Primoris Services Corporation (NYSE:PRIM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Primoris Services Corporation (NYSE:PRIM) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have recently weighed in on PRIM shares. Needham & Company LLC upgraded shares of Primoris Services to a “moderate buy” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company upgraded Primoris Services to an “equal weight” rating in a research report on Thursday, November 13th. Wall Street Zen cut Primoris Services from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 11th. The Goldman Sachs Group upgraded Primoris Services to a “strong sell” rating in a research report on Monday, November 24th. Finally, Zacks Research downgraded Primoris Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st.

Primoris Services Price Performance

Shares of PRIM opened at $150.57 on Friday. Primoris Services has a 1-year low of $49.10 and a 1-year high of $155.19. The stock has a market capitalization of $8.14 billion, a P/E ratio of 29.70, a P/E/G ratio of 2.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.20 and a quick ratio of 1.20. The company has a 50 day moving average of $129.66.

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.