Primo Brands (NYSE:PRMB) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Primo Brands (NYSE:PRMB) in a research note published on Monday. The brokerage issued a buy rating and a $33.00 target price on the stock.

Primo Brands Price Performance

Shares of PRMB opened at $28.29 on Monday. The company has a quick ratio of 2.07, a current ratio of 2.18 and a debt-to-equity ratio of 0.86. Primo Brands has a 12-month low of $24.41 and a 12-month high of $29.19. The stock has a market capitalization of $4.54 billion, a P/E ratio of 17.52, a PEG ratio of 2.10 and a beta of 1.10.

Primo Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, November 22nd. Primo Brands’s dividend payout ratio (DPR) is presently 22.36%.

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.