Perimeter Solutions, SA (NYSE:PRM) Stock Rated “Hold” by Sell-Side Brokerages

Shares of Perimeter Solutions, SA (NYSE:PRM) have received an average recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $41.50.

Several analysts have weighed in on the company. Weiss Ratings downgraded Perimeter Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, September 28th. Wall Street Zen lowered Perimeter Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. UBS Group decreased their price target on Perimeter Solutions from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. Zacks Research cut Perimeter Solutions from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. lowered their price target on Perimeter Solutions from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday.

Institutional Trading of Perimeter Solutions

Several institutional investors have recently modified their holdings of the company. Enclave Advisors LLC boosted its position in shares of Perimeter Solutions by 31.9% during the 3rd quarter. Enclave Advisors LLC now owns 29,582 shares of the company’s stock valued at $779,000 after purchasing an additional 7,151 shares in the last quarter. Contravisory Investment Management Inc. grew its stake in shares of Perimeter Solutions by 9.0% in the 3rd quarter. Contravisory Investment Management Inc. now owns 15,927 shares of the company’s stock worth $419,000 after purchasing an additional 1,311 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Perimeter Solutions by 27.1% in the 3rd quarter. GAMMA Investing LLC now owns 6,516 shares of the company’s stock worth $172,000 after purchasing an additional 1,389 shares during the last quarter. Argent Capital Management LLC grew its stake in shares of Perimeter Solutions by 4.0% in the 3rd quarter. Argent Capital Management LLC now owns 31,426 shares of the company’s stock worth $827,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Perimeter Solutions in the 2nd quarter worth approximately $293,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Perimeter Solutions Trading Down 3.0%

Perimeter Solutions stock opened at $26.49 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average price of $30.34 and a two-hundred day moving average price of $31.39. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of -11.88 and a beta of 1.92. Perimeter Solutions has a 52-week low of $19.70 and a 52-week high of $38.17.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings results on Friday, July 31st. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Perimeter Solutions had a negative net margin of 44.86% and a positive return on equity of 19.15%. The business had revenue of $213.81 million for the quarter, compared to the consensus estimate of $216.89 million. Sell-side analysts expect that Perimeter Solutions will post 1.57 earnings per share for the current year.

About Perimeter Solutions

Perimeter Solutions, Inc (NYSE: PRM) is a global manufacturer of fire safety products and specialty chemicals. The company serves government agencies, industrial customers and other commercial markets through two primary business areas: fire safety and specialty chemicals.

Its fire safety portfolio includes PHOS-CHEK wildland fire retardants and fire suppression products, as well as SOLBERG firefighting foams used in applications such as airports, industrial facilities, marine operations and other high-risk environments.