Primoris Services (NYSE:PRIM) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Primoris Services (NYSE:PRIM) from a strong-buy rating to a buy rating in a report published on Sunday morning.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group raised Primoris Services to a “strong sell” rating in a report on Monday, November 24th. Weiss Ratings assumed coverage on Primoris Services in a research report on Thursday, October 23rd. They issued a “buy (b)” rating on the stock. Zacks Research raised Primoris Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Needham & Company LLC upgraded Primoris Services to a “moderate buy” rating in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company raised Primoris Services to an “equal weight” rating in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Primoris Services currently has an average rating of “Moderate Buy”.

Primoris Services Trading Down 1.5%

Shares of NYSE:PRIM opened at $128.61 on Friday. The stock has a market capitalization of $6.95 billion, a P/E ratio of 25.37, a PEG ratio of 1.91 and a beta of 1.37. Primoris Services has a fifty-two week low of $49.10 and a fifty-two week high of $146.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 1.20.

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.