Primo Brands (NYSE:PRMB) Price Target Raised to $35.00

Primo Brands (NYSE:PRMB) had its target price boosted by TD from $29.00 to $35.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 44.39% from the stock’s current price.

Several other brokerages have also issued reports on PRMB. Weiss Ratings upgraded Primo Brands from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Barclays raised their price target on shares of Primo Brands from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Wall Street Zen raised shares of Primo Brands from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. JPMorgan Chase & Co. boosted their price objective on Primo Brands from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $25.00 price objective on shares of Primo Brands in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.58.

Primo Brands Stock Performance

Shares of NYSE:PRMB traded down $1.08 on Thursday, reaching $24.24. 10,252,783 shares of the company’s stock were exchanged, compared to its average volume of 4,626,912. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 173.21, a PEG ratio of 1.97 and a beta of 0.74. Primo Brands has a twelve month low of $14.36 and a twelve month high of $26.21. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 1.72. The company has a fifty day moving average of $24.01 and a 200-day moving average of $21.59.

Primo Brands (NYSE:PRMB) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. Primo Brands had a return on equity of 13.98% and a net margin of 0.88%.The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm earned $0.36 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, research analysts predict that Primo Brands will post 1.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new position in Primo Brands in the first quarter valued at approximately $229,000. Caxton Associates LLP purchased a new position in Primo Brands in the 1st quarter valued at approximately $266,000. American Century Companies Inc. lifted its position in shares of Primo Brands by 9.3% during the second quarter. American Century Companies Inc. now owns 27,226 shares of the company’s stock worth $806,000 after acquiring an additional 2,318 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Primo Brands by 797.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 54,589 shares of the company’s stock worth $1,617,000 after acquiring an additional 48,509 shares during the period. Finally, Invesco Ltd. grew its position in shares of Primo Brands by 29.1% in the second quarter. Invesco Ltd. now owns 301,535 shares of the company’s stock valued at $8,931,000 after purchasing an additional 67,930 shares in the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

More Primo Brands News

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

• Positive Sentiment: Second-quarter earnings beat expectations. Primo Brands reported adjusted earnings of $0.37 per share, above the $0.32 consensus estimate, while revenue reached $1.80 billion versus expectations of $1.77 billion. Revenue increased 3.8% year over year. Primo Brands Reports 2026 Second Quarter Results
• Positive Sentiment: Management raised its 2026 sales-growth outlook. Comparable net sales growth is now expected at 2% to 4%, up from the previous 1% to 3% range. Adjusted EBITDA rose 5% to $385 million, with the margin improving to 21.4%, while strength in premium brands and regional spring water supported confidence in continued growth. Primo Brands Beats Q2 Earnings Estimates, Raises 2026 Sales Outlook
• Neutral Sentiment: Industry trends remain broadly supportive. A sector-focused report identified soft-drink companies, including Primo Brands, as potential beneficiaries of health-focused innovation and changing consumer preferences. However, the article provided limited company-specific information. 5 Soft Drink Stocks Poised for Growth Amid Health-Focused Innovation
• Negative Sentiment: A large secondary offering may pressure shares. An affiliate of One Rock Capital Partners plans to sell 20 million Class A shares. Because the transaction involves existing shares rather than newly issued stock, it should not directly dilute Primo Brands’ ownership base, but the additional supply and potential investor concerns about insider monetization can weigh on the stock in the near term. Primo Brands Announces Secondary Offering

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.