Primoris Services (NYSE:PRIM) Stock Rating Upgraded by Guggenheim

Primoris Services (NYSE:PRIM) was upgraded by stock analysts at Guggenheim from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on PRIM. Wall Street Zen lowered shares of Primoris Services from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Wells Fargo & Company raised Primoris Services to an “equal weight” rating in a report on Thursday, November 13th. Needham & Company LLC raised Primoris Services to a “moderate buy” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group raised shares of Primoris Services to a “strong sell” rating in a research report on Monday, November 24th. Finally, Weiss Ratings initiated coverage on shares of Primoris Services in a report on Thursday, October 23rd. They issued a “buy (b)” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Primoris Services Stock Down 0.1%

PRIM opened at $137.88 on Tuesday. The stock has a market capitalization of $7.45 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 1.92 and a beta of 1.36. The firm’s 50 day moving average is $126.67. Primoris Services has a twelve month low of $49.10 and a twelve 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.

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.