Perimeter Solutions, SA (PRM) – What Are Researchers Saying About This Stock?

Perimeter Solutions, SA (NYSE:PRM) has received an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $41.50.

A number of research firms have recently weighed in on PRM. Zacks Research raised shares of Perimeter Solutions from a “strong sell” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Perimeter Solutions from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Wall Street Zen downgraded Perimeter Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings cut Perimeter Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, September 28th. Finally, UBS Group reduced their price target on Perimeter Solutions from $42.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, September 29th.

Institutional Trading of Perimeter Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new stake in shares of Perimeter Solutions during the second quarter valued at $26,000. EverSource Wealth Advisors LLC grew its stake in shares of Perimeter Solutions by 20.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,295 shares of the company’s stock worth $56,000 after acquiring an additional 383 shares during the period. Nykredit A S purchased a new position in shares of Perimeter Solutions during the second quarter valued at approximately $99,000. Rockefeller Capital Management L.P. lifted its position in Perimeter Solutions by 56.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,918 shares of the company’s stock valued at $80,000 after purchasing an additional 1,051 shares during the period. Finally, Ancora Advisors LLC purchased a new stake in Perimeter Solutions in the second quarter worth approximately $114,000. 89.93% of the stock is currently owned by institutional investors.

Perimeter Solutions Stock Performance

Perimeter Solutions stock opened at $26.49 on Monday. Perimeter Solutions has a fifty-two week low of $19.70 and a fifty-two week high of $38.17. The stock’s 50 day simple moving average is $30.34 and its two-hundred day simple moving average is $31.46. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.93 and a current ratio of 1.57. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of -11.88 and a beta of 1.92.

Perimeter Solutions (NYSE:PRM) last released its earnings results on Friday, July 31st. The company reported $0.35 EPS 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 firm had revenue of $213.81 million during the quarter, compared to analysts’ expectations of $216.89 million. As a group, analysts expect that Perimeter Solutions will post 1.57 earnings per share for the current fiscal year.

Perimeter Solutions Company Profile

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.