TD Securities Raises Primo Brands (NYSE:PRMB) Price Target to $29.00

Primo Brands (NYSE:PRMB) had its target price boosted by TD Securities from $27.00 to $29.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 27.93% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Primo Brands in a research report on Monday, December 29th. The Goldman Sachs Group lowered their target price on shares of Primo Brands from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, November 25th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $35.00 price target on shares of Primo Brands in a report on Friday, January 23rd. Barclays decreased their price objective on Primo Brands from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, Zacks Research lowered Primo Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Nine analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

Primo Brands Price Performance

Shares of NYSE PRMB opened at $22.67 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 1.59. The stock has a fifty day simple moving average of $18.38 and a two-hundred day simple moving average of $19.87. Primo Brands has a 1-year low of $14.36 and a 1-year high of $35.85. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 151.12, a price-to-earnings-growth ratio of 0.82 and a beta of 0.63.

Primo Brands (NYSE:PRMB) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. Primo Brands had a return on equity of 14.24% and a net margin of 0.90%.The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the company earned $0.13 EPS. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. Analysts anticipate that Primo Brands will post 1.13 earnings per share for the current year.

Primo Brands announced that its Board of Directors has authorized a share repurchase plan on Monday, November 10th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Primo Brands

Institutional investors have recently made changes to their positions in the stock. iA Global Asset Management Inc. boosted its holdings in shares of Primo Brands by 102.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 346,570 shares of the company’s stock worth $7,659,000 after purchasing an additional 175,620 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Primo Brands in the 2nd quarter worth approximately $3,255,000. KBC Group NV lifted its position in Primo Brands by 0.7% in the 2nd quarter. KBC Group NV now owns 2,066,527 shares of the company’s stock worth $61,211,000 after buying an additional 15,299 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Primo Brands by 249.0% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 77,792 shares of the company’s stock worth $1,719,000 after buying an additional 55,505 shares in the last quarter. Finally, Ceredex Value Advisors LLC bought a new position in Primo Brands during the second quarter valued at approximately $41,154,000. Institutional investors own 87.71% of the company’s stock.

More Primo Brands News

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

• Positive Sentiment: Q4 results beat expectations — Primo reported $0.26 EPS and $1.55B revenue (up ~11.2% YoY), topping consensus and signaling a turnaround that underpins the rally. Primo Brands Reports 2025 Fourth Quarter and Full Year Results
• Positive Sentiment: Market reaction: multiple outlets report a double‑digit intraday jump as the market priced in the swing to profits and improving top‑line momentum. Primo Brands (PRMB) Rockets 15% on Swing to Profits
• Positive Sentiment: Analyst upgrade: TD Securities raised its price target to $29 and reiterated a “buy” rating, citing the upside from current levels — this provides additional analyst support for further gains. BayStreet.CA
• Neutral Sentiment: Earnings call transcripts and coverage are live — Seeking Alpha/Yahoo transcripts provide management commentary and investor Q&A that will determine how durable the turnaround looks. Investors should read the call for margin drivers and outlook. Primo Brands Q4 2025 Earnings Call Transcript (Seeking Alpha)
• Neutral Sentiment: Valuation note: pieces analyzing valuation after the move highlight that momentum has pushed shares higher and investors should reassess multiples versus the company’s recovery assumptions. A Look At Primo Brands (PRMB) Valuation After Recent Share Price Momentum
• Negative Sentiment: Conflicting reports: at least one transcript source reported the quarter as a miss (negative EPS figure), creating short‑term noise and potential confusion for investors and traders. This can increase intraday volatility until reconciled. Primo Brands Q4 2025 Earnings Call Transcript (InsiderMonkey)
• Negative Sentiment: Structural risks remain — the company still shows a negative trailing net margin and carries leverage (debt/equity ~1.59); sustaining margin improvement and converting revenue growth to consistent net profit is key to maintaining the move. No link

About Primo Brands

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.