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

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

PRIM has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded Primoris Services to a “strong sell” rating in a research report on Monday, November 24th. Zacks Research downgraded shares of Primoris Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Wall Street Zen downgraded Primoris Services from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 11th. Cantor Fitzgerald upgraded Primoris Services to a “hold” rating in a report on Friday, January 23rd. Finally, Wells Fargo & Company raised Primoris Services to an “equal weight” rating in a research report on Thursday, November 13th.

Primoris Services Trading Up 3.5%

PRIM opened at $166.09 on Tuesday. Primoris Services has a 12 month low of $49.10 and a 12 month high of $174.43. The business has a 50 day simple moving average of $142.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $8.97 billion, a P/E ratio of 32.76 and a beta of 1.37.

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.