Primoris Services (NYSE:PRIM) Lowered to “Buy” Rating by Wall Street Zen

Primoris Services (NYSE:PRIM) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

PRIM has been the topic of several other reports. Zacks Research upgraded shares of Primoris Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company raised shares of Primoris Services to an “equal weight” rating in a research note on Thursday, November 13th. Weiss Ratings initiated coverage on Primoris Services in a research report on Thursday, October 23rd. They issued a “buy (b)” rating for the company. Needham & Company LLC raised shares of Primoris Services to a “moderate buy” rating in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group upgraded Primoris Services to a “strong sell” rating in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Primoris Services Stock Performance

Shares of Primoris Services stock opened at $125.91 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.26. Primoris Services has a twelve month low of $49.10 and a twelve month high of $146.16. The stock has a market cap of $6.80 billion, a PE ratio of 24.83, a PEG ratio of 1.85 and a beta of 1.37.

Primoris Services Company Profile

Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems.