Primoris Services (NYSE:PRIM) Upgraded by Cantor Fitzgerald to Hold Rating

Primoris Services (NYSE:PRIM) was upgraded by research analysts at Cantor Fitzgerald to a “hold” rating in a research report issued on Friday,Zacks.com reports.

Several other brokerages have also commented on PRIM. Wall Street Zen cut Primoris Services from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 11th. The Goldman Sachs Group upgraded Primoris Services to a “strong sell” rating in a research report on Monday, November 24th. Weiss Ratings restated a “buy (b)” rating on shares of Primoris Services in a research report on Tuesday. Needham & Company LLC raised Primoris Services to a “moderate buy” rating in a research note on Wednesday, October 22nd. Finally, Guggenheim raised shares of Primoris Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Primoris Services Stock Down 1.5%

NYSE:PRIM opened at $148.23 on Friday. The stock’s fifty day moving average is $130.24. 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 firm has a market cap of $8.01 billion, a PE ratio of 29.24, a PEG ratio of 2.09 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.