Primoris Services (NYSE:PRIM) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Primoris Services (NYSE:PRIM) from a buy rating to a hold rating in a report issued on Saturday.

A number of other research analysts have also weighed in on PRIM. Weiss Ratings reissued a “buy (b)” rating on shares of Primoris Services in a report on Tuesday, January 20th. Wells Fargo & Company raised shares of Primoris Services to an “equal weight” rating in a research report on Thursday, November 13th. Guggenheim upgraded shares of Primoris Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Zacks Research lowered shares of Primoris Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Finally, Cantor Fitzgerald raised shares of Primoris Services to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Primoris Services currently has an average rating of “Hold”.

Primoris Services Stock Up 0.2%

Shares of NYSE PRIM opened at $151.09 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.24. The stock’s 50 day simple moving average is $146.50. The firm has a market capitalization of $8.17 billion, a P/E ratio of 30.04 and a beta of 1.37. Primoris Services has a twelve month low of $49.10 and a twelve month 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.