Deutsche Bank Aktiengesellschaft Begins Coverage on Primo Brands (NYSE:PRMB)

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Primo Brands (NYSE:PRMB) in a note issued to investors on Monday. The firm set a “buy” rating and a $33.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 16.50% from the stock’s previous close.

Primo Brands Stock Performance

Primo Brands stock opened at $28.33 on Monday. Primo Brands has a 1 year low of $24.41 and a 1 year high of $29.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.07 and a current ratio of 2.18. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10.

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.