Primo Brands (NYSE:PRMB) Price Target Raised to $29.00

Primo Brands (NYSE:PRMB) had its price objective hoisted by equities research analysts at TD Securities from $27.00 to $29.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 28.63% from the company’s current price.

A number of other research firms have also recently weighed in on PRMB. Barclays lowered their price target on Primo Brands from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Zacks Research cut shares of Primo Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. lowered their target price on shares of Primo Brands from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, December 18th. The Goldman Sachs Group dropped their price target on shares of Primo Brands from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Finally, Morgan Stanley restated an “overweight” rating on shares of Primo Brands in a report on Monday, January 5th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

Primo Brands Trading Down 0.5%

Shares of NYSE PRMB traded down $0.11 during midday trading on Friday, reaching $22.55. 2,926,058 shares of the stock were exchanged, compared to its average volume of 6,479,347. The stock has a market capitalization of $8.35 billion, a P/E ratio of -72.88, a PEG ratio of 0.71 and a beta of 0.63. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.86 and a current ratio of 1.02. The company has a 50 day simple moving average of $18.25 and a 200 day simple moving average of $19.90. Primo Brands has a twelve month low of $14.36 and a twelve month high of $35.85.

Primo Brands (NYSE:PRMB) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Primo Brands had a positive return on equity of 12.52% and a negative net margin of 1.30%.The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. As a group, equities analysts expect that Primo Brands will post 1.13 earnings per share for the current year.

Primo Brands declared that its board has approved a stock buyback program on Monday, November 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Primo Brands

Several hedge funds have recently modified their holdings of PRMB. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Primo Brands in the second quarter valued at $26,000. Caption Management LLC acquired a new stake in Primo Brands in the 3rd quarter valued at about $27,000. LRI Investments LLC boosted its stake in shares of Primo Brands by 203.1% in the 4th quarter. LRI Investments LLC now owns 1,949 shares of the company’s stock valued at $32,000 after buying an additional 1,306 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Primo Brands by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,091 shares of the company’s stock valued at $62,000 after buying an additional 1,058 shares during the period. Finally, Byrne Asset Management LLC acquired a new position in shares of Primo Brands during the third quarter worth about $47,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Key Primo Brands News

Here are the key news stories impacting Primo Brands this week:

• Positive Sentiment: Q4 results beat consensus — Primo reported revenue of roughly $1.55B (up ~11% y/y) and an EPS figure the company and several outlets presented as a beat versus estimates, which investors interpreted as a swing to profit and helped drive buying interest. Primo Brands Reports 2025 Fourth Quarter and Full Year Results
• Positive Sentiment: Market reaction — multiple market writeups note a sharp rally (around the mid-teens percent intraday) after the results were released as traders priced in a turnaround. Primo Brands (PRMB) Rockets 15% on Swing to Profits
• Positive Sentiment: Analyst/coverage tone turned constructive — coverage highlights signs of a turnaround and renewed investor interest, prompting re‑rating/valuation discussions after the share-price momentum. Primo Brands rallies after Q4 results show signs of a turnaround
• Neutral Sentiment: Earnings call and transcripts published — full Q4 call transcripts are available for investors to review tone, detail on margins, and management commentary. These provide context but do not change the headline beat by themselves. Primo Brands Corporation (PRMB) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Conflicting EPS presentations — some published transcripts/reporting show a small GAAP loss (one outlet cites ~‑$0.03 EPS) versus the positive adjusted/earnings-per-share figures that others reported; this discrepancy could create short‑term uncertainty until reconciliations are clarified. Primo Brands Corporation (NYSE:PRMB) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Underlying metrics remain mixed — commentary and data noted by analysts show still‑thin margins and leverage levels that investors should watch; a durable recovery depends on sustained margin improvement and debt management. Why Primo Brands Corporation’s (PRMB) Stock Is Up 15.94%

Primo Brands Company Profile

Primo Brands (NYSE: PRMB) is a consumer packaged beverage company that was established as an independent entity following a corporate spin‐off in 2023. The company specializes in the production, marketing and distribution of a broad portfolio of bottled water products, including purified, mineral and sparkling varieties. Through its focus on quality control and innovation, Primo Brands aims to deliver clean, great-tasting water in formats tailored to both at-home consumption and on-the-go lifestyles.

Its product range spans multi-serve and single-serve bottles, aluminum cans and other eco-friendly packaging solutions.