valued at $3.5 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12 ’25, 10% Owner ORCP III DE TopCo GP, LLC sold 50,657,562 shares of the business’s stock. A total of $1,604,324,989 was realized by selling the stock at an average price of $31.67. This leaves the insider owning 116,210,806 shares of the company worth $3.5 billion. A total of 32.00% of the company’s stock is owned by insiders.
During the past 12 months, Primo Brands Corp has had a low of $19.53 and a high of $35.85. As of last week, the company has a debt-to-equity ratio of 1.71, a current ratio of 1.07, and a quick ratio of 0.87. The fifty day moving average price for PRMB is $31.3746 and a two-hundred day moving average price translates $30.4858 for the stock.
The latest earnings results from Primo Brands Corp (NYSE: PRMB) was released for 2025-03-31. The net profit margin was -2.11% and return on equity was -2.83% for PRMB. The company reported revenue of $1.61 billion for the quarter, compared to $1.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.08 percent.
