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

Primoris Services Corporation (NYSE:PRIM) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.

PRIM has been the topic of a number of research reports. Cantor Fitzgerald upgraded Primoris Services to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Primoris Services in a report on Tuesday, January 20th. Zacks Research lowered shares of Primoris Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Wall Street Zen downgraded shares of Primoris Services from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 11th. Finally, Needham & Company LLC upgraded shares of Primoris Services to a “moderate buy” rating in a research report on Wednesday, October 22nd.

Primoris Services Stock Performance

NYSE PRIM opened at $166.38 on Tuesday. The business’s fifty day moving average is $140.64. The company has a market capitalization of $8.99 billion, a PE ratio of 32.82 and a beta of 1.37. Primoris Services has a fifty-two week low of $49.10 and a fifty-two week high of $174.43. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.26.

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.