Deutsche Bank Aktiengesellschaft began coverage on shares of Primo Brands (NYSE:PRMB – Free Report) in a research note issued to investors on Monday. The firm issued a buy rating and a $33.00 target price on the stock.
Primo Brands Stock Performance
Shares of NYSE PRMB opened at $28.32 on Monday. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 2.08 and a beta of 1.10. The company has a quick ratio of 2.07, a current ratio of 2.18 and a debt-to-equity ratio of 0.86. Primo Brands has a 12 month low of $24.41 and a 12 month high of $29.19.
Primo Brands Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Friday, November 22nd will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, November 22nd. Primo Brands’s payout ratio 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.
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