Primo Brands (NYSE:PRMB) Now Covered by BMO Capital Markets

BMO Capital Markets started coverage on shares of Primo Brands (NYSE:PRMB) in a report published on Monday, MarketBeat reports. The firm issued an outperform rating and a $40.00 price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft began coverage on Primo Brands in a research note on Monday, November 18th. They issued a “buy” rating and a $33.00 price objective for the company.

Primo Brands Trading Up 2.6 %

NYSE PRMB opened at $31.87 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.07 and a current ratio of 2.18. Primo Brands has a twelve month low of $14.06 and a twelve month high of $32.25. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 0.95 and a beta of 1.09.

Primo Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Friday, November 22nd were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, November 22nd. Primo Brands’s dividend payout ratio (DPR) is presently 22.36%.

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.