Wall Street Zen Upgrades Primoris Services (NYSE:PRIM) to “Strong-Buy”

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

A number of other research firms have also recently commented on PRIM. Wells Fargo & Company raised shares of Primoris Services to an “equal weight” rating in a research report on Thursday, November 13th. The Goldman Sachs Group raised shares of Primoris Services to a “strong sell” rating in a research report on Monday, November 24th. Weiss Ratings started coverage on shares of Primoris Services in a report on Thursday, October 23rd. They set a “buy (b)” rating for the company. Zacks Research upgraded shares of Primoris Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Finally, Needham & Company LLC raised shares of Primoris Services to a “moderate buy” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Primoris Services Trading Down 0.3%

Shares of NYSE PRIM opened at $125.45 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.26. The company has a market cap of $6.78 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.85 and a beta of 1.37. Primoris Services has a 12 month low of $49.10 and a 12 month high of $146.16.

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.