Primo Brands (NYSE:PRMB) Stock Price Expected to Rise, TD Analyst Says

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

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada set a $28.00 target price on Primo Brands in a research report on Thursday, April 9th. JPMorgan Chase & Co. boosted their price objective on shares of Primo Brands from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. TD Cowen reaffirmed a “buy” rating on shares of Primo Brands in a research report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $25.00 price target on shares of Primo Brands in a research report on Thursday. Finally, Barclays raised their price objective on Primo Brands from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.58.

Primo Brands Stock Down 4.3%

Shares of NYSE:PRMB traded down $1.08 during midday trading on Thursday, reaching $24.24. 10,252,783 shares of the company were exchanged, compared to its average volume of 4,626,912. The firm has a market cap of $8.80 billion, a PE ratio of 173.21, a P/E/G ratio of 1.97 and a beta of 0.74. Primo Brands has a fifty-two week low of $14.36 and a fifty-two week high of $26.21. The stock has a fifty day simple moving average of $24.01 and a two-hundred day simple moving average of $21.59. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.72.

Primo Brands (NYSE:PRMB) last announced its earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. Primo Brands had a net margin of 0.88% and a return on equity of 13.98%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 EPS. As a group, sell-side analysts forecast that Primo Brands will post 1.25 earnings per share for the current year.

Institutional Investors Weigh In On Primo Brands

A number of large investors have recently added to or reduced their stakes in PRMB. Dynamic Technology Lab Private Ltd acquired a new position in shares of Primo Brands in the first quarter valued at $229,000. Caxton Associates LLP acquired a new stake in Primo Brands during the first quarter worth approximately $266,000. American Century Companies Inc. lifted its position in 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its position 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 valued at $1,617,000 after purchasing an additional 48,509 shares during the last quarter. 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 during the last quarter. 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: 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.