Primoris Services Corporation (NYSE:PRIM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Primoris Services Corporation (NYSE:PRIM) have earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several brokerages have issued reports on PRIM. Wells Fargo & Company raised Primoris Services to an “equal weight” rating in a research note on Thursday, November 13th. The Goldman Sachs Group raised shares of Primoris Services to a “strong sell” rating in a research note on Monday, November 24th. Weiss Ratings assumed coverage on shares of Primoris Services in a research report on Thursday, October 23rd. They issued a “buy (b)” rating on the stock. Wall Street Zen downgraded shares of Primoris Services from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. Finally, Needham & Company LLC raised Primoris Services to a “moderate buy” rating in a research note on Wednesday, October 22nd.

Primoris Services Trading Down 0.3%

PRIM opened at $129.15 on Monday. The business has a 50-day moving average price of $128.50. Primoris Services has a 12-month low of $49.10 and a 12-month high of $146.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $6.98 billion, a PE ratio of 25.47, a P/E/G ratio of 1.89 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. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation.