Perimeter Solutions, SA (NYSE:PRM) Stock Has Average Target Price of $42.75

Shares of Perimeter Solutions, SA (NYSE:PRM) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the stock, MarketBeat 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 price objective among brokers that have issued ratings on the stock in the last year is $41.50.

A number of equities analysts recently issued reports on PRM shares. Zacks Research cut shares of Perimeter Solutions from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. 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 report on Tuesday. Weiss Ratings downgraded shares of Perimeter Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, September 28th. Wall Street Zen cut shares of Perimeter Solutions from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, UBS Group cut their price target on shares of Perimeter Solutions from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th.

Perimeter Solutions Stock Down 0.2%

PRM stock opened at $27.45 on Monday. The business has a 50 day moving average of $30.71 and a 200 day moving average of $31.38. The firm has a market cap of $4.49 billion, a PE ratio of -12.31 and a beta of 1.92. Perimeter Solutions has a twelve month low of $19.70 and a twelve month high of $38.17. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.19.

Perimeter Solutions (NYSE:PRM) last released its earnings results on Friday, July 31st. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). Perimeter Solutions had a positive return on equity of 19.15% and a negative net margin of 44.86%. The company had revenue of $213.81 million during the quarter, compared to the consensus estimate of $216.89 million. On average, research analysts forecast that Perimeter Solutions will post 1.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Perimeter Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Management Professionals Inc. bought a new position in Perimeter Solutions during the second quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its position in Perimeter Solutions by 20.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,295 shares of the company’s stock worth $56,000 after purchasing an additional 383 shares during the period. Rockefeller Capital Management L.P. grew its position in Perimeter Solutions by 56.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,918 shares of the company’s stock worth $80,000 after purchasing an additional 1,051 shares during the period. Assetmark Inc. raised its stake in Perimeter Solutions by 1,512.7% during the 1st quarter. Assetmark Inc. now owns 4,064 shares of the company’s stock valued at $99,000 after buying an additional 3,812 shares during the last quarter. Finally, Dagco Inc. purchased a new stake in Perimeter Solutions during the 1st quarter valued at $99,000. 89.93% of the stock is owned by institutional investors.

About Perimeter Solutions

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.