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

Perimeter Solutions, SA (NYSE:PRM) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $41.50.

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

Perimeter Solutions Stock Performance

Perimeter Solutions stock opened at $30.74 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.93 and a current ratio of 2.79. The company has a 50 day moving average price of $29.04 and a 200-day moving average price of $29.62. The company has a market capitalization of $5.04 billion, a PE ratio of 236.50 and a beta of 1.91. Perimeter Solutions has a fifty-two week low of $20.38 and a fifty-two week high of $38.17.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new position in shares of Perimeter Solutions during the 2nd quarter valued at approximately $26,000. State of Wyoming grew its holdings in Perimeter Solutions by 60.8% in the 3rd quarter. State of Wyoming now owns 2,176 shares of the company’s stock valued at $57,000 after buying an additional 823 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 valued at $56,000 after purchasing an additional 383 shares during the period. Nykredit A S acquired a new stake in shares of Perimeter Solutions during the 2nd quarter worth approximately $99,000. Finally, Rockefeller Capital Management L.P. increased its stake 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 worth $80,000 after acquiring an additional 1,051 shares during the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

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.