Wall Street Zen Downgrades Primoris Services (NYSE:PRIM) to Buy

Primoris Services (NYSE:PRIM) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

Several other research analysts have also weighed in on PRIM. Needham & Company LLC raised shares of Primoris Services to a “moderate buy” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group raised shares of Primoris Services to a “strong sell” rating in a research report on Monday, November 24th. Weiss Ratings initiated 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. Finally, Wells Fargo & Company upgraded Primoris Services to an “equal weight” rating in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Primoris Services currently has an average rating of “Moderate Buy”.

Primoris Services Stock Down 8.1%

PRIM stock opened at $125.91 on Friday. Primoris Services has a one year low of $49.10 and a one year 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. The company has a market cap of $6.80 billion, a PE ratio of 24.83, a PEG ratio of 1.85 and a beta of 1.37.

Primoris Services Company Profile

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.