Primoris Services Corporation (NYSE:PRIM) Given Average Recommendation of “Hold” by Brokerages

Shares of Primoris Services Corporation (NYSE:PRIM) have received an average recommendation of “Hold” from the seven analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

PRIM has been the subject of several recent analyst reports. Wells Fargo & Company raised Primoris Services to an “equal weight” rating in a report on Thursday, November 13th. Zacks Research lowered shares of Primoris Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Primoris Services in a research note on Tuesday, January 20th. Guggenheim upgraded Primoris Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Finally, Cantor Fitzgerald raised Primoris Services to a “hold” rating in a research report on Friday, January 23rd.

Primoris Services Stock Performance

NYSE PRIM opened at $151.95 on Friday. Primoris Services has a 52 week low of $49.10 and a 52 week high of $155.19. 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 price of $131.57. The company has a market cap of $8.21 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 2.06 and a beta of 1.36.

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. 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.