Primoris Services Corporation (NYSE:PRIM) Given Average Rating of “Hold” by Brokerages

Shares of Primoris Services Corporation (NYSE:PRIM) have received an average recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

Several research firms recently weighed in on PRIM. Wells Fargo & Company raised shares of Primoris Services to an “equal weight” rating in a research report on Thursday, November 13th. Cantor Fitzgerald upgraded Primoris Services to a “hold” rating in a research note on Friday. Needham & Company LLC upgraded Primoris Services to a “moderate buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Primoris Services in a report on Tuesday, January 20th. Finally, Zacks Research cut Primoris Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st.

Primoris Services Stock Performance

Primoris Services stock opened at $148.23 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 fifty-two week low of $49.10 and a fifty-two week high of $155.19. The business’s fifty day moving average is $130.24. The stock has a market capitalization of $8.01 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 2.06 and a beta of 1.36.

About Primoris Services

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.