Primoris Services (NYSE:PRIM) Stock Rating Lowered by Wall Street Zen

Primoris Services (NYSE:PRIM) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

PRIM has been the subject of a number of other research reports. Zacks Research cut Primoris Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Cantor Fitzgerald raised shares of Primoris Services to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Primoris Services in a research note on Tuesday, January 20th. The Goldman Sachs Group raised shares of Primoris Services to a “strong sell” rating in a research report on Monday, November 24th. Finally, Wells Fargo & Company raised shares of Primoris Services to an “equal weight” rating in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Primoris Services Stock Down 1.0%

Shares of Primoris Services stock opened at $150.47 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.20 and a current ratio of 1.26. The stock has a market cap of $8.13 billion, a P/E ratio of 29.91 and a beta of 1.37. The stock has a 50 day moving average price of $146.06. Primoris Services has a 52-week low of $49.10 and a 52-week high of $174.43.

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.