Primoris Services (NYSE:PRIM) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Primoris Services (NYSE:PRIM) to a hold rating in a report issued on Friday morning,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the company. Needham & Company LLC upgraded Primoris Services to a “moderate buy” rating in a report on Wednesday, October 22nd. Zacks Research lowered shares of Primoris Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Wall Street Zen cut shares of Primoris Services from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 11th. Weiss Ratings restated a “buy (b)” rating on shares of Primoris Services in a report on Tuesday, January 20th. Finally, Guggenheim raised shares of Primoris Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Primoris Services has an average rating of “Hold”.

Primoris Services Stock Performance

Shares of Primoris Services stock opened at $148.23 on Friday. The stock has a 50 day simple moving average of $130.24. 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 stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.06 and a beta of 1.36. Primoris Services has a fifty-two week low of $49.10 and a fifty-two week high of $155.19.

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. 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.