Perimeter Solutions, SA (NYSE:PRM) Stock Has Average Price Target of $41.50 According to Analysts

Shares of Perimeter Solutions, SA (NYSE:PRM) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $41.50.

Several equities research analysts have issued reports on the stock. UBS Group decreased their price objective on shares of Perimeter Solutions from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. Weiss Ratings raised shares of Perimeter Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, October 19th. JPMorgan Chase & Co. cut their target price on shares of Perimeter Solutions from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Finally, Zacks Research upgraded shares of Perimeter Solutions from a “strong sell” rating to a “hold” rating in a report on Thursday, October 15th.

Institutional Investors Weigh In On Perimeter Solutions

A number of large investors have recently modified their holdings of PRM. Gabelli Funds LLC bought a new stake in shares of Perimeter Solutions during the 3rd quarter valued at about $342,000. First Trust Advisors LP raised its stake in Perimeter Solutions by 23.4% during the third quarter. First Trust Advisors LP now owns 346,185 shares of the company’s stock worth $9,112,000 after acquiring an additional 65,746 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in Perimeter Solutions by 11.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 73,601 shares of the company’s stock worth $1,937,000 after acquiring an additional 7,714 shares during the period. Morse Asset Management Inc lifted its holdings in Perimeter Solutions by 34.5% in the third quarter. Morse Asset Management Inc now owns 108,813 shares of the company’s stock worth $2,864,000 after acquiring an additional 27,931 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Perimeter Solutions by 109.9% in the third quarter. Fifth Third Bancorp now owns 139,525 shares of the company’s stock worth $3,672,000 after acquiring an additional 73,048 shares during the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

Perimeter Solutions Price Performance

PRM stock opened at $29.70 on Friday. The company has a market cap of $4.86 billion, a PE ratio of 228.45 and a beta of 1.91. The company has a current ratio of 2.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $29.02 and a two-hundred day moving average price of $29.64. Perimeter Solutions has a 12-month low of $20.38 and a 12-month high of $38.17.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.11). The business had revenue of $389.87 million during the quarter, compared to analysts’ expectations of $381.45 million. Perimeter Solutions had a net margin of 6.68% and a return on equity of 19.86%. As a group, research analysts predict that Perimeter Solutions will post 1.44 EPS for the current year.

Perimeter Solutions Company Profile

Perimeter Solutions is a global provider of fire safety products and specialty chemicals. Its fire safety business develops products used to prevent and suppress wildfires and to fight structural and industrial fires, including long-term fire retardants, firefighting foams and related agents. Its PHOS-CHEK brand is used in wildfire management. The company also makes lubricant additives, including phosphorus-based products used in industrial and transportation applications. Its products serve customers in multiple regions around the world, including firefighting agencies and operators that rely on specialty chemical solutions.