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

Key Points

• Perimeter Solutions has a consensus “Hold” rating among six analysts, with two sells and four buys. The average 12-month price target is $42.75, although UBS and JPMorgan recently reduced their targets.
• PRM shares opened at $27.74, below their 50-day and 200-day moving averages. The company’s latest quarterly earnings of $0.35 per share missed the $0.43 consensus estimate, while revenue also came in slightly below expectations.
• Institutional investors own approximately 89.93% of the stock, with several major investment firms recently increasing their positions.

Perimeter Solutions, SA (NYSE:PRM - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $42.75.

A number of equities analysts have recently commented on PRM shares. Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. UBS Group decreased their price objective on Perimeter Solutions from $42.00 to $38.00 and set a "buy" rating for the company in a report on Tuesday, September 29th. Weiss Ratings downgraded Perimeter Solutions from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday, September 28th. JPMorgan Chase & Co. lowered their target price on Perimeter Solutions from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, August 3rd. Finally, Zacks Research lowered Perimeter Solutions from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th.

Perimeter Solutions Stock Performance

Shares of PRM opened at $27.74 on Monday. Perimeter Solutions has a 12 month low of $19.70 and a 12 month high of $38.17. The firm has a fifty day simple moving average of $31.04 and a 200 day simple moving average of $31.27. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of -12.44 and a beta of 1.92. The company has a current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 1.19.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $216.89 million. Research analysts forecast that Perimeter Solutions will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in shares of Perimeter Solutions by 15.0% in the first quarter. Principal Financial Group Inc. now owns 12,513,159 shares of the company's stock valued at $305,572,000 after buying an additional 1,634,158 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Perimeter Solutions by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,763,465 shares of the company's stock worth $116,286,000 after buying an additional 27,643 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Perimeter Solutions by 8.6% during the first quarter. Janus Henderson Group PLC now owns 4,007,536 shares of the company's stock worth $97,863,000 after buying an additional 315,763 shares during the last quarter. Senator Investment Group LP increased its holdings in Perimeter Solutions by 11.8% during the fourth quarter. Senator Investment Group LP now owns 2,348,000 shares of the company's stock worth $64,640,000 after buying an additional 248,000 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Perimeter Solutions by 4.8% during the first quarter. Bank of America Corp DE now owns 1,738,095 shares of the company's stock worth $42,444,000 after acquiring an additional 79,083 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company's stock.

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.

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