The stock of Primo Brands Corp (NYSE:PRMB) last traded at $31.32, up 3.30% from the previous session.
PRMB stock price is now -3.52% away from the 50-day moving average and 19.64% away from the 200-day moving average. The market capitalization of the company currently stands at $11.91B.
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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 $5.23 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 $5.23 billion. A total of 57.96% of the company’s stock is owned by insiders.
During the past 12 months, Primo Brands Corp has had a low of $15.99 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 $32.4634 and a two-hundred day moving average price translates $26.5919 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. For the current quarter, analysts expect PRMB to generate $1.64B in revenue.
