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

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

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

Primoris Services Trading Up 2.3%

NYSE:PRIM opened at $169.53 on Tuesday. The business’s 50-day moving average price is $143.26. Primoris Services has a 1-year low of $49.10 and a 1-year high of $174.43. 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 capitalization of $9.16 billion, a PE ratio of 33.44 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. 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.