Primoris Services (NYSE:PRIM) Stock Rating Upgraded by Cantor Fitzgerald

Primoris Services (NYSE:PRIM) was upgraded by analysts at Cantor Fitzgerald to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

PRIM has been the topic of several other reports. Wells Fargo & Company upgraded shares of Primoris Services to an “equal weight” rating in a report on Thursday, November 13th. Wall Street Zen downgraded shares of Primoris Services from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 11th. Zacks Research downgraded Primoris Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. 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 reissued a “buy (b)” rating on shares of Primoris Services in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Primoris Services Price Performance

PRIM stock opened at $148.23 on Friday. The company has a market cap of $8.01 billion, a PE ratio of 29.24, a PEG ratio of 2.06 and a beta of 1.36. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $130.24. Primoris Services has a fifty-two week low of $49.10 and a fifty-two week high of $155.19.

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.