Primoris Services (NYSE:PRIM) Downgraded to Buy Rating by Wall Street Zen

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

Several 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 note on Thursday, November 13th. Needham & Company LLC upgraded shares of Primoris Services to a “moderate buy” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group raised Primoris Services to a “strong sell” rating in a report on Monday, November 24th. Finally, Weiss Ratings assumed coverage on Primoris Services in a research report on Thursday, October 23rd. They issued a “buy (b)” rating for the company. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Primoris Services Stock Performance

Shares of NYSE PRIM opened at $126.56 on Friday. The stock has a market cap of $6.84 billion, a P/E ratio of 24.96, a P/E/G ratio of 2.00 and a beta of 1.45. Primoris Services has a fifty-two week low of $49.10 and a fifty-two week high of $146.16. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.26.

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.